Quote:
Originally Posted by CalWorth
I'm just curious why it's on the market 1 1/2 years after it was purchased by a couple with 3 kids, too soon for a flip.
Price has been dropped to $750k, listed for 35 days now. Not much profit margin as exterior painted & new roof in 2023.
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Housing boom peaked mid 2022. They purchased it for 600k (not sure before the peak in mid 2022 ).
Pricing it another 25% after peak makes it over priced.
Nominal gains around 3-4% in 2023 and now into 2024 put the house price around 650-700k