lol
this house been in the market for 23 days
your zestimate at it at $453k
they are selling it at $433
that's a $20k lost
that the thing with housing, antique, and etc...
you can give it any price you want.
shoot, give it a $1 million price tag
but unless you sell it for $1 million
that's is what we call
UNREALIZED LOSE/GAIN
You are missing the point here as well.
You are quoting a condo in sf at 1 bedroom and 1 bath at a ridiculous price. You expect people to buy it on the first day at that pricing?
The housing market in the bay area are saturated. Meaning that it has popped too high to sustain a good enough appreciation rate. If you know this, you can be the weak hand that will sell your house or try to sell it by dropping the prices lower and lower to catch a buyer.
It is still a cat and mouse game. Lets say that the estimated pricing is at half a million. Why put it on the market at half a mil versus someone who puts it about 480K and consider that you are in a hot market? This will catch buyers to bid up the prices.
Let me guess. You never sell a house ever? Until you do, you will never know the other half of the battle.