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Why are homes next to FaceBook NOT getting listed at one million dollars?

  • June 17 2012 - Menlo Park
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Answers (3)

Best Answer

I don't think anyone has said that.

Homes are worth whatever someone is willing to pay for them... end of story. That's how the free market works. Best way to find out the true value of your home is list it for sale and find out what you can get for it.

Also, no one person sets any prices. Home list prices are set by the home owners that are trying to sell. Those list prices have very little impact on value. Values are set by recent sale prices.

Don't take this stuff personally. This is just the market acting as the open, free market that it is. We should all consider ourselves lucky that we're here talking about real estate instead of in Reno, Las Vegas, Buffalo, anywhere in Michigan, and 90% of the rest of the country.... most folks are in markets were it takes 9 months+ to sell a home, with average sales prices around $200k.

This is a great location!
  • June 18 2012
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Profile picture for BelindaGoodwin
This again is not fair. Whomever sets the housing prices are out of touch.The " real" Menlo Park, Willow Road neighborhood that is directly next to FaceBook has beautiful homes that have been remodeled, rebuilt, and are well kept up. How can you truely say that these homes should
be listed at a lower market rate and not worth $959,000 to one million?
  • June 17 2012
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The short answer is: Because they aren't selling for $1m.
  • June 17 2012
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