You may recall that: (1) this house is really in North Hollywood; and (2) I was shocked and appalled at the list price. After my post, the home went through a series of reductions:
Price Reduced: 07/02/07 -- $780k to $769k
Price Reduced: 07/17/07 -- $769k to $764k
Price Reduced: 07/18/07 -- $764k to $759k
Price Reduced: 07/23/07 -- $759k to $754k
Price Reduced: 07/27/07 -- $754kto $749k
Then it went inactive only to come back on the market at $749k with a new MLS number. Well, anyhoodle, guess what?
It was reduced again. Uh-huh. Was so.
Price Reduced: 08/25/07 -- $749k to $699k
Price Reduced: 10/02/07 -- $699k to $679k
(down 12.95% from original list price)
But, at $685 a square foot, it's *still* too expensive. The Zestimate™ is $592,479 and even that's generous. At this point, I think he'd be very lucky to get $550/sq.ft. (or $521k). If he doesn't get realistic soon, it's only going to be worse.
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