As a number of readers have noted, the list price on 1307 Bay Street #3 in the Marina has been reduced for a fourth time (now listed at $1,069,000). Why’s that relevant? Well, you might want to look at the comps.
A new addition to the listing for 2021 Webster: “seller relocating.” And another new addition (or perhaps subtraction): a “drastic” price reduction of $499,200 (14.3%). Yes, even with the reduction it’s still listed at $700,800 over what the seller paid eight months ago. And no, it still doesn’t appear that any major work was done on the house during that time.
And while it’s still $495,000 over what one reader would consider a “grand slam” price (for the sellers), the price on 3383 Clay Street has been reduced another $500,000 (now listed at $3,495,000). Oh, and the asking price for the bones of 646 Balboa has been reduced $346,000 (26.7%). It’s now listed at $949,000.
And while we haven’t actually mentioned 2502 Leavenworth before, we can’t help but note last month’s “Dramatic price reduction!” of $955,000 (14.8%). We probably would have gone with a reduction of $1,000,001 and “Over a million off!”, but hey, that’s just us.
∙ Damn Those Direct Comps In The Marina (1307 Bay Street) [SocketSite]
∙ As Far As We Can Tell, Not Much Has Changed (Other Than The Price) [SocketSite]
∙ Three Good Sized Homes, Neighborhoods, And (Mostly) Reductions [SocketSite]
∙ That’s A Lot Of Lot Value (646 Balboa) [SocketSite]
∙ Listing: 2502 Leavenworth (5/4.5) – $5,495,000 [MLS]