clock menu more-arrow no yes

Filed under:

PriceChopped: Venice Canals Duplex Drops Quickly

New, 30 comments

We're used to unrealistic sellers hoping their asking price reflects the height of the bubble, instead of the middle of the bust. And slowly, their hopes and dreams deflate into something a bit more realistic. What we're not used to is pricechops of $350,000 just a week after a house comes on the market. This Venice Canal side-by-side duplex, built in 1999, features two units, each with two bedrooms plus den, a fireplace, a roof deck with built in barbecue, and a dock with four canoes. The property was originally listed at $2.35 million last week and has dropped to $1.995 million or $695 per square foot - a 15% drop in one week. Did a broker try to talk some sense into a seller? Is it still too much? With nearby asking prices averaging about $513 per square foot, we're guessing yes.
· 2212 Grand Canal Venice, CA 90291 [Redfin]