[quote=limkotir]https://www.redfin.com/CA/San-Diego/7785-Norcanyon-Way-92126/home/4557024
Initially listed at $1.3m, then two days ago, changed to $1.65m. Is this the winning bid amount?
Is this insanity we’re observing here…? SDRealtor… your thoughts?[/quote]
When you see a price raised like that it is generally a signal that is the winning bid or close to it.
One thing to note is that these 3 houses are probably best of the best location/lots for existing tract homes in MM. The are also bigger and newer homes than most. Of course 3 Roots will change that. These new high comps pull everything up a bit with them but they are exceptions.
Id say 90% of the sfr market here in MM is the standard 1000 to 1700 sq ft mostly 1 story homes that are still mostly between 800k and 1M. Ive done a fair amount of sales here and still think there are lots of good solid opportunities for buyers here. The key is knowing the lay of the land to get a good lot/location and floorplan to work with. The MM inventory flow has been steady but limited and the good ones are out there.