I was doing some research and came across a listing for a condo that came back on the market this past week.
(click on image to resize)
As you can see, the property was listed for the first time six months ago at $349,000. Twelve days later the price was adjusted upward to $389,000. Apparently there were no bites at the new price and the listing expired two months later, in August.
The property came back on the market after a couple of days had passed, this time with a new agency and a new price. It sat for the next four months without any apparent activity.
Then it was listed again this past week, with a new agency.
Do you think the agencies weren’t doing a good job of marketing the property and this is why the owner relisted it twice? Who do you think set the original price and why was it raised just two weeks after going on the market?
It will be interesting to see the ultimate sales price.
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