It’s so hard to keep up with these damn fads. While “Priced to sell” was our catchphrase of the month this past August, it’s looking like “Motivated” is giving it a run for its money in October:
1. “Very motivated seller….Bring offers now!” (On the market for a little over two months, and already reduced four times, 225 26th Ave #3 is now being offered at $130,000 (12%) below its original list price)
2. “Price reduced $120000..Owner motivated” (2186 Sutter has been on the market for 70 days and reduced twice – now 10% below original list)
3. “Seller motivated!” (After just two weeks on the market the list price for 647 29th Ave was reduced $100,000 or 8%.)
UPDATE (9/10/06): Right after we published this post the listing for 225 26th Ave #3 was withdrawn and relisted under a new MLS number and price ($975,000). Gone are the references to the “Motivated Seller” and past reductions. Now about that so-called MLS policy on “refreshing”…
Catchphrase Of The Month: “Priced To Sell” [SocketSite]
∙ Listing: 225 26th Ave #3 (3/2) – $970,000 [Vanguard] [MLS]
∙ Listing: 2186 Sutter Street (4/2.5) – $1,075,000 [MLS]
∙ Listing: 647 29th Ave (2/2.5) – $1,090,000 [MLS]

Comments from Plugged-In Readers

  1. Posted by eddy

    Why oh why wont they put any pic’s of the sutter street listing. There was also a comercial listing for the bldg’s retail space out there too. Anyway, the listing sounded good, but I didn’t go because I didn’t see any pic’s. If they were at all “motivated” maybe they would have snapped a few photo’s and posted them on MLS!

  2. Posted by Dude

    How about, “Catch the falling knife!”
    Or, “Must sell ASAP: need to make a six figure profit before the next fool gets stuck with 3-5 years of negative equity!”
    Coincidentally, isn’t it an oxymoron for something over $1 million to be labeled as “Priced to sell?” In this city, I think you need to go under $600/sq. ft. before it’s really priced to sell.

  3. Posted by eddy

    Looks like the reduction on the sutter street listing did the trick. Amazing what a 10% haircut will do to a stagnate lisitng! Good move by the agent and/or seller. Wonder if they got a bidding war or accepted a lower than asking price???

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