Listing price, shmisting price!
By Glenn Roberts, Jr., Tuesday, October 23, 2007.
A Web site -- SFHousePrices.net, details price increases and price declines for San Francisco-area homes. The Web site is in a blog format, with individual posts for each property that chronicle all of the price changes for each property. Price increases show up highlighted in green and price decreases show up in red.
A post today on the site, featuring a property in San Francisco's Bayview neighborhood, shows that the property was listed for sale on May 10 for $798,000. The list price was reportedly reduced by $50,000 on June 21 and then raised $50,000 on Oct. 23.
An as-is, under-construction property in the Monterey Heights area of San Francisco, meanwhile, has gone through some substantial price changes -- the discrepancy, says the listing agent, is the result of ongoing construction, as the initial listing price set by another company in March was based on the post-construction value of the property.
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