-20% despite multiple offers, 94087 you see whats comming
https://www.redfin.com/CA/Sunnyvale/1455-Norman-Dr-94087/home/761158 just sold for 2.68 mil. 10k lot, at least 7 groups of people went for the open houses when I was there, the listing agents even had an open coffee bar at the yard(their coffe was good)
the sold price was estimated at around 2.9
comparing to https://www.redfin.com/CA/Sunnyvale/1556-Warbler-Ave-94087/home/829197 sold on Feb with 2.9 million, 1800 sqft ONLY 6000sqft yard!!!
for those blind house pros, please! it is your nitpicking time!
quick summary: this is the ultimate punchline from those blinders "THE SECOND HOME JUST LOOK NICER" no matter if the second home sitting close to both highway and hospital and lot is 4000 sqft smaller, the blinder will buy because it looks just "NICE"
comments
Also you don't have to worry about your family, school if you have kids, and time towards your job.
Naive. You are supporting your logic with 2008, an incidence that happened once and under totally different conditions.
In 2008 majority were selling not because prices were dropping but because they could not afford to pay the mortgage.
The second house is prettier; that’s not a negligible factor; it can matter a lot more than some simple “stats”. To get a balanced opinion, ask someone with a more artistic touch, and you will get a different POV
https://www.realtor.com/news/trends/where-home-prices-falling-the-most/