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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The most expensive house is almost 2x bigger than the least expensive and considerably bigger than the mid-priced house.

But a big issue is the fact that the least expensive house has only 2 BRs. That's a big problem for many buyers. (Why in the world would you renovate an almost 2k sqft house down to only 2BR? Madness.)[/quote]

Why though? Why are 3 small bedroom better than two large ones?[/quote]
Because parents don’t want their kids to share a room. And couples can want separate offices. And people like having guest rooms. The market for a 2-BR house is much smaller than a 3-BR house. [/quote]

Certainly a much smaller market for 2 BR but I mean, in that location and condition it seemed to find a buyer instantly. People with kids at home sometimes forget that outside their world exists a buyer pool where not everyone is a married couple with two children under 18.[/quote]

OP here. I guess my question was why is there such a price differential between these houses 3 houses? Would the first house have gone under contract at 1.5 or 1.7?[/quote]

Part of the dramatic difference between 1 and 2 is 1 was (intentionally) underpriced with great updated interior and well-done photos—a perfectly executed listing. And 2 is the exact opposite: it’s got awful dark photos (even if those are the coming soon photos its not a good look) and is overpriced, perhaps by quite a lot which is a bad strategy overall. It looks like they don’t know what they’re doing.

Put more simply, I think when the actual final purchase price of 1 and 2 are revealed the gap will be much smaller.

3 is an entirely different style of house and category, but is also overpriced.[/quote]

So the first will sell over asking and the second under. I actually went to the open house for the first and it’s nice, but feels very small. The bedrooms are not big bedrooms, but normal size ones. Nice closet in the main bedroom.[/quote]

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