Price reduced, reduced, reduced

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Good morning. This one, from an e-mail tipster, gave us a laugh, and we thought we’d pass it along: A Venice home (1686 Electric Ave.) that’s been sitting on the market for 159 days has had nine price reductions... of $1,000 each.

Here’s the price history from Zip Realty:
Price Reduced: 05/15/07 -- $1,299,000 to $1,298,000
Price Reduced: 05/22/07 -- $1,298,000 to $1,297,000
Price Reduced: 05/29/07 -- $1,297,000 to $1,296,000
Price Reduced: 06/05/07 -- $1,296,000 to $1,295,000
Price Reduced: 06/12/07 -- $1,295,000 to $1,294,000
Price Reduced: 06/19/07 -- $1,294,000 to $1,293,000
Price Reduced: 06/26/07 -- $1,293,000 to $1,292,000
Price Reduced: 07/03/07 -- $1,292,000 to $1,291,000
Price Reduced: 07/10/07 -- $1,291,000 to $1,290,000

If the house looks smallish to you, you’re right: it’s 1,300 SF on a 3,900 SF lot.

We take it this kind of mischief is inspired by the knowledge that more and more home buyers are searching websites for price reductions.... We’d love to hear your thoughts on this.

Photo Credit: CLAW/MLS
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