We half-joked yesterday that when a home sits for 30 days in this market, it almost seems like a "crisis."
Where's my bidding war? Where are the all-cash offers?
Well here's a case of a home that took 5 full years to sell.
906 9th (6br/7ba, 5425 sq. ft.) is a Hill Section spec home that first came out in April 2010 asking $4.695M.
Along the way, asking prices dipped as low as $3.895M.
It's been rented out for much of its time since completion.
Around this time last year, 906 9th came to market asking $4.895M. It hung around for 9 months.
Finally, this week, it sold. The new closed price: $4.300M, somewhere in between the up-and-down asking prices of the last few years.
But now, through some combination of persistence, timing and luck, it's done.