This morning, an interesting scenario popped up in the listings I receive through my RSS feed reader.
Tobey could give you his thoughts but he and I would rather hear what you think …
- October 20, 2008 – home listed for sale at $339,000
- November 3, 2008 – price reduced to $299,000
- November 7, 2008 – price reduced to $290,000 in conjunction with an open house
- December 11, 2008 – price raised to $295,000
- December 5, 2008 – price reduced to $290,000 for another open house
- December 21, 2008 – priced reduced to $289,900
- December 27, 2008 – price raised to $290,000 for another open house
- January 8, 2009 – price reduced to $285,000
- January 22, 2009 – price reduced to $275,000
- March 31, 2009 – price reduced to $274,900
- July 2, 2009 – price reduced to $269,000
- Friday – home taken Temporarily Off Market
- Saturday – listing activated, price increased to $284,900
There were only two sales in this subdivision in the month of July, one on the golf course over $300,000 and the other not. This home also sits on the golf course.
So what is happening here? Is the seller raising sail at the first hint of wind or is he ignoring the dark squalls on the horizon?
You make the call.
P.S. If you use an RSS feed reader and would like daily listings delivered to the reader, drop me a line … all of the listings on all of my websites also are available in RSS. And I also take requests.
[tags]Phoenix real estate[/tags]