Articles Filed Under: RealRecentReductions

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They’re Back!

They’re Back!

As we expected, at least 7 of the listings in the 776 Tehama/1277 Howard development are back on the MLS with…wait for it…new pictures, new MLS numbers, and new prices. So while it might appear like the units have only been on the market for a week, they’ve actually... Read More »

We’ve Added “Fantastic” To The List

We’ve Added “Fantastic” To The List

Not “Dramatic”, “Drastic”, “Big”, “Major”, or “Huge”; but rather a “FANTASTIC PRICE REDUCTION!” for 65 Saint Germain (reduced by $625,000 (11.1%) and now listed at an even $5,000,000). Update: A day after we noted the “FANTASTIC” $625,000 reduction, Hill & Co. dropped the price by another $500,000 (now listed... Read More »

When “SOLD!” Really Isn’t Sold

When “SOLD!” Really Isn’t Sold

Despite being marketed as “SOLD!” over the past six weeks, we recently noticed a listing for 776 Tehama #9. As we previously noted, #9 is a Below Market Rate (BMR) unit and will be offered through the Mayors Office of Housing for $247,566. Not a bad deal considering that... Read More »

A Premature Reduction?

A Premature Reduction?

After a whopping eight days on the market, the asking price for 32 Arnold Avenue was reduced 5% from $875,000 to $829,000 (according to ZipRealty). We can’t help but wonder: a lack of patience, a lack of pricing acumen, or a lack of reality? Listing: 32 Arnold Avenue (2/2)... Read More »

Is It The Location, Market, Or Peskin?

Is It The Location, Market, Or Peskin?

When two months on the market and $30,000 in reductions (per unit) doesn’t get it done, perhaps another round of “MAJOR” reductions (between $30,000 and $70,000) and a deadline (“OFFERS DUE FRIDAY MAY 26 by 5:00PM”) will do the trick. Rest assured, we’ll be checking in on the 27th…... Read More »

Yet Another Cut

Yet Another Cut

Ladies and gentlemen, it looks like we have a new RealRecentReductions record! The asking price for 1106 Shotwell #A has been reduced for a 5th time (now $280,000; down $19,900, or 6.6%). And no, no Ellis Act or Owner Move In (OMI) evictions on record (according to the listing).... Read More »

On To Plan R

On To Plan R

When a “cleverly disguised remote controlled hidden bed” doesn’t get the job done, perhaps a “HUGE PRICE REDUCTION!” and “SELLER CREDIT TO BUYER 1 YEAR HOA DUES” might help. Then again, when the “HUGE PRICE REDUCTION!” is only $20K (or 4%), maybe not. (And it’s a sure sign they’re... Read More »

New York Times Not Fact Checking?

The New York Times pronounces “A Chill Is in the Air for Sellers,” especially in San Rafael. In principle we agree, but based on what we know about the market, something just didn’t jibe with at least one part their article. So we did some quick fact checking. From... Read More »

Huge Reduction(s) At 1081 Pine Street

Huge Reduction(s) At 1081 Pine Street

We’ve often wondered what lies hidden beneath the relatively modern exterior of 1081 Pine Street, and thanks to Joel Goodrich, now we know. Unit #401 is currently listed at $2,489,000 and boasts a “Huge Price Reduction of $406,000!”, while unit #201 (currently listed at $1,395,000) is apparently a bit... Read More »

Four Paper Cuts

Perhaps a new record (and trend?): four price reductions over two months. Part of a newly formed four unit TIC, 1106 Shotwell Street first hit the market almost five months ago on 11/21/05. Unit A was originally listed at $360,000 and was reduced to $349,000 in January; to $339,000... Read More »