Real Estate Awards (Mega Schadenfreude)

NEW -> Contingent Buyer Assistance Program
LM if you really want to see some smoke punch in 92624 on redfin and look along beach road. Shacks that were bought for 150,000 are asking 3-5 million and more...too much smoke down there in Capo
 
In Nellie Gail:

Asking price history:

Apr 10, 2007

$1,924,900

Apr 27, 2007

$1,899,900

May 19, 2007

$1,889,900

Jun 01, 2007

$1,879,900

Jun 07, 2007

$1,849,900

Sep 25, 2007

$1,749,900

Oct 17, 2007

$1,699,900

Oct 29, 2007

$1,599,900

Oct 31, 2007

$1,499,900

Sales history:

Date

Price

Appreciation

Jun 02, 2000

$765,000

--

Jul 30, 2003

$1,010,000

9.2%/yr

Oct 27, 2006

$1,824,000

20.0%/yr

Loss of more than $400k assuming 6% commission. But the place still hasn't sold...
 
Here are a few jaw droppers for ya LM

http://www.redfin.com/stingray/do/printable-listing?listing-id=628438

Price: $5,895,000

Sales History

Date

Price

Appreciation

Feb 08, 1990

$595,000

--

Mar 11, 1991

$60,000

-87.9%/yr

Jan 04, 1994

$179,738

47.6%/yr

Nov 02, 1994

$70,000

-68.0%/yr

May 19, 1998

$380,000

61.2%/yr

Mar 14, 2002

$499,000

7.4%/yr

Sep 14, 2005

$3,800,000

78.5%/yr

and this one...

http://www.redfin.com/stingray/do/printable-listing?listing-id=1194737

Price: $3,650,000

Sales History

Date

Price

Appreciation

Jun 30, 1997

$700,000

--
 
"Ut roh... not Coto. This place was bought for just over a mil in 2003, and it is scheduled for the auction for just over a mil."

We looked at that home during an open house many months ago when the property was listed with LeeAnn Canaday. The agent sitting on the open house was on her cell phone when we walked in and she barely acknowleged our existence, let alone get off the phone or even say boo. The home itself is beautiful, but was way overpriced at the time. I guess the family living there was in a hurry to leave for the day, because the kid's room was messy and there was an unflushed mess in the toilet. My wife was grossed out, and no matter how much she liked the house, she disliked every thing about it after seeing that bathroom. If LeeAnn or any of her peeps read this blog, you may want to brief your agents to do a quick check of the rooms and to be polite to the looky loos. Someday we are going to buy, and the wife does not forget bad experiences and the name on that sign.
 
P588147_2.jpg


http://www.redfin.com/stingray/do/printable-listing?listing-id=946542

Listing Price History

Date

Price

Jul 11, 2007

$1,425,000

Jul 26, 2007

$1,245,000

Aug 18, 2007

$1,199,000

Oct 25, 2007

$1,050,000

Mar 02, 2008

$990,000
 
geeze, that family room with the LCD seems perfect for wall mounting a 50 incher up there. Does not seem to be any windows that would cause glare

well at least their neighbor #29 is doing it with them :)

http://www.redfin.com/stingray/do/printable-listing?listing-id=1163500

Listing Price History

Date Price

Sep 26, 2007 $595,000

Mar 20, 2008 $495,000

Sales History

Date Price Appreciation

Jan 29, 1993 $200,000 --

Jul 20, 2001 $295,000 4.7%/yr

Mar 11, 2002 $309,000 7.5%/yr

Jan 12, 2004 $445,000 21.9%/yr

Jul 12, 2005 $585,000 20.0%/yr

That person who bought in 04 and sold in 05 must be happy.
 
I've visited this neighborhood before...like many of this era, some parts are packed in without driveways,and other areas are much better with full driveways. The best-located places are ones like the property 24 just posted on, since they back to the hill and have yards.
 
My mouth just dropped when I noticed this house has been on the market for 582 DAYS!!!

Listing Price History

Date

Price

P534948_1.jpg


Jan 28, 2007

$1,099,000

Feb 07, 2007

$1,049,000

Feb 11, 2007

$999,000

Feb 13, 2007

$965,000

Feb 23, 2007

$935,000

May 16, 2007

$925,000

Jul 12, 2007

$899,000

Aug 15, 2007

$889,000

Aug 28, 2007

$875,000

Sep 11, 2007

$860,000

Oct 16, 2007

$799,000

Nov 15, 2007

$789,000

Jan 16, 2008

$719,000

Jan 29, 2008

$649,900

Mar 22, 2008

$648,000

Mar 26, 2008

$599,000
 
If that doesn't win first prize blue ribbon in a market-chaser award competition I don't know what would. Interesting that the previous sales price would indicate they should have tons of equity. Seems like a possible HELOC/cash out refi case.
 
i saw that listing last week. it actually wins my vote for the most WTF price.

$600/sqft for a pergranteel 60s house with low ceilings and a bad high school district was amazing. I think that they are still wishing at $300.

if the sell it soon (how likely?) by dropping it to $500k they will be lucky (though not much has moved in mesa verde lately!). ultimatley, i think that area goes back to 1999-2001 pricing of ~$300k
 
I don't see how a sane person would bite just yet...the expectations have been set that they will drop the price again by a relatively little bit, and then by more.
 
I just couldn't stop laughng and needed to post this somehwere so here it goes

http://www.redfin.com/stingray/do/printable-listing?listing-id=1617658

34456 Via Gomez

Dana Point, CA 92624

Price: $13,005,000

Buy with Redfin and Save $260,100*

Beds: 2

Baths: 1

Sq. Ft.: 804

$/Sq. Ft.: $16,175

Lot Size: 10,010 Sq. Ft.

Lot: 10,000-19,999 Sq. Ft.

Property Type Attached, Single Family Residence

Year Built: 1953

Stories: 1 Level

View: Ocean

Area: Out of Area

County: Orange

MLS#: C08049314

Status: Active

On Redfin: 3 days Sales History

Date Price Appreciation

Aug 12, 1988 $171,000 --

Nov 18, 1997 $50,318 -12.4%/yr

Jun 06, 2003 $435,000 47.5%/yr

Jul 21, 2005 $1,000,000 48.0%/yr
 
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