Long Beach general thread

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[quote author="morekaos" date=1235784778][quote author="morekaos" date=1227444316][quote author="morekaos" date=1220082976]This buildng is holding up great Troop. On a cursory look I find only one unit out of around 14 for sale that is underwater. The last 6 months of sales shows alot going out at a profit. Not bad for that section of LB



http://www.redfin.com/CA/Long-Beach/850-E-Ocean-Blvd-90802/unit-1110/home/7611767</blockquote>


Troop, your boy is officially underwater after trying to keep his head dry for 95 days, he sank under the waves and dropped is price bellow what he paid you. Still at $679 a square foot don't ya think it is still a bit pricey?



<a href="http://www.redfin.com/CA/Long-Beach/850-E-Ocean-Blvd-90802/unit-1110/home/7611767">http://www.redfin.com/CA/Long-Beach/850-E-Ocean-Blvd-90802/unit-1110/home/7611767</a></blockquote>


Troop, how much longer can this guy hold on? Empty place, embarrassingly overpriced, and piling up HOA, mortgage and tax expenses?</blockquote>
Some people love the pain but sooner or later he will fold.
 
[quote author="morekaos" date=1222997608]What exactly goes through a Realtards mind when they look at the credit market the way it is, medians dropping and they are stuck with this POS bank owned shack without a bite for over 218 days and suddenly they have this John Travolta "Phenomenon" epiphany that raising the price might actually work....WTF



Listing Price History

Date Price

Feb 27, 2008 $724,900

Mar 11, 2008 $699,000

Mar 20, 2008 $649,000

Jul 08, 2008 $624,000

Jul 15, 2008 $595,000

Sep 23, 2008 $625,000



http://www.redfin.com/CA/Long-Beach/243-La-Verne-Ave-90803/home/7597250</blockquote>


Wow this place finally went for $531M...what a massive hit and bellow the 2004 price.

<a href="http://www.redfin.com/CA/Long-Beach/243-La-Verne-Ave-90803/home/7597250">La Verne</a>
 
[quote author="morekaos" date=1223856441]In the shore, last purchase $1,300,00.00 now half off and 371 a square foot. My how the mighty have fallen.



http://www.redfin.com/CA/Long-Beach/209-Glendora-Ave-90803/home/7597200[/quot]



It's Back!! This place has been on and off the market since May 2008 and still no takers at half off. I guess they were waiting for the market to firm up and that Spring selling season...NOT!!



<a href="http://www.redfin.com/CA/Long-Beach/209-Glendora-Ave-90803/home/7597200">Glendora</a>
 
[quote author="morekaos" date=1236036286][quote author="morekaos" date=1223856441]In the shore, last purchase $1,300,00.00 now half off and 371 a square foot. My how the mighty have fallen.



http://www.redfin.com/CA/Long-Beach/209-Glendora-Ave-90803/home/7597200[/quot]



It's Back!! This place has been on and off the market since May 2008 and still no takers at half off. I guess they were waiting for the market to firm up and that Spring selling season...NOT!!



<a href="http://www.redfin.com/CA/Long-Beach/209-Glendora-Ave-90803/home/7597200">Glendora</a></blockquote>


The $361 per sq.ft. is about the 2002 price. According to propertyshark, the 2002 SFR price for 90803 was $368/sq.ft.



Of course, in 2001 the price was $300/sq.ft.
 
No, that can't be right. How did this Lido Island home get into the Naples listings? Wait, that is on Naples, but that price of $6.5 million MUST be a misprint. They meant $1.5 mil and just hit the key 6 over by accident. Yah, that must be it, who would have the absolute stones to ask $1282.00 a square foot in one of the worst real estate markets in history? Not this guy. I will call Kieth Muirhead and tell him he needs to update his MLS. I'm sure it it will all be cleared up by this afternoon.



<a href="http://www.redfin.com/CA/Long-Beach/5565-Naples-Canal-90803/home/7593565">Naples</a>
 
[quote author="morekaos" date=1236053965]No bridges to go under so you can put a sailboat or bigger powerboat there.</blockquote>


That is what I was thinking, but I do not know that I would call it open water. Low tide is a lot lower in the canal.



But, anyways, $6.5 mil? Huh?
 
[quote author="freedomCM" date=1236236549]i think that 'art' is supposed to inspire you to move your bowels!</blockquote>


Mission accomplished!
 
there are 1 or 2 homes in naples that i see come up for 4 or 6mil and then they go away but i dont think they sell and i dont even have an interest to check :) it is amazing someone selling there house in lb thinks they can get 3 , 4mil , 5mil. i live in lb, its nice but not 5mil nice :)
 
there are 1 or 2 homes in naples that i see come up for 4 or 6mil and then they go away but i dont think they sell and i dont even have an interest to check :) it is amazing someone selling there house in lb thinks they can get 3 , 4mil , 5mil. i live in lb, its nice but not 5mil nice
 
[quote author="frugalwithclass" date=1236253691]there are 1 or 2 homes in naples that i see come up for 4 or 6mil and then they go away but i dont think they sell and i dont even have an interest to check :) it is amazing someone selling there house in lb thinks they can get 3 , 4mil , 5mil. i live in lb, its nice but not 5mil nice</blockquote>


They do sell in that range, believe it or not.



