50% Loss in Real Estate (or more)

NEW -> Contingent Buyer Assistance Program
[quote author="freedomCM" date=1225196761]<strong>50% off, AND you get a white picket fence!</strong></blockquote>


But... but... the grass is dead. Sodding is a PITA, and not everyone has the [strike]friendship[/strike] blackmail on IR2 that Ipo has to get him over to help sod.
 
I found <a href="http://www.redfin.com/CA/Riverside/6063-Florence-St-92504/home/4900751">this gem</a> linked in an <a href="http://articles.moneycentral.msn.com/Banking/HomeFinancing/why-the-surge-in-home-sales-is-bad-news.aspx">MSN article</a> this morning.





6063 Florence St Riverside, CA 92504

Sold For:

$147,000

(08/22/2008)

Beds: 2

Baths: 1

Sqft: 876

Style: Residential

Year Built: 1938





Sales History

Date Price Appreciation

Oct 04, 2002 $89,700 --

Apr 18, 2003 $131,500 104.0%/yr

Jun 07, 2006 $586,000 61.0%/yr

Nov 02, 2007 $250,297 -45.4%/yr

Aug 22, 2008 $147,000 -48.4%/yr

<strong>

From $586,000 to $147,000. That is 75% off.</strong>
 
<a href="http://www.redfin.com/CA/Long-Beach/1078-N-Almond-Ct-90813/home/7612843"> 1078 N Almond Ct Long Beach, CA 90813 </a>



Price: $99,500

sold: $274,000 Jul 07, 2006



Beds: 1 On Redfin: 41 days

Baths: 1 Year Built: 1923

SQ.FT.: 480 Lot Size: 1,350 sf

$/SQ.FT.: $207



<img src="http://i-0.rfimg.us/photo/45/midphoto/020/genMid.S08135020_4_0.jpg" alt="" />
 
<a href="http://www.redfin.com/CA/Long-Beach/1545-Walnut-Ave-90813/home/7614205"> 1545 Walnut Ave Long Beach, CA 90813 </a>



Price: $164,900

Last Sale: $454,441 (06/17/2008)

Beds: 2

Baths: 1

Sq. Ft.: 974

$/Sq. Ft.: $169

Lot Size: 2,520 Sq. Ft.



<img src="http://i-0.rfimg.us/photo/46/midphoto/241/genMid.P662241_0.jpg" alt="" />
 
<a href="http://www.redfin.com/CA/Long-Beach/2885-Chestnut-Ave-90806/home/7571163"> 2885 Chestnut Ave Long Beach, CA 90806 </a>



Beds: 3

Baths: 2

Sq. Ft.: 1,262

$/Sq. Ft.: $197

Lot Size: 6,500 Sq. Ft.



Property History

Date Event Price Appreciation Source

<strong>Nov 07, 2008 Listed $248,400 </strong> -- SoCalMLS #I101905

Oct 31, 2008 Listed $248,400 -- i-Tech MLS #22117880

<strong>May 15, 2007 Sold $769,000 </strong>38.7%/yr Public Records

May 12, 2006 Sold $553,000 17.2%/yr Public Records

Nov 01, 2000 Sold $230,000 -- Public Records
 
<a href="http://www.redfin.com/CA/Santa-Ana/1927-Halladay-St-92707/home/3085640"> 1927 Halladay St Santa Ana, CA 92707 </a>



Beds: 4

Baths: 2

Sq. Ft.: 1,450

$/Sq. Ft.: $176

Lot Size: 6,533 Sq. Ft.





Property History

Date Event Price Appreciation Source

<strong>Nov 06, 2008 Listed $254,900 </strong> -- SoCalMLS #P663845

Sep 05, 2008 Sold $210,450 -25.9%/yr Public Records

<strong>Jul 28, 2005 Sold $535,000</strong> 20.8%/yr Public Records

Mar 10, 1999 Sold $160,000 -- Public Records



<img src="http://i-0.rfimg.us/photo/46/midphoto/845/genMid.P663845_0.jpg" alt="" />
 
<a href="http://www.redfin.com/CA/Fullerton/1924-W-Orangethorpe-Ave-92833/home/3320485"> 1924 W Orangethorpe Ave Fullerton, CA 92833 </a>



Beds: 4

Baths: 1

Sq. Ft.: 1,392

$/Sq. Ft.: $197

Lot Size: 6,700 Sq. Ft.





