Articles Filed Under: RealRecentReductions

(762 posts)

A SocketSite Guide To Price Reductions

Ever since we pointed out that $24,000 “drastic” price reduction, we’ve been wondering: what’s the difference between a “drastic”, “big”, “major” and “Huge” price reduction? Well, we now have answers! Based on current listings, it appears that while a “drastic” price reduction is $24,000, a “BIG REDUCTION!” is $51,000,... Read More »

One Listing, Two Perspectives

One Listing, Two Perspectives

We’ve had our eye on 1001 California #7 for quite some time (and not because it has two fireplaces). One, because it’s just plain gorgeous; two because it was marked down from at least $3,675,000; and three, because the listing was recently advertising “Seller will pay two years of... Read More »

Did Somebody Just Get Zillowed?

Did Somebody Just Get Zillowed?

According to Zillow.com, the house at 2257 Green Street last sold on 5/15/2000 for $3,000,000 and should now be worth (approximately) $3,770,914 (give or take half a million). What’s interesting is that 2257 Green failed to sell when it was listed at $3,495,000, and was recently reduced to $2,595,000... Read More »

Third Time (And 50% Off) Is Definitely A Charm

Third Time (And 50% Off) Is Definitely A Charm

A reader’s tip (thank you!) led us to dispatch a team to 2257 Green Street for this morning’s broker’s tour. We’re not sure if it was the free catered brunch, the property itself (gorgeous views and a fantastic remodeling), or the fact that the listing price has just been... Read More »

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 »