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What do you make of houses that have had price fluctuations over the time they have been listed? I know sometimes work has been done to the house to help it sell so it's worth more in that case but check this out:
Check out this roller coaster of a price history! This is a home by the largest lake in NJ. It looks like it's gone unsold for 4+ years. Seasonality sometimes appears to affect the price, aka price increases in spring to close by summer when people would enjoy the lake but it's not always the case. If this home didn't sell for $119k in 11/16, no way am I paying $149k 4 months later with clearly little to no work done in that time. It's very interesting to me to check price histories on properties I casually browse.
IIf it's priced right for the location and condition it will sell. Price history can be impacted by so many factors that it is impossible to say without more information what was going on. Homes get listed, prices change, sold, go off the market all the time for various reasons.
The bottom line is the market decides what it will sell for and in the end price fluctuations mean little in the overall picture of the property. What you nit pick most other buyers are totally unaware.
I'm that you'll get lots of responses, but if you're not looking to buy, who cares?
It's easy to find a subset of "these people are crazy" sellers where the price goes up or down without rhyme or reason, and the house stays unsold. They're in every market, it just varies how many of them there are.
We had a seller one time who was well overpriced, well above what we suggested to start, well above what we kept showing comps were selling for as the months rolled by for an entire year. A news report came out "prices in Raleigh up 3% over the last year" .... this guy literally said "Hey, look here. The house is worth 3% more. Let's raise the price!"
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