I realize my reports of one contract after another in PC may be getting very tedious, but it’s Pima Canyon, what can I do, I can’t ignore it. So I’ll at least try to make this one interesting …
7303 N Mystic Canyon Drive – first listed in February 2010 for $1,127,000 and failed to sell -
is reported in contract, currently listed at $799,900 ($222/sf) – down about 33%.
You may recall that last March they announced a really creative approach to pricing this house. They announced right in the listing that they were going to drop the price $5000 every week until it sells. Is that a nifty idea or what. And, as you can imagine, if buyers weren’t breaking down the doors before, why rush to make an offer now that you stand to save a bundle by just sitting back and waiting. And time went by but no one took the bait. So they scrapped that idea and went back to the more traditional tactic of dropping $50k or so, unannounced in advance.
and PS- this may very well take the cake for the lowest $$/sf sale in PC in many moons. (that is, not counting a few foreclosures that were ripped apart and needed $250k or more to put them back together)
7303 N Mystic Canyon Drive , Tucson, AZ 85718
(listed by Coldwell Banker Residential Br 70207)
