Leona and Ruby Drop Prices
Leona and Ruby continued to cut prices this week. Barrientos is the developer for both projects and they’re being marketed and sold by Williams Marketing so it’s not surprising to see them being reduced only a day apart.
At Ruby a number of units had their prices cut by $10k or $20k. A few had larger reductions. For instance #103 had its price reduced $60k from $299,990 to $239,990.
Reductions at Leona were much larger with some units losing $100k (the units are also more expensive :) ). For instance unit 7 originally listed at $525k back in June of last year and is now at $350k. Bringing it to $351/Sq. Ft. bring it below Queen Anne’s median sold price of $385/Sq. Ft..
Certainly looks like they are actively looking for the right price to move these at.