Category Archives: Price Reduced

Agents and Sellers “adjusted to the new pricing realities”?

Posted on December 19, 2011 by grim

From the Record: Bergen, Passaic home prices continue to slide North Jersey home values dropped 3 percent in the first half of this year, bringing Bergen County’s median single-family home price below $400,000 for the first time since the housing … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate, Price Reduced | 107 Comments

Glen Ridge (Lehman Bros) Mega Comp Killer

Posted on February 4, 2009 by grim

Ridgewood Ave, Glen Ridge, New Jersey Upscale – Check Desirable – Check Great Schools – Check (Some would say best-in-state) Train Town – Check (Jitney at your door!) Best Street in Town – Check Mega Comp Killer – Damn Right … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate, Price Reduced | 433 Comments

Watchung Comp Killer

Posted on March 27, 2008 by grim

445 Johnston Court, Watchung NJ Purchase Price: $915,000 Purchased: 4/26/2006 Current Asking Price: $749,900 (Short Sale) 18% under 2006 purchase price History MLS# 2468806 Listed: 12/20/2007 Original List Price: $749,900 Days on Market: 98 Active

Posted in Comp Killer, Price Reduced | 9 Comments

Crystal Springs Comp Killer

Posted on March 27, 2008 by grim

9 Little Tarn Court, Hardyston/Hamburg NJ Purchase Price: $850,000 Purchased: 3/3/2006 Current Asking Price: $698,800 (Short Sale) 18% under 2006 purchase price History MLS# 2270030 Listed: 4/24/2006 Original List Price: $935,000 Reduced: $885,000 Days on Market: 338 Withdrawn MLS# 2390640 … Continue reading →

Posted in Comp Killer, Price Reduced | 6 Comments

Livingston Comp Killer

Posted on March 26, 2008 by grim

14 Fernwood Road, Livingston NJ Purchase Price: $995,000 Purchased: 1/22/2007 Current Asking Price: $799,000 (Short Sale) 20% under 2007 purchase price History MLS# 2430585 Listed: 7/30/2007 Original List Price: $995,000 Reduced: $799,000 Days on Market: 240 Active

Posted in Comp Killer, New Jersey Real Estate, Price Reduced | 10 Comments

Florham Park Comp Killer

Posted on March 25, 2008 by grim

22 Midwood Drive, Florham Park NJ Purchase Price: $800,000 Purchased: 7/21/2006 Current Asking Price: $599,000 (Short Sale – Lis Pendens Filed) 25% under 2006 purchase price History MLS# 2339326 Listed: 11/8/2006 Original List Price: $799,500 Reduced: $775,000 Days on Market: … Continue reading →

Posted in New Jersey Real Estate, Price Reduced | 108 Comments

Chester Comp Killers

Posted on March 24, 2008 by grim

2 Green Hill Road, Chester NJ Purchase Price: $1,129,000 Purchased: 5/11/2006 Current Asking Price: $950,000 (Short Sale) 16% under 2006 purchase price History MLS# 2447201 Listed: 9/4/2007 Original List Price: $1,199,000 Reduced: $950,000 Days on Market: 182 Active

Posted in New Jersey Real Estate, Price Reduced | 42 Comments

Mount Olive Comp Killer

Posted on March 20, 2008 by grim

Purchase Price: $590,000 Purchased: 5/16/2005 Current Asking Price: $499,000 (Short Sale) 15% under 2005 purchase price Dorsett Drive, Mount Olive NJ History MLS# 2255782 Listed: 3/8/2006 Original List Price: $689,900 Reduced to: $634,899 Days on Market: 156 Withdrawn MLS#: 2309154 … Continue reading →

Posted in New Jersey Real Estate, Price Reduced | 81 Comments

“[Subprime] defaults are spiking well before resets come into play”

Posted on February 20, 2008 by grim

From CNN/Money: Subprime loans defaulting even before resets For months, we’ve fretted about the Armageddon that will hit when subprime adjustable rate mortgages start resetting to much higher interest rates. What’s happening is even worse: Many of these loans are … Continue reading →

Posted in Housing Bubble, National Real Estate, Price Reduced | 231 Comments

Price Reduced $850,005 (46%)!

Posted on October 5, 2007 by grim

I’m not sure what I’m more amazed by, the fact that this property has been reduced by almost half, or the fact that the original asking price was a pipe dream. Another great example of trying to chase the market … Continue reading →

Posted in New Jersey Real Estate, Price Reduced | 7 Comments

Price Reduced 11/1 – 11/15

Posted on November 17, 2006 by grim

Welcome to another edition of Price Reduced! For all the newcomers to the site, Price Reduced! takes a look at a handful of significant price reductions across Northern NJ. The purpose of this exercise is to serve as evidence that … Continue reading →

Posted in Price Reduced | 23 Comments

Price Reduced 10/16 – 10/31

Posted on November 4, 2006 by grim

Welcome to another edition of Price Reduced! For all the newcomers to the site, Price Reduced! takes a look at a handful of significant price reductions across Northern NJ. The purpose of this exercise is to serve as evidence that … Continue reading →

Posted in Price Reduced | 29 Comments

Little hope for property taxes

Posted on November 1, 2006 by grim

From the Asbury Park Press: Assembly chief: Halving property taxes unlikely BY JONATHAN TAMARI Assembly Speaker Joseph J. Roberts Jr., D-Camden, said Tuesday that talk of cutting property taxes in half is “unrealistic.” Roberts said he supports some of the … Continue reading →

Posted in New Jersey Real Estate, Price Reduced | 7 Comments