Tuesday, June 16, 2009

Listing of the Day: $100K Price Chop

3341 Bouck Avenue, 3 Bedrooms, 1 Bathroom - $299,000

Here is a house that has been chopped down from its March listing price of $399K. There is nothing overly stunning about the place; in fact there aren't any interior shots. What got me was how steep the percentage chop was. As a dedicated real estate listing junkie, it is just very difficult to ignore 25% chops in a 3 month span of time.

I might agree with the argument that a house in Williamsbridge should never have been listed at almost $400K, but it was, and now we're seeing a real deal normalization. $299K is a pretty reasonable price for a house in an average, quiet-ish, residential hood.

Your closest subway would be the 5 train at Gun Hill Road.



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