2003 Prices or Rollbacks

NEW -> Contingent Buyer Assistance Program
<p>Why not change the name to 2002-3 rollbacks? Can that be done?</p>

<p>Considering that's an asking price, I think we are there.</p>

<p> </p>
 
<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=611317">8 Coralino</a>, Rancho Santa Margarita, CA 92688


<a target="_blank" href="http://i-0.rfimg.us/photo/46/bigphoto/242/S481242_1.jpg"><img width="300" height="225" alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/242/S481242_1.jpg" /></a>


<strong>Asking price: </strong>$199,900


<strong>Original asking price:</strong> $310,000


<em>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!!!</em>





<strong>Listing price history:</strong>




<thead>

Date



Price



</thead>









Mar 28, 2007



$310,000











Jun 29, 2007



$299,900











Sep 06, 2007



$270,000











Nov 10, 2007



$199,900










<strong>Sales history:</strong>








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






 
<p>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.</p>
 
<p>At $62K less than the Feb. 04 price, I'll just call it 2003 pricing. </p>

<p>2234 East Vanowen AVE


Orange, CA 92867 </p>

<p><strong>Price: $427,563 </strong></p>

<p>$/Sq. Ft.: $264</p>

<p>Beds: 4


Baths: 2


Sq. Ft.: 1,618


Lot Size: 7,700 sq. ft. </p>

<p>Sale History:</p>

Dec 09, 1994 $184,000


<strong>Feb 24, 2004 $490,000</strong>


Apr 29, 2005 $610,000


<p><img alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/541/S526541_0.jpg" /> </p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1587778">http://www.redfin.com/stingray/do/printable-listing?listing-id=1587778</a></p>
 
<p>$5K less than 2003 price. </p>

<p>928 E MEATS AVE


Orange, CA 92865 </p>

<p><strong>Price: $395,000 </strong></p>

<p>$/Sq. Ft.: $218</p>

<p>Beds: 4


Baths: 2.5


Sq. Ft.: 1,827


Lot Size: 9,790 sq. ft. </p>

<p>Sale History:</p>

Apr 15, 1999 $213,000


<strong>May 08, 2003 $400,000 </strong>


<p><img alt="" src="http://i-0.rfimg.us/photo/45/bigphoto/171/I08041171_0.jpg" /> </p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1574211">http://www.redfin.com/stingray/do/printable-listing?listing-id=1574211</a></p>
 
<p>21% loss from 2004 price in Orange. If it's not 2003 or earlier pricing, it's close enough.</p>

<p>205 North Malena DR


Orange, CA 92869 </p>

<p><strong>Price: $450,000 </strong></p>

<p>$/Sq. Ft.: $258</p>

<p>Beds: 4


Baths: 2


Sq. Ft.: 1,743


Lot Size: 7,000 sq. ft. </p>

<p>Sale History:</p>

Mar 28, 1988 $173,500


Oct 21, 1999 $214,000


<strong>Jul 16, 2004 $574,000 </strong>


<p><img alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/174/P621174_0.jpg" /> </p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1457711">http://www.redfin.com/stingray/do/printable-listing?listing-id=1457711</a></p>
 
Thanks to Cayci, we have a perfect historical example of the last bubble.





<p>Sale History:</p>

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:





<em></em><strong>Sales history:</strong>










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.
 
<p><img height="284" width="407" alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/630/S526630_0.jpg" /></p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1590545">Listed</a> 10% below 2003 purchase price. Man, it's getting very tough to avoid looking at AV...</p>
 
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.
 
<p>"Ipo - So you're finally being swayed into considering south OC, huh?"</p>

<p>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.</p>
 
Maybe 2000 her we come......



29112 Pompano WAY

Laguna Niguel, CA 92677

<span style="font-size: 14px;"><strong>Price: $449,900 </strong></span>

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 --

<strong>Oct 31, 2003 $535,000 23.6%/yr</strong>

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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