It was a plugged-in reader that caught The Hayes increasing the list price on 55 Page #222 from $699,000 to $850,000 (21.5%) right before their 72-hour sale kicked off. When it didn’t move during those 72 hours, it was once again listed on the MLS for $699,000.
Yesterday 55 Page #222 closed escrow with a reported contract price of $570,000. That’s either eighteen (18) percent under its post-sale list price, or thirty-three (33) percent under its “pre.”
And at 1,124 square feet it’s $507 per square foot for this two-bedroom (well below the $640 average for these other four).
The Hayes 72-Hour Sale (And Up To 20% Off According To A Tipster) [SocketSite]
Contract Prices Behind Six Recently Closed Condos At The Hayes [SocketSite]

Comments from Plugged-In Readers

  1. Posted by Sanford

    maybe it’s an Intracorp thing. There are several listings for Alterra that were increased last week. Do a google blog search, someone posted about it.

  2. Posted by spencer

    still too expensive for the Hayes… mid maret. busy street. no views. plenty of homeless and addicts.
    the rpevious buyes basically jsut lost their downpayments with this comp

  3. Posted by tipster

    FHA with $18K in state and federal tax incentives: what downpayment?

  4. Posted by Rex

    You can’t get a spot approval for FHA loans at The Hayes…the HOA needs to be in the homeowners’ hands for at least one year…automatic disqual, tipster.

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