You’ve probably heard of home expansions. But have you ever heard of home contractions?
This one did.
When the home pictured above first came on the market more than a year ago, it was billed as 3,937 FSF. After showing the home, I opined that that was dramatically high (“Too Good To Be True“; 7/26/2008).
Well, I was was right.
After six months on the market, the listing expired in January.
Then, yesterday, it re-appeared.
New Realtor. New asking price ($349,900). And, drum roll . . . new FSF: 2,754 — or 30%(!) less.