The two th are with the same sf, the one that sold for less was listed 6 weeks’ later than the neighbor’s 678 Webster St PALO ALTO Listed Mar 14 sold April 21 2.41m 674 Webster St PALO ALTO listed April 28 Sold July 12 1.92m Will the market going down even more, or it is already priced in the recession?
should go ask the buyer of 678 how they feel about paying .5m more
Probably pretty stoked if they got a fixed rate mortgage as they will be saving a lot more than the other person over 30 years
Lower price is one refinance away from the better deal
I really can't understand people paying millions to live in suburban hellscape I guess most of USA just sucks even more
Hellscape you say?
https://substance.media/1494/bestof/featured-stories/american-suburbia-a-failed-experiment/
Which one was the outlier? I’m not familiar with townhome comps for Palo Alto.
Ofc going down, google don’t ask dumb questions
yeah I think it will go down, just want to know how other people think for now
678 is auspicious street address. 674 is not.
In Chinese and many asian cultures, the numbers 3, 6, and 8 are generally considered to be lucky, while 4 is considered unlucky.
Buyers evaporated. I guess only desperate sellers are selling. It can certainly go down more, but it may not get more affordable if you need a loan. Cash buyers can wait for the sellers to squeal.
what the point of 2.5% rate if you asset is down 500k below water? it is like perks VS tc you got perks but your tc going down significantly
Not if you actually want to use the asset. Unless you need to sell soon, the current price is immaterial.
if you lost job and need money urgently, you could not sell your house if price going below purchasing price. i do not wish anyone in that situation but that is a poosiblity
678 is an end unit and better staged. Having said that I don’t think there should be 1/2 M difference in the price between the two more like around 200 to 300 K
I’m guessing the conditions of the houses were similar?
Yes very similar, nearly the same layout
Wow, that’s crazy. Just looked them up using you. It could have been a private sale. I’ve seen some random sales that didn’t make any sense over the years and sometimes that’s why.