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What's up with Corona, CA real estate prices?

WOW!! I have a listing coming up in Corona, CA which is outside my area by about 15 miles . In doing my homework to price the home appropriately, I decided there is no appropriate price based on "Active" listings and since only 3 homes have sold in the last 3 months, comps aren't much help either. For example:

One model match is on the market for $450,000 and another is $575,000 with no significant difference.

The larger model has a recent sale of $620,000 and there is a model match on the same street listed for $750,000.

Do sellers not read the paper? Are agents just bidding higher to get the listing only to have to take their sign down in the Expired walk of shame?

Posted Tuesday Nov 13