In a surprise turn of events a home in the Catalina Foothills sold today for over list price. $984,900 (LP) - $991,861 (SP) Yup! It happens.
And meanwhile, casting doubt on the widely-held belief (mine included) about the negative effect of high days on the market on sale prices. This had been on the market for 282 days. And still sold for over list.
And aside from playing a funny little numbers game with the price, it wasn't really reduced in a meaningful way from the time it was first listed. The price went down a teeny bit, then up a teeny bit, then down ...
It was first listed for $933,320 on 7/30/07. And within days the price dropped to $930,025, then to $912,358. Interesting numbers, eh.
For the second act, the price was increased in similar fashion in teeny little increments, to $919,696 and so on, until it reached it's crescendo of $1,009,919. For the final act, it settled in at the rather ordinary but obviously compelling price of $984,900.
Anyway, funny little numbers aside, it sold for over list. Today.
Applause Applause!
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