We have seen lots of 2 bedroom and 2 bathroom homes in Grass Valley over the last year. The consensus of buyers is that when they are all fixed up and in move in ready condition, and they have a garage, and decent landscaping, and they are under 1300 square feet, $300,000 is just about the top of the price range buyers feel is comfortable. So, here is one, listed back in July for $329,000, and it looks and feels like it might be the nicest one I have seen all year, but after six months on the market without being sold, buyers simply find the price too rich.
Homes that are in such good condition that don’t sell tell important information about the highest tolerance level buyers have for the price point threshold. This home absolutely would sell if it were price right. There is nothing wrong with it, nothing not to like about it, except the price. There is plenty of demand for single story 2 bedroom and 2 bathroom homes in Grass Valley, especially if they have a garage. This one simply is a bridge too far for the 2017 market. Since it will ride into the spring as an active listing it will be very interesting to see if it sells at the beginning of the spring market, when prices often surge upward right when the weather first turns nice and buyers express pent up demand by paying a premium for an early pick of the new inventory. This home will not be tarnished by the long stay on the market, the good condition insures that if a buyer wants a move in ready home, this one will get shown.
Just have to watch this one and see what happens.