This weekend we saw the following things happen:
- Lumen flooded the MLS with 5 listings
- 2607 Western Ave #207 was reduced in price $20,000 to $290,000
- Mosler Lofts unit #TH2 increased $20,000 to $665,000
Popularity: 8% [?]
Price reductions, increases, and flooding the MLS
November 5th, 2006 · 2 Comments
Tags: Lumen · Mosler Lofts · Uncategorized
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2 responses so far ↓
1 Sea~Condos // Nov 6, 2006 at 3:47 am
That same Mosler Lofts unit was available for $625K in early October. So in less than a month, they have raised the price a total of 40K (two separate price increases of 20K each). I have no idea why, especially when everyone else is lowering their prices.
2 Steve // Nov 9, 2006 at 8:52 pm
I think the reason that Mosler Lofts is maintaining and even raising their prices is because they have a quality product. For the last couple of years any kind of real Estate that you put out there would sell, it was a seller’s market. Now, times have changed and the properties and projects that were overpriced are adjusting.
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