Thursday, July 12, 2007

"Reduced! Reduced! Reduced!" Eh. Not so much. (Y2/M3/D12)

The MLS description reads: "Reduced!Reduced!Reduced!Priced to sell-great sherman oaks 3 bedroom+3 bath home w/pool+spa.... blah blah blah ....Electric gate to garage and yard-priced to sell!!!"

Well, let's see if it's really "priced to sell" after being "Reduced! Reduced! Reduced!" Shall we?

Price Reduced: 05/24/07 -- $899,000 to $885,000
Price Reduced: 06/05/07 -- $885,000 to $875,000
Price Reduced: 06/26/07 -- $875,000 to $850,000

Ummm, if it wasn't priced to sell at $899k, it's not priced to sell at $850k. That's less than a 6% reduction. If you really really want it to sell, I'd go to $785k. But what do I know?

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