50% Loss in Real Estate (or more)

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49.6% loss so far in Costa Mesa. The address was entered wrong, so I found the sale info on Zillow. Almost a 20% loss from 2003 price.

1601 Baker st

Costa Mesa, CA 92626

Price: $399,000

Beds: 4

Baths: 2

Sq. Ft.: 2,200

$/Sq. Ft.: $181

Lot Size: 7,384 Sq. Ft.

Sale History

02/14/2006: $792,000

12/03/2003: $498,000

07/09/1998: $239,000

08/18/1993: $200,000

http://i-0.rfimg.us/photo/46/bigphoto/449/P653449_1_0.jpg

http://www.redfin.com/CA/Costa-Mesa/1601-Baker-st-St-92626/home/17182968

http://www.zillow.com/Charts.htm?chartDuration=5years&zpid=25246776
 
I notice most of these are Santa Ana or out of OC... are there any Irvine homes that are 50% off (I apologize in advance if there is already a thread for this)?
 
irvine_home_owner said:
I notice most of these are Santa Ana or out of OC... are there any Irvine homes that are 50% off (I apologize in advance if there is already a thread for this)?
Click to expand...
I don't believe we've seen any in Irvine that are 50% off.

The prices in higher-end communities fall after the lower-end communities.

I don't believe Irvine prices will fall as hard as the ones we have shown in this particular thread.

I'm sure someone will correct me if I'm wrong. :lol:
 
75% off!!!!

1402 W 3rd St Santa Ana, CA 92703 Price: $161,500

P656980_0.jpg


http://www.redfin.com/CA/Santa-Ana/1402-W-3rd-St-92703/home/3058768

Sep 11, 2006 $640,000 29.1%/yr
 
2071 E SHAUER St COMPTON, CA 90222

Price: $85,000 -- I'm thinking prices still have a long way to go

Beds: 2

Baths: 1

Sq. Ft.: 756

$/Sq. Ft.: $112

Sales History

Jul 24, 1998 $58,114

Mar 05, 1999 $56,000

Mar 30, 2000 $115,000

Feb 15, 2001 $125,000

Aug 29, 2002 $102,192

Aug 21, 2003 $95,000

Dec 30, 2005 $305,500

Aug 25, 2008 $264,004

08-320353_0.jpg
 
those look just like the "RealhomesofGenius" houses from drhousingbubble.

I can only think that those sales at the ridiculous prices were all cashout frauds.
 
freedomCM said:
those look just like the "RealhomesofGenius" houses from drhousingbubble.

I can only think that those sales at the ridiculous prices were all cashout frauds.
Click to expand...

I was thinking the same thing. The price drops are really amazing though. It is pretty hard to deny there was a bubble when you see what happened in those neighborhoods.
 
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