This week's local rag's real estate lift-out begins with this " *** WARNING *** Properties are selling so fast, most are not making it to the internet. Register with us to receive early access to new listings."
So crazy is the current market, the ones that do make it to the internet or into print are mostly marked AUCTION, as neither the vendor nor the agent have any idea what some crazy buyer may be prepared to pay.
One of the few that state a price is at 139 Northcove Road in Long Beach. This STUNNING CLIFF TOP HOME WITH BREATH TAKING VIEWS - so breathtaking, in fact, that they had to take a breath between "BREATH" and "TAKING" - sells "from $2,250,000 to $2,500,000" (can you explain to me the logic behind a price range? I mean, if a buyer can get it for $2,250,000, why would he gratuitously add an extra $250,000?) But here comes the real kicker: this same property last sold a mere five years ago, in August 2016, for a mere $485,000 ! Crazy? You bet!
Okay, breathtaking views (or breath taking, if you will) are fine - after all, it's all about POSITION, POSITION, POSITION - but the size of the land is also important because, to quote Mark Twain and any real estate agent since then, "Buy land, they're not making it anymore", and these breathtaking views can only be had from a tiny 607 square metres.
Compare that to Riverbend's 30,000-plus square metres! Not that we can claim to have breathtaking views of the water; instead, we are smack bang ON the water! Should I offer a price range from $2,500,000 to ∞ ?
