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Updated 6 months ago, 06/20/2024
Am I being too greedy with my asking price or impatient?
Good day BP and Happy Father's Day to all the Dads!
I'm currently in the process of selling my first property. It is a 1500 sqft 3 bed 3 bath condo about a 5-minute walk to the beach. I live in Southern California and my property is currently listed at $1.05m. It has been on the market for about 45 days and has received modest interest from buyers. The property is part of a large condominium and is located on the backside of the building (i.e., it does not have an ocean view). My agent informed me that comps in the area are selling between $840K-985K, however those properties are not as near to the beach as mine. I should also mention that properties with an ocean view in my condominium have sold between $1.2m-1.3m but also have less square footage and less bedrooms and bathrooms. It was with that consideration that I listed the property at $1.05.
Considering the circumstances, I would really appreciate your opinions on whether I am being greedy with the listing price or whether I should be patient, keep the selling price as it is, and wait for a serious buyer.