Thursday, November 8, 2007
A sign of times to come (I hope)
Check this out: MLS # 235876.
This is a 2-bed plus den, 2 bath 1174 SF steel and concrete construction (1974) condo on Johnson St.
Original asking price was $239,900. It sat on the market for 49 days. It sold today for $198,500. That's a $41,400 reduction for 17.3%!!!! I haven't seen a reduction like that in the low-end condo market yet.
Now I know nothing about this building. It has a high monthly assessment of $295 which leads me to expect that there is work to be done, which is normal for buildings of this vintage.
Good work barbers, good work. Keep this coming.