MBC notes the re-listing of 2507 Valley at a, COUGH, reduced, COUGH, price of $1.999m.
When this house came (back) on the market in early March, it began at $1.999m. Within days, it was re-priced at $2.099m.
MBC mocked 2507 Valley and another listing at 2305 Pine for their post-listing price increases.
Since the…
MBC notes the re-listing of
2507 Valley at a, COUGH, reduced, COUGH, price of $1.999m.
When this house came (back) on the market in early March, it began at $1.999m. Within days, it was re-priced at $2.099m.
MBC mocked 2507 Valley and another listing at
2305 Pine for their
post-listing price increases.Since the tactic didn't work, this week, 2507 Valley got a fresh new MLS number and a price reduction. Achem.
These sellers really have a problem with pricing. In early 2006, they began at $2.249m. No takers. At $2.1m and $2.0m, no takers.
Here are the tactics that haven't worked to sell this property:
- Holding out for your price
- Reducing the price a bit
- Increasing the price
- Going on and off the market repeatedly over 14 months
- Waiting for the "right" buyer
- Re-listing over and over to cover the trail
There's just one thing MBC cannot see on that list:
A substantial price reduction. It would seem the market is saying it, but the sellers aren't hearing it.
It's strange that this sale is taking forever. On the face of things, you'd think the sellers have room to maneuver. They paid $1.54m in February '04.
Alas, alack, the MLS description now screams:
"Subject to short sale!!"Uh-oh, sellers.What did you do with the $400,000 you borrowed against your house?!?
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of July 27th, 2024 at 9:20am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.