Some savvy buyers and their agents were obviously paying attention during December and were rewarded with some pretty good deals in Noe Valley. After about 90 days of what appeared to be a frozen market, a few listings unthawed with hard negotiations from the Buyer’s agents.
1360 Dolores was originally listed back in August for $1.885m, was reduced to $1.795m after the Seller moved out and then was reduced again to $1.675m just as the market was grinding to a halt in October. The listing agent pulled the listing in early December, but two weeks later an offer emerged and was ultimately ratified for $1.5m — a mighty sweet deal for the nearly 2,700 sq ft 4BR/4BA home on an oversized lot.
545 Jersey closed a couple of weeks ago after almost 3 months on the market. The 3BR/1BA home sold for $1.210m. It was originally listed at $1.295m – back in October when things weren’t looking too pretty – and the successful offer came in about 30 days after the Seller dropped the price to $1.229m. Interestingly, the Seller’s had purchased it back in 2004 for $1,000 more than they sold it for 2009. Yet, this time around, the house came complete with an approved set of plans for a major expansion / renovation.
The market in which we find ourselves is even more complex than usual. The buyer’s agents who represented these successful buyers rewarded their clients’ loyalty with smoking good deals and (no doubt) sage advice on how to spot and snag great value. Well done!