This time in Alta Vista, 6661 N Placita Alta Reposa, listed for a cool million, found a buyer today after 470 days of searching – first listed at $1,150,000 then at $1,100,000 and reduced last week to $1,000,000, and that did it. Just like the house I mentioned yesterday that got lucky as soon as it dropped to a cool $1,000,000.
6661 N Placita Alta Reposa , Tucson, AZ 85750 (lnk expires 2/17/15)
(listed by Long Realty)
Ancient History 101;
Alta Reposa sold for $1,200,000 in 2004 and was listed for $1,795,000 in January 2009.
And maybe it just seemed like the thing to do, because so many others were doing it.
Listing their homes for comically astronomical amounts while we were in the throes of the biggest financial meltdown in modern times. As if, because ground zero for the meltdown was NYC, it somehow had nothing to do with us here in sunny Tucson. And none of them sold for those pie-in-the-sky prices. And the lucky ones that didn’t end up in foreclosure, ended up selling years later for pennies on the $$. Ahem!
For extra credit, here’s more fascinating reading from those wonderful days of the financial meltdown - they're comin' outta the woodwork < > I don't know what, or if, sellers of over-priced homes are thinking > trying to sell your home
I could write a book on this stuff, a short and boring one, for sure.
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