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I’m going ahead with a partial renovation with the awareness that I probably won’t get dollar for dollar return

I would suggest taking it off the market while you're renovating. It will be easier to 'refresh' the listing (as inparadise suggests) with a new price if it's been off the market for a while. Assuming that your listing has been on Zillow, it's easy for anyone to track time on market and price changes. Even if it hasn't been on Zillow (and it probably should be), the MLS system likely allows agents to track those changes.

because my condo has sat for a while already on the market without any offers

I agree with JonathanRoth that the price is too high if you haven't gotten any offers. As the old adage says "There is nothing in real estate that price cannot fix."

Is your current asking price the price that partially renovated condos in your complex actually go for? If so, your partial renovation may get you your current asking price, but it probably won't get you more. If it's the price that fully renovated condos get, then a partial renovation may not even get you your current price.

You should ask your real estate agent to get you pictures of the comparables that your price was based on, so you can see what condition they were in. That way you can determine which renovations will be needed to get your current asking price.

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