26156 Sweetland Road A North San Juan Ranch Style Home, originally listed for $387,000 recently reduced to $300,000

Originally listed for $387,000, that price would be a bit high in Grass Valley, but not over the top. But the sellers or their agent simply miscalculated the discount buyers demand for a North San Juan address. Once a property is pegged as “over priced” sellers end up discounting the home more than might have been necessary had the home been priced right in the first place. $325,000 probably would have been a solid value, but the seller clearly expressing a desire to move the home, dropped the price to a very aggressive $300,000, and that flipped the switch for buyers, sending this one into the pending stack after just a few days at that price. I looked at the house when it was listed for the higher price, and noted not a single business card on the kitchen counter. Three days after the price was dropped to $300,000 there were a dozen cards on the counter. Buyers came out in droves once the price point dropped below the price of a similar home in Grass Valley, and the real incentive kicked in when buyers realized this home was a good deal, even compared to other homes in North San Juan. Not surprising that is went pending right away.

Author: gordon

Nevada County Resident since 1988. Painting and Decorating Contractor 1985-2003 Nevada County Realtor Since 2004 Member of the Nevada County Masters Club (top producing agent) Every Year Since 2004

Leave a Reply