“The second, Pringle Hill listing is striking and the view is great for that area. The buyers who got that one for $650K were lucky.”
I agree, this is one of the best deals I have seen in a while but then again not that much is selling these days. The question is did the seller panic or has the market actually moved down to that level? Honestly I have been over the recent sales in the area and I don’t see anything resembling that deal especially when considering the view. In any market, it is always possible that a deal will happen at a below market price and that may be what happened here. They took $75k below their lowered asking price of $725k shortly after two large price reductions so they were obviously very motivated at the end:
Price Reduced: 08/02/2010 from $829,000 to $725,000
Price Reduced: 07/20/2010 from $899,000 to $829,000
