4129 N Ocotillo Canyon Drive that was under contract twice, but the contracts fell-out, has been reduced to $450,000; this home’s original list price (four and a half months ago) was $520,000.
4138 N Ocotillo Canyon Drive followed suit and reduced its price down to $435,000 from $465,000 after only being on the market 20 days.
Both of these homes are one-story Pepper-Viner Homes with three car garages.
It is a time-waster to over-price the price of your home. The homes in Sabino Mountain that are priced within 5% of fair-market value are selling and the rest are sitting there until the price reflects the reality of today’s market. The longer the house is on the market the more the price suffers: when you put your house on the market at the right price to begin with, you net a higher price.