It took 300 days to break their will, but today the sellers at 2812 Elm have reduced their price.
First, kudos are in order: This property has never been "re-listed." (A credit to LA Cindy Shearin, Real Estate West.)
The obstinacy of the sellers has been on full public display since Sept. 13, 2006, when they began at…
It took 300 days to break their will, but today the sellers at
2812 Elm have reduced their price.
First, kudos are in order: This property has never been "re-listed." (A credit to LA Cindy Shearin, Real Estate West.)
The obstinacy of the sellers has been on full public display since Sept. 13, 2006, when they began at $1.769m and then never budged.
The sellers wanted their $1.769m in part because they paid almost $1.6m in June 2005. Though they sought a 12% premium only 15 months later, surely they just considered that to be normal appreciation that the market would recognize in time.
For a home in a nice location with great curb appeal (as well as 4br/4ba, 2500 sq. ft.), the sellers almost won their bet, but then they didn't.
The new price is $1.699m, down $70k of the $185k extra the sellers had sought. More importantly, they're finally saying they might be ready to deal. (A good thing, because buyers may still think they're high by $100k-$250k.)
Another dawning: Over at the oft-referenced
758 14th St. in Arbolado Court (in order, see
here,
here and
here), the sellers are now down to
$1.799m from $1.860m.
We are slowly approaching a list price equivalent to the $1.695m they paid last July 21.
It's progress, in that we've now seen almost $200k chopped off asking, but it's still possible that buyers are saying "no, thanks" because they don't think the market has moved up at all since last Summer.
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 29th, 2023 at 9:01pm 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.
