2003 Prices or Rollbacks

NEW -> Contingent Buyer Assistance Program
8 Coralino, Rancho Santa Margarita, CA 92688



Asking price: $199,900

Original asking price: $310,000

Spacious one bedroom condo located in the heart of Rancho Santa Margarita. Within walking distance to shopping, schools, recreation and the Lake. Quiet upper interior location features cathedral ceilings, two-tone neutral paint and flooring. Ready to move-in!! Includes built-in murphy bed with dressers and desk. Walk in closet has closet organizers and mirrored doors. Dual sinks, oval tub with glass doors, upgraded shower head and separate toilet room in the bathroom. Ceiling fan and fireplace!!!

Listing price history:

Date

Price

Mar 28, 2007

$310,000

Jun 29, 2007

$299,900

Sep 06, 2007

$270,000

Nov 10, 2007

$199,900

Sales history:

Nov 17, 1989

$115,000

--

Aug 09, 1994

$110,880

-0.8%/yr

Mar 22, 1995

$60,500

-62.6%/yr

Aug 30, 1999

$88,000

8.8%/yr

Aug 19, 2003

$202,000

23.3%/yr
 
Realtors need to learn how to rotate an image so it's not sideways on the MLS. I'm sure someone in their office could show them how to do it. It's not rocket science.
 
At $62K less than the Feb. 04 price, I'll just call it 2003 pricing.

2234 East Vanowen AVE

Orange, CA 92867

Price: $427,563

$/Sq. Ft.: $264

Beds: 4

Baths: 2

Sq. Ft.: 1,618

Lot Size: 7,700 sq. ft.

Sale History:

Dec 09, 1994 $184,000

Feb 24, 2004 $490,000

Apr 29, 2005 $610,000

S526541_0.jpg


http://www.redfin.com/stingray/do/printable-listing?listing-id=1587778
 
Thanks to Cayci, we have a perfect historical example of the last bubble.

Sale History:

Mar 28, 1988 $173,500

Oct 21, 1999 $214,000

After 11 years, ya know that if you own a home for 10 years it will go up, if you listen to a Realiar, but this shows a $40k loss in real dollars. Wash, rinse, and repeat.
 
Meats Avenue? Who would name a street Meats? Is there a feng shui of names? East Meats? Is there a West Meats? Are there butcher shops on Meats?
 
G, how about these numbers from one of Caliguy's posts:

Sales history:

Nov 17, 1989

$115,000

--

Aug 09, 1994

$110,880

-0.8%/yr

Mar 22, 1995

$60,500

-62.6%/yr

Aug 30, 1999

$88,000

8.8%/yr

"But, but.....real estate only goes UP".

Woo Hoo indeed.
 
Re: Via San Gabriel - The price was dropped way down to bring in offers for a short sale. The New World tract isn't that nice and it's been hammered by foreclosures & short sales, but the prices have been running around $250K - $300K.
 
ABC - With a price that low on the San Gabriel property, I would doubt a lender would agree to that price.

Ipo - So you're finally being swayed into considering south OC, huh? I'm still having a tough time deciding between AV, Laguna Niguel and a newer part of Mission called Pacific Hills. AV has a good variety of newer properties, but mello roos. LN has no mello roos, but depending on where you are it can be less convenient to the freeway.
 
The crazy thing is that AV property is actually much cheaper because of 5 years of inflation. Knock another 20% off to put it in real 2008 dollars. Yikes. It's like getting it at 2001 prices.
 
"Ipo - So you're finally being swayed into considering south OC, huh?"

I offered to let my wife quit working for 3-4 years until our boys were in school full-time if we bought a 2400sf place in AV. She hasn't opted for it yet... I found a newer 4/3 that could probably be had for $675Kish.
 
Maybe 2000 her we come......

29112 Pompano WAY

Laguna Niguel, CA 92677

Price: $449,900

Buy with Redfin and Save $8,998*

Beds: 3

Baths: 3

Sq. Ft.: 1,834

$/Sq. Ft.: $245

Lot Size: 5,250 Sq. Ft.

Type: Single Family Residence

Style: Ranch

Year Built: 1978

Stories: Two Levels

View(s): Hills

Area: Laguna Niguel North, North of Crown Valley, East of Niguel

County: Orange

MLS#: S527079

Status: Active

On Redfin: 8 days

Sales History

Date Price Appreciation

Feb 07, 2001 $300,000 --

Oct 31, 2003 $535,000 23.6%/yr

Dec 01, 2004 $775,000 40.6%/yr

Apr 17, 2006 $204,830 -62.0%/yr

Nov 22, 2006 $625,000 542.5%/yr

Mar 18, 2008 $532,548 -11.4%/yr
 
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