Siteline | Why Cut a Price When You Can Raise It?

The word of the week is up: there were far more notable price increases than reductions, a clear sign that agents don’t see interest waning.

The name Rancho Vista de la Playa is a bit rich for a house so far from the beach, but then 1200 N. San Marcos Road (↑$499K to $8.499M) obviously has a grand sense of self. The 13.79-acre property includes ~~a strip mall~~ a main house, guest house, stables, and a swimming pool with two cabanas and a changing room. In January, the price was $8 million. P.S. A lack of interior photos is always a red flag.

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When 2255 Las Tunas Road (↑$500K to $3.495M) came on the market in February for just under $3 million, the price didn’t seem unreasonable for a house with fresh style and no views on a good Riviera street. After four months off the market, it’s back for $500,000 more.

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Overlooking Alameda Padre Serra, 2217 Mission Ridge Road (↑$45K to $2.295M) gives the impression of having been built earlier than 1981. There’s a lot of tile, some quite lovely, and a pretty roof deck—I’d love to see what Jeff Shelton could do with it. The price was $2.25 million in February.

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One of those houses where the architect didn’t know when to stop, 595 Freehaven Drive (↑$250K to $3.95M) sat on the market for a year at $3.7 million.

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620 Cima Vista Lane (↑$155K to $6.15M) was listed for $5.995 million when it went pending for $6.15 million. After the buyer backed out, the agent went with the new price.

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Finally, an actual price cut—make that three price cuts. 475 Woodley Road (↓$200K to $5.495M) was listed two weeks ago for $5.695 million, which was a stretch; in the past week, it was reduced by $20,000, then $100,000 more, then $80,000 more.