7574 N Mystic Canyon was listed on August 25th for $1,249,000 ($344/sf) and was in contract just 19 days later and closed today for $1,038,000 ($286/sf) – just 83% of list price. 7574 N Mystic Canyon Drive Tucson, AZ 85718 (listed by Long Realty)
It’s unusual for a seller to accept that much less than their asking price after such a short time on the market. Often, offers that are that much lower than list are rejected, or if they are countered they’re countered at or near the list price. Thereby reaffirming the sellers intention to hold out and letting you and your buyers know to take a hike. And, very often, months later when the house is still sitting there they’re singing a different tune.
But perhaps the buyers agent was persuasive and simply showed that of the
5 homes sold in PC in the last 6 months the highest $$/sf sale was at $290/sf, and the average was $275/sf. And that $344/sf or $3-anything/sf was not going to cut it, like it or not. And instead of huffing and puffing and ignoring reality the sellers embraced it and took the offer and moved on. Good for them.
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