My last post on 933 25th was back in January.Listing History: 10/22/09 - $4,488,000
Reduced: 01/13/10 - to $4,250,000
Reduced: 03/06/10 - to $3,895,000
The first price cut was just 5.3% and I said: "I think they should have cut to below $4mm to show they were serious."
Well, now we are below $4mm and this last price cut was 8.4% so we are doing a little better. I still think they are asking too much and that another price cut is going to be needed.
Maybe this is why I don't work in the real estate field, but I can't understand why they didn't price it lower to begin with. They never had any shot getting almost $4.5mm for this, let alone over $4mm. The holding costs have to be gigantic...
this looks exactly like 402 20th which went for -1.5 million asking price. Is it the same developer? Hopefully he gets burned on this one as well.
ReplyDeletecheck out the home on 610 24th. way overpriced. i hear that this is going to sell for around $2.55
ReplyDeleteTwo lots away from a massive 2 yr. building project..who in their right mind would want to hear all that noise for $3.8 million?
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