Twenty-nine listings expired yesterday, the last day of September. Most will be back with us soon (like, today) but it’s always fun to see which go to new brokers, especially with the price unchanged. That’s usually not a formula for success.
I’m surprised at the large number of expirations, though, because, although the fee for a new listing is minimal: $75, in these times, you’d expect listing brokerages to save what pennies they can by extending listing contracts (no charge) rather than paying even a modest fee. So are these expireds all going to new brokers? We’ll see. One of interest is Leona’s place, marked down just a few days ago to $60 million from $125,000,000. It expired yesterday too.