4150 E La Paloma Dr was on the market 4+ years, had 3 different agents, umpteen price cuts, was priced as high as $2,550,000 and, after all that, sold today for $1,100,000 ($178/sf) off a $1.5 list. 
Now imagine how much money, time and grief they’d have saved themselves, if, in early 2006 when they first listed it, and the market was still roaring along, they’d listed it for a price that it could actually sell for.
Not a bad deal for the buyer though.
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