Here’s a detached condo in 4S Ranch of San Diego. 1,644 sqft, 3 bed, 2.5 bath, built in 2003. Bought in 8/2003 for $403,000. Hmmm… how much should we price this home? $550,000? $560,000? $580,000? $570,000? Should we make a $150,000 profit? or do we deserve a $180,000 profit. Gosh, this is so hard!!!

Days on Market: 44 days

Listing Date: 04/06/06 — $550,000
Price Increased: 04/27/06 — $550,000 to $560,000
Price Reduced: 04/28/06 — $560,000 to $550,000
Price Increased: 05/05/06 — $550,000 to $580,000
Price Reduced: 05/08/06 — $580,000 to $570,000
Price Reduced: 05/16/06 — $570,000 to $560,000
Price Reduced: 05/19/06 — $560,000 to $550,000

In the meantime, another 2,100 homes are added to the San Diego County total inventory for sale. Time’s wasting!