Look who just won the $1.5 million dollar pool?
Dan Christian, the realtor (and possibly developer of 625 Center St) looks to have just won the $1.5 million dollar battle. Like all the other houses I noted in this post about the glut of $1.5 mil houses, this house on California is big, has “upgrades” and just cut the legs out from under at least three of the ~$1.5 mil houses by listing at $1.4. It may still be a tough sell but the ramifications will be felt and will anger local real estate residents and agents.
I’m sure Bill and Alex will be lurking in dark alleys looking for Dan.
The price of real estate is set at the margin. It just takes one sale like this to become the new normal. Dan Priced this house aggressively under the other homes.