crazy price!! Sydney outer west

[Edmond Dantes]

http://www.raywhite.com/nsw/werrington/1022808/

Listed for 289k!! Will we see a mad buyer paying asking price??

 

[MsAli]

What's reasonable for the area Edmond?

 

[Edmond Dantes]

I'd say 210k-230k.

 

[nhg]

I'd say 210k-230k.

Come now, apartments are $220k these days.

Maybe $250-270k?

 

[Edmond Dantes]

Come now, apartments are $220k these days.

Maybe $250-270k?

Nope. I've seen the place inside and it's really small. Let's say 240k to be generous. But not 289k! Let's see how much it sells for!

 

[DaveM]

Come now, apartments are $220k these days.

Maybe $250-270k?

A 2br apartment a few doors up sold a few weeks ago for 242k. Werrington is riding the boom wave like most others.

I would say that place is worth 255-265k

 

[Edmond Dantes]

A 2br apartment a few doors up sold a few weeks ago for 242k. Werrington is riding the boom wave like most others.

I would say that place is worth 255-265k

I own one a few doors up, bigger than this one, recently valued at 239k!. The valuer clearly has no idea whats going on.

 

[jaspn]

I own one a few doors up, bigger than this one, recently valued at 239k!. The valuer clearly has no idea whats going on.

I agree.

Townhouses are more than units, but $289k is a far cry. The agent has probably caught onto the demand and is willing to try his luck.

 

[MsAli]

I own one a few doors up, bigger than this one, recently valued at 239k!. The valuer clearly has no idea whats going on.

Yeh I hear you. Units had been selling for $240k a few months ago but my villa was valued at 240k...I wasn't happy

 

[bob shovel]

There seems to be a few gunho REA's or owners in the area lately. Most places are selling quickly at good prices but others are trying their luck and putting higher price tags on.

250k is where my bet would be.

 

[Jake Milne]

I own one a few doors up, bigger than this one, recently valued at 239k!. The valuer clearly has no idea whats going on.

Probably not the REA. It's probably that the vendor has expectations, in light of recent market trends, that are higher than the market's perceived value.

Keep an eye out for agent conditioning and a lower listing price in the future if what this thread claims is accurate.

 

[DaveM]

Price drop of over 40k on it now LOL

 

[b7277]

LoL.. another day and maybe it will drop further. Keen to see what it sells for. 225K maybe.

 

[Edmond Dantes]

I'm sticking to my initial estimate, 230k lol, we'll see. There's another one for sale around the corner, 30 mtrs from the station. Dont know what the listed price is..

 

[see_change]

can't blame the agent for trying to see what they could get away with though ....

Cliff

 

[Edmond Dantes]

Still on the market....