In my neighborhood, builder is getting $900K and a year to build. Recent comparable resales have been in the $700-850K range (about $275-310 /sqft).
At the moment, there are NO homes for sale less than $1M. I’ve had several realtors give me estimates at about $700K.
My house is nothing “special” but I would like to get $750K (about $300 / sqft), bearing in mind the $1M competition.
What’s wrong with my thinking??? Aren’t the realtors hurting for business with no inventory?