Didn't Sell at $650K During Bubble, Now Asking $50K More? - 93 Meadowbrook Rd, Short Hills, NJ 07078

Profile picture for CirclingVulture
RE: 93 Meadowbrook Rd, Short Hills, NJ 07078   

This sideways cape is now priced $50,000 above the bubble peak asking price that buyers ignored.   

A market decline of 5% below the 2006 bubble peak asking price is $617,500.   A 10% decline is $585,000.  20% is $520,000.  30% is $455,000.   

How does one get from $500,000 to $750,000?   


Below is the listing history for this property:   

Mar 22, 2006 - $799,000 - MLS # 2259341   

Apr 06, 2006 - $749,900   

May 03, 2006 - $725,000   

Jun 03, 2006 - $700,000   

Jun 15, 2006 - $699,000   

Jun 17, 2006 - $679,000   

Jul 14, 2006 - $650,000   

Aug 09, 2006 - WITHDRAWN   

Apr 07, 2010 - $700,000 - MLS # 2761198   


Posted: April 9, 2010   

http://www.circlingvulture.com
Question refers to 93 Meadowbrook Rd, Short Hills, NJ 07078
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April 09 2010
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Answers (1)

Profile picture for Karen Bigos
This home is now listed at $600,000, way below the current tax assessment. I did not have the listing in 2006. It will be oopen to the public on Sunday August 8th from 1 to 4 pm. The seller would love to close in the next 60 days.
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August 01 2010
 

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