Smart move
/10 Neighborly Way, NoPo Riverside, wasn’t selling at $1.299 million so today, eleven days after listing it, agent Angela Swift dropped it to $1.199. And she was right to do so; even a year ago, eleven days without an offer wasn’t necessarily a matter of concern, but today it’s an eternity. If you aren’t drawing decent bids in the first few days, you’re too high.
This same house sold in 2016 for $862,000 and is basically unchanged, so somewhere between that 2016 price and this year’s I’m sure a satisfactory compromise can be reached.