I didn’t miss anything while I was gone.
There were no new pendings around our new listing in San Marcos – even though there are plenty of choices! The house for sale that is three doors down dropped their list price by $50,000, but all that does is balance out the competiton and slightly diminish my advantage of being the best value on the market.
On our Lindbergh listing, we’re going to hang tough as long as we can.
With so much competition and virtually no buyer activity, lowering the price might not do anything. The $50,000 drop by the neighbor was virtually unnoticeable. But if others start lowering too, then the price war is on and the first one out wins.
We’re not used to seeing that, or having to deal with it!
At this point, everyone is just hoping for a lucky sale. The house across the street had lowered their price already to $1,799,900 but no open houses scheduled for this weekend means they are going to leave it up to me and the $1,649,000 neighbor to conduct the price discovery.
This is my first example of three listings that got caught in the post-Liberation Day malaise, and they will demonstrate some of the real-life decisions that sellers are making in the current environment.
We have a lot riding on this one – it’s Natalie’s first listing!
