Well, nothing is impossible. My agent showed me three houses were sold at 82% of the asking price in the year of 2004. The sellers could lower the price more than once after their houses were put in the market... $15,000 price reduction by the seller is very common for a townhouse.... so look at how long that house has been in the market, how many times the price been reduced and the final closing price... 15% off the inital asking price is not a joke. As well, agents know how much the owner bought the house and give you a list of the selling price of the neighbourhood of a similar house...