Property History

Date Event Price Appreciation Source

<strong>Oct 31, 2008 Listed $274,000 </strong> -- MRMLS #I08155611

Mar 07, 2008 Sold $434,213 0.0%/yr Public Records

Feb 26, 2008 Sold $434,213 -16.3%/yr Public Records

<strong>Aug 29, 2006 Sold $567,000</strong> -- Public Records



<img src="http://i-0.rfimg.us/photo/45/midphoto/611/genMid.I08155611_0.jpg" alt="" />
 
What amazes me isn't that they have all dropped, its that each of those is in a truly shitty location, and yet sold previously for more than half a million (MILLION!) dollars!
 
[quote author="freedomCM" date=1226127370]What amazes me isn't that they have all dropped, its that each of those is in a truly shitty location, and yet sold previously for more than half a million (MILLION!) dollars!</blockquote>


I'm actually amazed that the prices haven't dropped more. A lot of the 50%+ price declines seem to be complete tear-downs in less than desirable neighborhoods.
 
It's not just the bad neighborhoods.



http://www.redfin.com/CA/WOODLAND-HILLS/22055-AVENUE-SAN-LUIS-91364/home/4191526



52% off, and it hasn't yet sold. Woodland Hills. South of the Boulevard.





and





http://www.redfin.com/CA/Calabasas/24410-Mulholland-Hwy-91302/home/12096164 Current list price $1 million. Big house, built in 2007, on over an acre. Status address on Mulholland. At least 50% off. Outstanding mortgages are $2 million.



The property history on Redfin isn't quite right. It was originally for sale for over $2 million, became a short sale at $2 million http://realestate.yahoo.com/California/Agoura_Hills/Homes_for_sale/7e1c5e87913eb4c388e991f35a36c4?cc=realestate&p=Agoura Hills, CA&priceHigh;=&priceLow;=&nodeId=750007014&radius;=&bedrooms;=&bathrooms;=&type=foreclosure&sortBy=bth+2 . Then, it continued its descent to $1.4 million, http://realestate.yahoo.com/California/Agoura_Hills/Homes_for_sale/3f53e8ae678fec79a0e2c4192f1fb2?cc=realestate&p=Agoura Hills, CA&priceHigh;=&priceLow;=&nodeId=750007014&sortBy=price 2&radius;=&bedrooms;=&bathrooms;=&type;=&b=41



"Beds: 4

Baths: 4

Sq. Ft.: 4,500

$/Sq. Ft.: $222

Lot Size: 1.05 Acres

Property Type: Single Family Residence

Style: Contemporary

Year Built: 2007

Stories: 2

View: City

Area: West South SFV

County: Los Angeles

MLS#: F1789091

Source: SoCalMLS

Status: Active

On Redfin: 5 days



Absolutely stunning Estate Home boasting over 4500 sq ft Truely spacious with open floor plan fantastic views that are panoramic. Very dramatic foyer done in custom marble leading you to a grand living room and formal dining room. Gorgeous gourmet kitchen featuring Viking stove and granite counters. Limestone flooring which pairs with recessed lighting, high ceilings located in Prime Calabasas. Fantastic opportunity please hurry and call agent for a showing"
 
<a href="http://www.redfin.com/CA/Hacienda-Heights/1742-Farmstead-Ave-91745/home/7843603"> 1742 Farmstead Ave Hacienda Heights, CA 91745 </a>



<strong>Price: $229,000</strong>

Beds: 3

Baths: 1

Sq. Ft.: 1,014

$/Sq. Ft.: $226

Lot Size: 6,528 Sq. Ft.



Oct 15, 2008 Listed $229,000 -- i-Tech MLS #22117001

May 06, 2008 Sold $495,970 -5.4%/yr Public Records

<strong>Jun 22, 2006 Sold $550,000 </strong>22.4%/yr Public Records

Jan 05, 1999 Sold $122,000 3.8%/yr Public Records

Apr 07, 1989 Sold $85,000 -38.0%/yr Public Records

Aug 19, 1988 Sold $115,000 -- Public Records



<img src="http://i-0.rfimg.us/photo/58/midphoto/001/genMid.22117001_0.jpg" alt="" />
 
<a href="http://www.redfin.com/CA/Rowland-Heights/1810-Monica-91748/home/7865586"> 1810 Monica Rowland Heights, CA 91748 </a>



<strong>Price: $350,000 </strong>(short sale)

Beds: 4

Baths: 3

Sq. Ft.: 2,217

$/Sq. Ft.: $158

Lot Size: 7,911 Sq. Ft.





