Articles Filed Under: RealRecentReductions

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Single Price Reductions Are Just So Early January

Single Price Reductions Are Just So Early January

Guessed wrong Overly optimistic about the value of your listing? You’re not alone. Looks like “Second Price Reductions” might be a growing trend as you can add 897 Hayes Street (reduced $200K and advertising: “Second Price Reduction – – Bring all offers”) to the list. ∙ Listing: 897 Hayes... Read More »

Update: 2918-2924 Pine Street Price Reduction

The information continues to flow with regard to the recent price reduction of 2918-2924 Pine Street. Apparently it was Hill & Co. that lost the listing, and this is actually the second time the price has been reduced (from an original $1.6m). Despite what the listing advertises, it’s now... Read More »

Another Broker Kicked To The Curb

2918-2924 Pine is back on the market with a new broker, and a new price to match. The property is now listed at $1.3M, a $250K (16%) drop from the original asking price of $1.55M. And insiders tell us that the owners walked away from a below asking offer... Read More »

RealRecentReductions: 1914 Greenwich Street

RealRecentReductions: 1914 Greenwich Street

“Reduced $155K – Look Again” the listing begs (that’s a discount of 6.6% on a new listing price of $2.195m). The house is in a great location, and it’s spacious, but it still needs a lot of updating (just take a look at the kitchen). And only one parking... Read More »

Inconceivable!

The listing for 66 Cleary Court #708 reminds us of that immortal quote from Inigo Montoya in The Princess Bride: “You keep using that word. I do not think it means what you think it means.” This listing touts a “$24K drastic price reduction!” on a listing price of... Read More »

2967 Pine Street: New Broker, New Price

2967 Pine Street: New Broker, New Price

It might be listed as “On Tour as New”, but we know better. 2967 Pine Street is back on the market with a new broker and a new price. Apparently Sotheby’s has been kicked to the curb (the property is now listed with Brown & Co.), and the price... Read More »

Those Damn Neighbors

Those Damn Neighbors

The listing price for the two bedroom house at 2401 Vallejo has been reduced $230,000 (to $1.99m). The property had been sitting on the market at $2.25m when their next-door neighbors put their more modern house on the market for $1.95m. Those damn comps (and neighbors). ∙ Listing: 2401... Read More »

You Can Relist, But You Can’t Hide

It’s a dirty little secret of the real estate trade: relist (or in this case, change agents) in order to obscure a dramatic price reduction for a property. And it probably worked a lot better before SocketSite (and our readers) joined in the fun. From a reader’s tip: “240... Read More »