Just to give you an idea of how much influence the right price have on the market-ability of a property....
This house was first listed in October for $549k. It was reduced to $499K in November, and reduced again in February 25 to its current list price of $450K ($99k less!). It finally got an accepted offer on Feb. 28, 3 days after the las price reduction, and 136 days after it first went on the market.
It's very nicely staged...but even the best staging can't help an overpriced home.
Today, it's not only about location, location, location. Now, it's more about price, price, price!
The home is Pending. It went Pending on 02/28/2009, and we won't know what the Sale Price is until it closes Escrow. It was listed for $450,000. After it closes escrow, we'll know the sale price, because it could have sold for more or less than the listed price.
If you are looking in the El Cerrito Area Silva, you can check out the homes in that area at my Web Site, and get the current homes on the market now. If you have any questions, you can contact me at:
Have a Great Day Silva.
Old West Realty Inc.