The Memo was delayed? / flipper now under year-old price

 

I blogged about a Manhattan penthouse loft way back when (when I was posting about current listings) that ended up selling last year pretty close to the ask, which surprised me a bit. (I restored the post after the thing closed and it was no longer an "active" listing.) I noticed a while back that it has been back on the market but, until recently, at a price not likely to sell. They’ve now reduced the price below last year’s clearing price, so now they have a better shot. (Not a lot under last year’s price, but at least they now have a shot.)

  

Had I noticed this loft listing earlier in its 2009 price history I might have done a snarky post like June 25’s (why would you do that? flipping (trying) at 25% over February 2009), since they started out asking about 25% more than they paid last year. (No surprise that that did not work.) With the asking price now reduced to below their 2008 clearing price, they have a much better shot at generating a bid leading to a contract and a closing.

 

Too bad they burned so many months at the wrong price(s). Maybe the email with the "re:" line The Change in The Market got caught up by a spam filter.

 

I am really looking forward to this closing so that I can reveal the listing. I don’t think there are too many lofts I have blogged about with two different sale in the history of Manhattan Loft Guy.