A 3-week experiment with a price increase now has been called off at 923 1st.
As we noted earlier this month (see "One Up, One Down"), on May 6, the list price for 923 1st shot up from $7.375m to $7.595m, same as the price from March 26-April 28. There were just 8 days to catch the discount then.
Today, the price is…
A 3-week experiment with a price increase now has been called off at
923 1st.
As we noted earlier this month (see "
One Up, One Down"), on May 6, the list price for 923 1st shot up from
$7.375m to
$7.595m, same as the price from March 26-April 28. There were just 8 days to catch the discount then.
Today, the price is down again to
$7.350m,
$25k below where it stood from April 28-May 6, so it seems buyers didn't completely miss out on a bargain here.
It's hard to figure what's up, but it's not hard to imagine some terse meetings about pricing. (We're guessing.)
The listing began at
$7.998m in early January, so it's now
down $648k (-8%) from there.
The home is spectacular in many ways, and would be an especially great place to visit for a rollicking pool party. (See "
Unpredictable.") In fact, in that alternative universe in which your blog author is a single guy with deep pockets entertaining the rich and famous, it'd be a spectacular choice for a radical pad – big views, big fun.
Alas, it's not a family home, and that sticker price
(er, those various sticker prices) doesn't work but for a few. We still think there will be quite a bit more cutting to come if a deal is to be made.
Another Hill Section listing that recently made a bump,
312 S. Dianthus, is standing firm for now at
$3.749m, a boost of $259k
(+7%) after it began at $3.490m. We'll check in later to see how that's working out.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 18th, 2024 at 11:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.