Monday, May 21, 2007

A Number Of Notable Reductions (For One Reason Or Another) at SocketSite™

Even though this might just be a blip in the overall market direction, but it is still quite nice to see some reversal to sanity.

A Number Of Notable Reductions (For One Reason Or Another) at SocketSite™:

745 Detroit: Master Bath (Image Source:residentphotography.com)

After just over a month on the market, three recent reductions caught our attention (for one reason or another):

1. 745 Detroit was reduced $105,000 (6.2%)
2. 3840 Market Street #301 was reduced $200,000 (12.1%), and
3. 20 Villa Terrace was reduced $780,010 (31.2%)

The reasons? The great (and sometimes not so great) neighborhood debate, an agent owner, and just one honkin big reduction. Yes, in that order.

∙ Listing: 745 Detroit (3/2.5) - $1,595,000 [Sotheby’s]
∙ Listing: 3840 Market Street #301 (3/2.5) - $1,450,000 [MLS]
∙ Listing: 20 Villa Terrace (4/3.5) - $1,719,990 [MLS]
∙ Not Just Cool But “Uber Cool” In Sunnyside [SocketSite]"

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