For months we’ve been keeping our eyes on the steady uptick of San Francisco listings that have languished in the market and have finally succumbed to the dreaded scarlet “r” (i.e. reduced). We’ve seen nothing, however, to rival what’s starting to happen in New York. Can you believe a million dollar price drop on a $2.4m penthouse listing? Yes, a drop of over 37%.
So now that a 1.2% reduction at 199 New Montgomery doesn’t seem so interesting, perhaps some of our loyal readers would be so kind as to point us in the direction (i.e. email [email protected]) of any local listings that seem to be following in New York’s footsteps. Anonymity guaranteed for all agents. Really.
∙ PENTHOUSE HIT$ ROCK BOTTOM [NYPost]
∙ REDUCED!! OFFERS ANYTIME [SocketSite]
∙ The New New Pricing Thing? [SocketSite]
∙ Housing Prices Always Come Back [SocketSite]