What to do when another condo in your building (1755 Jackson) hits the market for $150K less than you’re asking, offers the same square footage is larger (1985 versus 1906 sqft) and configured as a 3/3 (versus a 2/2.5), and boasts two in-building (versus down the block) parking spaces? Perhaps drop the price by $100K.
And if possible, re-list on the MLS without the unit number in order to obscure the DOM and price reduction (1755 Jackson #303 was originally listed at $1,495,000 $1,625,000).
In either case, and as always, don’t forget to invite us to the housewarming(s).
UPDATE: Apparently the most recent reduction to $1,395,000 wasn’t the first as #303 was listed at $1,625,000 back in January, and #303 is actually 79 sqft smaller than #201 (thanks Kimberly).
∙ Listing: 1755 Jackson St. #303 – $1,395,000 (2/2.5) [BJ Droubi] [MLS]
∙ Listing: 1755 Jackson St. #201 – $1,345,000 (3/3) [Coldwell Banker] [MLS]
∙ The original Those Damn Neighbors [SocketSite]
Actually, this unit was originally listed at $1.625m … I saw it in January at this price and still have the flyer. Also, the actual square footage is 1906 square feet, as was pointed out by the agent when I visited the unit. She mentioned that the 1985 square footage number was a “typo.” Funny that 3 months later after several amendments to the listing they still haven’t managed to fix this “typo.”