Misleading list price on available Irvine homes may create some frustrated buyers?

by Robert Mack on September 2, 2009

in Irvine Real Estate

This last weekend I went to an open house in Irvine California.  It is a great way to stay on top of the inventory and really know what is available.  I went a saw a beautiful home in the Woodbridge area that was such an amazing buy at the list price. 

The home was full of happy and excited buyers, and I could tell by their facial expressions that they really wanted the home.  There must have been about 20 families in this huge home in just the short time that I was there. 

I went back to my office to run the comparables and was shocked at how low the home had actually been listed for.  Priced at $869,000 and the recent comparable sales for a home like that in that same area was well over $1,150,000.  Bottom line, the listing agent will receive many offers and just choose the highest and best.  At the same time, a lot of buyers will be disappointed. 

I’m so curious to see what the home actually sells for.  Keep an eye out for a future blog update once I find out what the closing price was.

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