I admire the pricing decisions, if not the house
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26 Sinoway Road, which occasioned a certain amount of controversy from neighbors when it was going up, hit the market October 29th at $2.995, was dropped to $2.795 on November 13th, and has been cut again today to $2.495.
It’s certainly not an architectural style (sic) that fits the neighborhood, and that may be the reason for its meeting buyer resistance, but the builder is being smart here, and listening to what the market is saying: silence, I assume. I’ve witnessed stubborn builders hang on to their overpriced projects all the way down to the bottom, when the lender finally takes over and unloads it at a bargain price. Don’t do that.
