Price Reduction – 4008 NE 40th St (Laurelhurst)
September 15, 2009 by Erin Schedler · Leave a Comment
Originally listed in July for $780,000
Price reduced in August to $760,000
Price reduced today (Sept 15) to $689,000
Personally, I think it’s still listed too high. This part of Laurelhurst just doesn’t command the same price points (Waterfront excluded) as other central areas of the neighborhood. That, paired with the fact that it needs significant upgrades (kitchen, baths, etc.) I wouldn’t be surprised if it continued to sit on the market. A price in the high $500s or at least low $600s seems more appropriate.
Gold stars to the sellers nonetheless! They have been aggressive with their price reductions and timely too. With the deadline for the tax credit expiring November 30th, showing they’re serious with price reductions is crucial if they want to attract first-time buyers.
Erin Schedler
Contact Erin to schedule a showing appointment or for more information.
*Listing information and photo courtesy Brian Shields, RE/MAX Town Center and the NWMLS
