Asked by R J, Pasadena, TX • Tue Jan 6, 2009
House went on the market in Oct. Asked 878K. It appraised in Sept at 840K before the remodel. Dropped it to 848K in Dec. (now 345. per sq ft.). Have had lots of views and positive feedback, but no serious offers. Now our realtor is asking us to drop it below 800K- but the house has only been on the market 70 days. The house next door (2935 Hermanos) sold in Dec at 399. per square foot (180 days on market) but if we were to take the realtor's new advice, we would be asking only 325. per sq foot for a house in much better shape. The average market period for a home in Pasadena is 140 days @ $400 per sq ft. I think we should sit tight awhile.Dropping it another 49K seems foolish this soon.The market is only losing 2% per month value. Am I making a mistake? The realtor seems anxious to sell.
This question is about this property: http://www.trulia.com/property/1068945248-651-N-Sunnyslope-A
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