This afternoon I was browsing a list of homes that have closed over the past 30 days at half a million dollars or more. Five of those homes ended up closing at least 25% below their original list price. The three that took the biggest dips (the first three you’ll see below) were short sales; the fourth and fifth weren’t. All five had been on the market since last June or July.
435 W Erie St Unit 2201: Listed in June at $995,000; closed for $625,000.
421 W Melrose Ave Unit #16BD: Listed in June at $999,000; closed for $680,000.
3334 N Hoyne Ave: Listed in June at $789,000; closed for $543,200.
20 E Cedar St Unit 9D: Listed in July at $1.09 million; closed for $817,000.
522 N Ada St: Listed in June at $1.39 million; closed for $1.05 million.