Category Archives: Price Reduced

Florham Park Comp Killer

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

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

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Olive NJ History MLS# 2255782 Listed: 3/8/2006 Original List Price: $689,900 Reduced to: $634,899 Days on Market: 156 Withdrawn MLS#: 2309154 … Continue reading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”

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%)!

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

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

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

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