Gosh, house price in South Bay is rising too fast
https://redf.in/l8yjER How is this worth 2.26M? There was a post complaining about the price of a similar house few weeks ago but even that was just sold for 1.8M (4159 Jan Way)
Redfin
lol no one buying that for 2.2M. It’s going to get unlisted in no time.
lol it’s sold price dude
Ahh well it’s 6000 sqft. It’s probably land value.
These people complain about the house price while their RSU gains have gone up so much. If you got richer lately, most likely people around you are also richer recently
I am not so rich that I can easily make up 460k difference. I am not sure who can.
Exactly. 460k difference means an increase of RSU by 700k to account for tax. You would already need to have RSU worth 1.5 or 2M 2 years ago to be able to afford such growth (except maybe Meta or Nvidia). It's only those folks buying at such prices.
I’m from san jose but I’m in miami rn and the mansions by the beach are $1.1 mil
I don’t know. But it’s cheap for some reasons, right?
Doesn’t Miami have hurricanes every year?
I get that the area is stunning, but that is truly crazy
You clearly have lower bar for what stunning means
I can’t imagine paying 2.26M and only getting 1500 sqft and a 2 car garage 4 bedrooms is nice tho
4bedroom in 1500 means each room is like 100sqft
Yup
Agents back at it again playing with buyers
Lazy listing, not even pics of the interior. Is that common? not in the bay
I think they might have just removed the pictures after closing?
never heard of that but maybe
Photos of this house are still thereon other websites https://www.homes.com/property/1606-dell-ct-san-jose-ca/8l6lvw3fzjnq2/
Although it is an attractive home, in this instance, the buyers overpaid by a lot. I know a couple that were bidding in the South Bay but kept getting outbid, they decided to target San Mateo instead, and their broker, clearly dishonest, convinced them to bid a South Bay price in San Mateo, and they immediately won. Of course, their broker didn’t tell them prices are $300k lower in the new area, and for their budget, they could have bid on a bigger house or bid a lot less. Sometimes that happens, especially when you see a house far away from the expensive areas suddenly get an unusually high bid, and I suspect that’s what happened here. People should take note of the buyer’s broker. I would never let a friend use the buying broker on this house for any kind of transaction.
yup lots of dishonest brokers running around
If 99 people think it is worth 1m and 1 person thinks it is worth 10m. It will sell of 10m. Some times you are not wrong, there was just a bigger fool in the market
Inflation?
Inflation is underestimating house price increase , at least in Bay Area