Notable Price Cuts
A: That time again. Here are some price cuts over the past 7 days that might interest you. We are about to enter a period of time where sellers get convinced that the real estate market picks up tremendously due to wall street bonuses. So, I would expect a slight slowdown in price cuts in January & February and would interpret aggressive price cuts as a sign that the seller is very motivated to move the property. Keep your eyes open for deals if you know you will buy in the next few months!
Lets get right into it.
400 West 23rd Street: Apt 5J
First Came on Market: 6/26/2006 at $540,000
Asking Price Now: $469,000
Reduced From: $499,900
maintenance: $617
Size: 580 SFT
PPSF: $809
Marketed By: Eleni Metaxa of Citi-Habitats
First Came on Market: 11/24/2006 at $349,000
Asking Price Now: $285,000 (2 Price Cuts in 5 Days!)
Reduced From: $299,000
maintenance: $650
Size: N/A
PPSF: N/A
Marketed By: Lily Hu of Corcoran
First Came on Market: 9/19/2006 at $775,000
Asking Price Now: $675,000
Reduced From: $725,000
maintenance: $685
Size: N/A
PPSF: N/A (Triplex)
Marketed By: Anne Cynar
First Came on Market: 9/11/2006 at $895,000
Asking Price Now: $750,000
Reduced From: $795,000
maintenance: $103
RE Taxes: $494
Size: N/A
PPSF: N/A
Marketed By: Reid Price & Brett Miles of Corcoran
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