Now price reductions even in C class MFH in Phoenix

[Diane G.]

I thought this is interesting....

Price in my neighborhood has been dropping the last 3-6 months, but yes, those are $2M homes...

Today, I was on Zillow, and saw MANY C class MFH in Phoenix are having price reductions...

Is the entire market turning the corner now? 

[Anthony Gayden]

Originally posted by @Anthony Gayden:

That's because some were grossly overpriced.

Just as an example, there are 4 plex buildings immediately across the street from mine for sale for $350,000. The highest most recent comp actually sold for $286,000 in July.

 Disregard  my last. Three 4 plex buildings a block over from mine and nearly identical sold on 8/28/18 for $395k, $350k and $350k. Looks like I just got richer.