“Down, down, down…” The latest $150,000 price cut at 202 Clermont brings the total reduction over the last six months to a whopping $500,000. The house started at $2.2 million last Summer, was dropped to $2 million in October, was cut again to $1.85 million in December and now is listed $1.699 million. We went back to try to figure out why this thing wasn’t selling and, lo and behold, realized that this is the same house whose overly glossy makeover we criticized last week. At that point, we hadn’t put 2 and 2 together to realize that this was listed at Brooklyn Properties as well as Douglas Elliman. No need to rehash our aesthetic criticisms here but the reductions certainly do suggest that the market in this area craves authenticity.
WEB# 723400 [Prudential Douglas Elliman] GMAP