My Valley Glen listing at 13523 Bessemer closed today at $630,000, just about where the sellers and I thought it would. It was listed at $659,000, and is a 2050 sf 3+2 with a gorgeous, redone kitchen, air, hardwoods, redone baths and more. It has been listed since June 17th.
This sale provides an opposing view, I think, to all of the otherwise-bad real estate news out there. I had encouraged the sellers to wait until after the summer to list the house. I had thought, wrongly, that with "such a bad market" the house would be sitting for several months during the slowest part of the year (late summer). Thankfully, the sellers didn't listen to me. We had a contract five weeks after it listed. Also, considering the news about rampant price declines in local real estate, I encouraged the sellers to lower the price after four weeks. I was also nervous about two foreclosures one street over and what those houses might do to value. Once again, they smartly declined to do so, and we shortly thereafter received the good offer that resulted in a sale. I'm not saying the market isn't bad, mind you; but perhaps all is not as dire here in the SFV as the media would have you believe.
