A couple weeks ago, we highlighted 1660 Duvall Dr, San Jose, CA in our House of the Week. Our exact words: “This week’s house of the week redfines the term ‘over-listed.’ ”

Indeed. Listed at $665,000 we valued the property at $525,000 on 3/26/09 .

Then today, 4/14/09, the list price was dropped by more than 10% to $595,000. That’s a $70,000 drop for those keeping score at home.

Did they drop it far enough? We may soon find out …

Tags: House of the week, over-listed, san jose

This entry was posted on Tuesday, April 14th, 2009 at 8:25 pm and is filed under Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.