Twenty-one months ago 1515 Lyon was listed at $1,450,000. Two weeks later the asking price was reduced to $1,350,000. And five months after that it closed escrow with a reported contract price of $1,275,000 (on 10/25/06).
Back on the market with a list price of $1,389,000 (and no permits to suggest any major renovations), a sale at asking would represent annual appreciation of 6.4% over the past couple of years. And if you plan on playing the “I told you so” card (when it sells for over, under, or at asking), now’s the time to go on record with your “tell.”