<strong>Nov 07, 2005 Sold $730,000 25.8%/yr Public Records</strong>

Oct 20, 2003 Sold $456,000 10.2%/yr Public Records

Aug 22, 2001 Sold $370,000 6.0%/yr Public Records

Jan 08, 1999 Sold $318,000 16.9%/yr Public Records

May 10, 1996 Sold $210,000 -- Public Records



<img src="http://i-0.rfimg.us/photo/45/midphoto/970/genMid.H08157970_1_0.jpg" alt="" />
 
"Ghetto superstar, that is what you are..."



57% off in Anaheim



405 S East St

Anaheim, CA 92805



<strong>Price: $236,404 </strong>



Beds: 3

Baths: 2

Sq. Ft.: 1,143

$/Sq. Ft.: $207

Lot Size: 3,792 Sq. Ft.





Oct 30, 2008 Price Changed $236,404 -- SoCalMLS #P645671

Sep 24, 2008 Price Changed $248,584 -- SoCalMLS #P645671

Aug 21, 2008 Price Changed $261,405 -- SoCalMLS #P645671

Jul 15, 2008 Price Changed $274,900 -- SoCalMLS #P645671

Jul 07, 2008 Listed $289,900 -- SoCalMLS #P645671

Mar 21, 2008 Sold $307,500 -21.2%/yr Public Records

<strong>Sep 14, 2005 Sold $560,000 </strong> 42.5%/yr Public Records

Jun 05, 2003 Sold $250,000 >1,000%/yr Public Records

Mar 21, 2003 Sold $5,000 -99.3%/yr Public Records

Jun 21, 2002 Sold $210,000 8.5%/yr Public Records

Oct 05, 1998 Sold $155,000 386.5%/yr Public Records

May 22, 1998 Sold $86,000 -34.0%/yr Public Records

Feb 19, 1997 Sold $144,561 19.5%/yr Public Records

May 04, 1995 Sold $105,000 495.8%/yr Public Records

Nov 01, 1994 Sold $42,736 82.4%/yr Public Records

Oct 15, 1992 Sold $12,500 -- Public Records



<a href="http://www.redfin.com/CA/Anaheim/405-S-East-St-92805/home/3216832">http://www.redfin.com/CA/Anaheim/405-S-East-St-92805/home/3216832</a>



http://i-0.rfimg.us/photo/46/bigphoto/671/P645671_0.jpg
 
<a href="http://www.redfin.com/CA/Santa-Ana/450-E-4th-St-92701/unit-131/home/5591105"> 450 E 4th St #131 Santa Ana, CA 92701 </a>



<strong>Price: $102,900

Sold $300,000</strong> Jan 27, 2006

Beds: 2

Baths: 2

Sq. Ft.: 740

$/Sq. Ft.: $139



<img src="http://i-0.rfimg.us/photo/46/bigphoto/016/P666016_0.jpg" alt="" />
 
<a href="http://www.redfin.com/CA/Santa-Ana/600-W-3rd-St-92701/unit-A311/home/5604038"> 600 W 3rd St #A311 Santa Ana, CA 92701 </a>



<strong>Price: $109,900

Sold $315,000 </strong> Oct 20, 2006

Beds: 2

Baths: 1

Sq. Ft.: 864

$/Sq. Ft.: $127



<img src="http://i-0.rfimg.us/photo/46/bigphoto/060/P666060_0.jpg" alt="" />

I wonder if the shopping cart is included.
 
<a href="http://www.redfin.com/CA/Santa-Ana/1232-W-2nd-St-92703/home/3062496"> 1232 W 2nd St Santa Ana, CA 92703 </a>



Price: $149,900

Sold $564,000 Jan 16, 2007

Beds: 2

Baths: 1

Sq. Ft.: 763

$/Sq. Ft.: $196

Lot Size: 6,283 Sq. Ft.



<img src="http://i-0.rfimg.us/photo/46/midphoto/022/genMid.P666022_0.jpg" alt="" />
 
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