November 26, 2007

The Cost Of Failing To Accurately Manage (Market?) Expectations

723 Bay Street Patio

It was almost two months ago that we noted the ceiling of 723 Bay Street (with which we were quite enamored along with the master bath and patio).

And while we didn’t point out the $155,000 (7.2%) price reduction last month, we are pointing out the additional $220,000 (11.0%) price reduction that occurred last week. And the situation (which might make it an opportunity, and also serve as a warning, for a truly plugged-in person): “…must sell…owner in escrow on another property….”

∙ Listing: 723 Bay Street (2/1.5 and 1/1) - $1,775,000 [MLS]
What Can We Say, We’re Suckers For A Nice Ceiling (723 Bay) [SocketSite]

First Published: November 26, 2007 3:00 AM

Comments from "Plugged In" Readers

Posted by: eddy at November 26, 2007 9:21 AM

Nothing to see here folks! Prices are not declining in prime areas. And never mind the exterior of this building. *Every* old building SF is an architectural masterpiece that should be preserved at all costs!!!

Posted by: Jimmy (Bitter Renter) at November 26, 2007 10:21 AM

Pretty surprising this place is still sitting on the market with views and an interior like that...

Posted by: Foolio at November 26, 2007 11:30 AM

Why does 723 Bay Street entrance have the curb appeal of a Mission Street taqueria?

Posted by: Casual Observer at August 24, 2008 7:56 AM

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