Here’s another update on the properties I’ve been following in my neighborhood. The house I was watching never did sell, it would seem. After stagnating on the market for over three months and lowering the asking price by 8.5%, there still were no takers for the “cozy” house. I would guess that the owner was making an attempt to cash in on the real estate madness, and since they weren’t able to get a ridiculous sum out of some sucker they decided to take their ball and go home, so to speak.
Furthermore, the neighboring condo that went up for sale (a few weeks after the first condo I was watching closed) has supposedly sold (according to the sign out front, and the fact that it’s no longer on the MLS), but the information indicating how much it sold for hasn’t been posted online yet. I’ll update you when I find out.