This might be a record for the number of price reductions. 25 price reductions in just under 4 months on the market!
8079 Golden Star, Riverside. It's in a good area of Riverside and it sits on 1.4 acres. The home was purchased in 2006 for $945k. Now they are asking $529k. Of course it's a short sale. You gotta give this guy credit for trying. At least he is not like most people that stubbornly hang onto the dream of "not giving it away". This guy has made the right moves. If it doesn't sell reduce the price. The problem is the high end of the market is at a standstill. And the homes that are selling are the pearls and even those have to be priced right.
Check out the price reductions, some are only a day apart and two are on the same day.
| May 20, 2008 | $899,000 |
| May 23, 2008 | $889,000 |
| May 29, 2008 | $879,000 |
| Jun 02, 2008 | $869,000 |
| Jun 04, 2008 | $859,000 |
| Jun 10, 2008 | $849,000 |
| Jun 10, 2008 | $839,000 |
| Jun 13, 2008 | $829,000 |
| Jun 16, 2008 | $819,000 |
| Jun 19, 2008 | $809,000 |
| Jun 24, 2008 | $799,000 |
| Jun 27, 2008 | $789,000 |
| Jul 03, 2008 | $779,000 |
| Jul 07, 2008 | $769,000 |
| Jul 09, 2008 | $749,000 |
| Jul 14, 2008 | $739,000 |
| Jul 17, 2008 | $699,000 |
| Jul 23, 2008 | $649,000 |
| Aug 01, 2008 | $629,000 |
| Aug 05, 2008 | $619,000 |
| Aug 13, 2008 | $599,000 |
| Aug 21, 2008 | $579,000 |
| Aug 25, 2008 | $569,000 |
| Aug 26, 2008 | $559,000 |
| Sep 03, 2008 | $539,000 |
| Sep 10, 2008 | $529,000 |