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Monday, March 31, 2008

Price Choppers: Marin's Most Motivated Sellers

A friend asked what we were going to write about today and we answered, "Sellers in southern Marin who have dropped their asking prices," and then the friend said, "Is that a joke? Or do people actually do that here?" Short answer is yes, they do. All the time. Long answer is:

GOLF COURSE VIEW: After being on the market less than three weeks, the owners of 10 Country Club Drive in Mill Valley cut the asking price from $3.495 million to $3.195 million, for 3,200 square feet in a sunny location. Best feature: the wraparound deck and outdoor fireplace. Why the price cut? Somebody must have noticed that 72 Cypress, another view house that came on the market the same day, has a much lower asking price -- $2.3 million -- for a slightly bigger house. Granted, Cypress is in shade for much of the day.

ONE YEAR LATER: An "utterly charming, remodeled Sleepy Hollow home on a 27,000 sq ft lot" that went on the market more than a year ago asking $1.25 million is now for sale for $1.239 million. Does this mean the seller might actually be willing to settle for $1.238 million? Would $1.237 million be an insult?

WORTH A LOOK: After nearly two months on the market, 171 Stanford Ave.'s asking price is down from $849k to $795k. Zillow estimates the Mill Valley house is worth $820k and that all its nearest neighbors on the view side of the street are worth more.

[Photo credit: Dreammoods)