Don’t get excited about price reductions. Many sellers are pricing their homes $100k over what they are worth to see if the market is hot enough to “bite”, then they get forced into a reduction to get it sold. There is a 900 square foot, 1 bedroom 2 bathroom row home for sale on the busiest street corner in hillcrest right now for $579,000. There is NO WAY any buyer will pay that much for that home, especially with all the traffic noise on that busy street corner, and the tiny size of the home… So that one is a reduction waiting to happen on Robinson. It’s a prime example of how someone compensated for the tiny size of their home and the poor location by over-upgrading, let’s hope the seller gets some of their money they paid for all those upgrades back.
700 square foot condo in Alicante, on 3rd floor with pretty much no views.. 1 bedroom… $359k.. Again a reduction waiting to happen.
Egyptian had a 1 bedroom for $350k… Reduced to $320k. Finally in escrow to a buyer with 50% cash down. LOL No one wants to pay $350,000 for a 1 bedroom AND Pay $420 a month in HOA dues.
