You can’t even see the house for all the trees and bushes surrounding it. A brief look at the overgrown vegetation on this street corner should be enough to demonstrate that the home is owned by someone who may not have much regard for the opinions of the outer world.

As to value, $300k might have been reasonable a year ago — and in today’s market I don’t know if a price above $250k is warranted — but the difference between $250k and $300k is nothing compared to the confusing current level of $600k. That price is simply unserious.

The listing agent might be thinking that the seller can be convinved to move the price downward over time. I’m not exactly sure how this would be done — maybe psychotropic medications in the water, or another similar HAR-approved technique — but you never know. The other question is whether this type of seller would actually entertain any offers below asking price (which may require the application of other HAR-approved techniques) but I guess we’ll find out at some point.

And don’t forget to mention she’s also head of Houston Association of Realtors! Draw your own conclusions.

I’m not surprised by prices in Bellaire anymore since I have regularly seen hastily built spec homes with awful design and architecture (imo) that sit on ~8500 square foot lots sell for near a million dollars. Heck, I saw a c. 2003 junker inside the loop going for about $860k: link

It’s true that the rage is slowing down - empty lots and empty McCustoms are beginning to pile up. Maybe things will normalize a little.

Matt: You’re nothing if not predictable.
Always cynical and negative. Meds?
__________________________________________

They can be patient all they want. Along with quite a few others. It is not a lot for a lot. Certainly not enough of a lot to ask $700,000 for.

Not cynical or negative. Just accepting of reality. And suffering from a terminal condition called scruples.

Matt: You’re nothing if not predictable.
Always cynical and negative. Meds?