Here’s a bidding war I got tangled up in but lost to a cash offer who paid over list to get it. The LA marked the sales price as $1.65 million in the MLS, but the tax rolls show different.
The property is similar to those on Crest nearby, with over an acre and a decent ocean view from upstairs. The interior was tasteful without being over the top, and it is really a single story home with a rumpus room+bath upstairs.
We thought it might not attract as much attention due to the vacant lots on two sides, the funky nature of the surrounding area, and traffic on Birmingham.
But boom – at least three offers, and a couple from La Quinta won it:
Yet you see the media taking advantage in every stat they can dig up to paint a slowing RE picture.
My guess is soon they will run out of bad stats.
The number don’t lie , but you can sure bend them the way you want.