Latest Price Cut: Right on Time
Want to guess when — and how much — the next price cut will be, if it still hasn’t sold?
–“What Does a Motivated Seller Look Like?“; City Lakes Blog (9/3/09)
A week ago, I posed the question above after noting this series of price reductions on a Minnetonka home currently on the market:
7/17/09: old price – $595k; new price – $585k
8/7/09: old price – $585k; new price – $575k
8/19/09: old price- $575k; new price – $565k
8/26/09: old price – $565k; new price – $555k
9/3/09: old price – $555k; new price – $545k
Sure enough, the listing history has a new entry as of this afternoon:
9/9/09: old price – $545k; new price –$535k