<a href="http://www.redfin.com/CA/Long-Beach/5518-E-The-Toledo-90803/home/7593569">4 mil</a>



<a href="http://www.redfin.com/CA/Long-Beach/6-Rivo-Alto-Canal-90803/home/7593593">4.5 mil</a>
 
[quote author="awgee" date=1236293908]6 Rivo Alto is gorgeous, but $4.5 mil?</blockquote>


I love that house too but they had that comp cady corner on Treasure Island that I heard went for 8 Million. Nice houses but yah, that is alot of dough



<a href="http://www.redfin.com/CA/Long-Beach/5558-Naples-Canal-90803/home/7593773">8.1 mil</a>
 
[quote author="morekaos" date=1218852771]Wow!! This divorce must be going very badly. They just lopped off another $100,000.00. Yikes



http://www.redfin.com/CA/Long-Beach/5816-E-Appian-Way-90803/home/7592345



Listing Price History

Date Price

May 13, 2008 $1,350,000

May 19, 2008 $1,249,000

May 19, 2008 $1,199,000

Jul 07, 2008 $1,098,000

Jul 13, 2008 $999,000

Aug 05, 2008 $899,000

Aug 13, 2008 $799,000</blockquote>


Wow, life just gets better and better for this poor angler. Not only did he slash his price to get a bite but his fish threw the hook and now he sits seven months latter trying to troll another bait. Only a storm has formed and is swamping his boat. What do you do? Fish or swim? Drowning is a real possibility now.



<a href="http://www.redfin.com/CA/Long-Beach/5816-E-Appian-Way-90803/home/7592345?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">5816 E Appian</a>
 
[quote author="morekaos" date=1236386248][quote author="morekaos" date=1218852771]Wow!! This divorce must be going very badly. They just lopped off another $100,000.00. Yikes



http://www.redfin.com/CA/Long-Beach/5816-E-Appian-Way-90803/home/7592345



Listing Price History

Date Price

May 13, 2008 $1,350,000

May 19, 2008 $1,249,000

May 19, 2008 $1,199,000

Jul 07, 2008 $1,098,000

Jul 13, 2008 $999,000

Aug 05, 2008 $899,000

Aug 13, 2008 $799,000</blockquote>


Wow, life just gets better and better for this poor angler. Not only did he slash his price to get a bite but his fish threw the hook and now he sits seven months latter trying to troll another bait. Only a storm has formed and is swamping his boat. What do you do? Fish or swim? Drowning is a real possibility now.



<a href="http://www.redfin.com/CA/Long-Beach/5816-E-Appian-Way-90803/home/7592345?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">5816 E Appian</a></blockquote>


Looks like all the water from the storm is creating further problems:



"Mold in Kitchen and sub floors. Some stucco damage."
 
[quote author="morekaos" date=1219720277]DOH!!!! That's half off.



388 E Ocean Blvd #P15

Long Beach, CA 90802



<strong><span style="color: red;"><span style="font-size: 13px;">Price: $700,000 </span></span></strong>





Listing Price History

Date Price

Jun 16, 2008 $1,000,000

Jun 23, 2008 $700,000

Aug 07, 2008 $550,000

Aug 08, 2008 $700,000



Date Price Appreciation

Jul 03, 2006 $1,022,500 --

<span style="color: red;"><span style="font-size: 13px;"><strong>Jul 11, 2007 $1,350,000 </strong></span></span>31.3%/yr





http://www.redfin.com/CA/Long-Beach/388-E-Ocean-Blvd-90802/unit-P15/home/8181586</blockquote>


You know I am in a nostalgic mood lately so I took a gander at this old listing...OH MY GOD!!! <span style="color: red;"><span style="font-size: 13px;"><strong>$1,350,000 in 2007</strong></span></span>. Went to the bank at at $655,000 in August of 2008 and sold in November of 2008 for (drum roll please) <span style="color: red;"><span style="font-size: 14px;"><strong>$515,000.00 dollars</strong></span></span>. A Stunning 62% loss in a year and some change. That is the very definition of COLLAPSE!!!



<a href="http://www.redfin.com/CA/Long-Beach/388-E-Ocean-Blvd-90802/unit-P15/home/8181586">OUCH!!!!!</a>
 
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