Long Beach (Live in the LBC)

NEW -> Contingent Buyer Assistance Program
[quote author="morekaos"]
[quote author="morekaos"]Where do you think this one goes out the door at? The owners are incrementally, excruciatingly moving the price lower every other week. This is like a slow, back wards auction. Where will the gavel drop?

http://www.redfin.com/CA/Long-Beach/296-Monrovia-Ave-90803/home/7596863

Dec 02, 2009 Price Changed $879,999 -- SoCalMLS #P696687
Nov 17, 2009 Price Changed $890,000 -- SoCalMLS #P696687
Nov 12, 2009 Price Changed $892,500 -- SoCalMLS #P696687
Nov 09, 2009 Price Changed $895,000 -- SoCalMLS #P696687
Oct 27, 2009 Price Changed $895,999 -- SoCalMLS #P696687
Oct 19, 2009 Price Changed $915,000 -- SoCalMLS #P696687
Oct 15, 2009 Price Changed $924,900 -- SoCalMLS #P696687
Oct 12, 2009 Price Changed $949,900 -- SoCalMLS #P696687
Sep 17, 2009 Price Changed $975,000 -- SoCalMLS #P696687
Sep 09, 2009 Price Changed $995,000 -- SoCalMLS #P696687
Jul 24, 2009 Listed $1,055,000 -- SoCalMLS #P696687
[/quote]

I have to have to hand it to him, he has a plan and he is implementing it. The suspense is killing me! Where will a buyer be found?

Dec 21, 2009 Price Changed $865,000 -- SoCalMLS #P696687
Dec 14, 2009 Price Changed $875,000 -- SoCalMLS #P696687
Dec 02, 2009 Price Changed $879,999 -- SoCalMLS #P696687
Nov 17, 2009 Price Changed $890,000 -- SoCalMLS #P696687
Nov 12, 2009 Price Changed $892,500 -- SoCalMLS #P696687
Nov 09, 2009 Price Changed $895,000 -- SoCalMLS #P696687
Oct 27, 2009 Price Changed $895,999 -- SoCalMLS #P696687
Oct 19, 2009 Price Changed $915,000 -- SoCalMLS #P696687
Oct 15, 2009 Price Changed $924,900 -- SoCalMLS #P696687
Oct 12, 2009 Price Changed $949,900 -- SoCalMLS #P696687
Sep 17, 2009 Price Changed $975,000 -- SoCalMLS #P696687
Sep 09, 2009 Price Changed $995,000 -- SoCalMLS #P696687
Jul 24, 2009 Listed $1,055,000 -- SoCalMLS #P696687
[/quote]

Quickly approaching the 700s. Fasten your seat belts!!

Jan 20, 2010 Price Changed $835,000 -- SoCalMLS #P696687
Jan 10, 2010 Price Changed $849,900 -- SoCalMLS #P696687
Jan 07, 2010 Relisted -- -- SoCalMLS #P696687
Jan 06, 2010 Price Changed $824,900 -- SoCalMLS #P696687
Jan 06, 2010 Delisted -- -- SoCalMLS #P696687
Jan 04, 2010 Price Changed $835,500 -- SoCalMLS #P696687
Dec 29, 2009 Price Changed $837,900 -- SoCalMLS #P696687
Dec 29, 2009 Price Changed $849,900 -- SoCalMLS #P696687
Dec 24, 2009 Price Changed $848,000 -- SoCalMLS #P696687
Dec 21, 2009 Price Changed $865,000 -- SoCalMLS #P696687
Dec 14, 2009 Price Changed $875,000 -- SoCalMLS #P696687
Dec 02, 2009 Price Changed $879,999 -- SoCalMLS #P696687
Nov 17, 2009 Price Changed $890,000 -- SoCalMLS #P696687
Nov 12, 2009 Price Changed $892,500 -- SoCalMLS #P696687
Nov 09, 2009 Price Changed $895,000 -- SoCalMLS #P696687
Oct 27, 2009 Price Changed $895,999 -- SoCalMLS #P696687
Oct 19, 2009 Price Changed $915,000 -- SoCalMLS #P696687
Oct 15, 2009 Price Changed $924,900 -- SoCalMLS #P696687
Oct 12, 2009 Price Changed $949,900 -- SoCalMLS #P696687
Sep 17, 2009 Price Changed $975,000 -- SoCalMLS #P696687
Sep 09, 2009 Price Changed $995,000 -- SoCalMLS #P696687
Jul 24, 2009 Listed $1,055,000 -- SoCalMLS #P696687
 
What is up with this street? (Belmont). It literally is 8 houses and half of them are or were in trouble. Here is the post at IHB dated May 5, 2009

"I have been watching this street in the Shore for awhile now and it is astounding that for such a short street (8 houses) I have posted 3 of them that are in trouble or bank owned. How can 35% of a street be in foreclosure?

25 Belmont Never sold http://www.redfin.com/CA/Long-Beach/25-Belmont-Ave-90803/home/12284836

27 Belmont For sale http://www.redfin.com/CA/Long-Beach/27-Belmont-Ave-90803/home/8181463

45 Belmont Never sold http://www.redfin.com/CA/Long-Beach/45-Belmont-Ave-90803/home/7602303"

Now, here is another

http://www.redfin.com/CA/Long-Beach/39-Belmont-Ave-90803/home/21916699
 
To be honest, the flooding this week in the LBC, Belmont Shores, and Wilson High is making me a little concern about buying there. I said this all along, I know the Shore is not a New Orleans, where it is below sea level but it's pretty close darn close. The pic from the LB Post are truly terrifying... and some of the comments some residences have made are also telling... I was searching for some 2nd street flood videos on youtube and also found some disturbing videos of public urination and fights... I know storms like this doesn't come every 10 years or so... but this has got to drive some home prices down... I sincerely remember a house at the shores for around $400k before 2000...

http://www.lbpost.com/samuel/8032

http://www.lbpost.com/ryan/8038

http://www.lbpost.com/ryan/8050
 
[quote author="morekaos"]What is up with this street? (Belmont). It literally is 8 houses and half of them are or were in trouble. Here is the post at IHB dated May 5, 2009

"I have been watching this street in the Shore for awhile now and it is astounding that for such a short street (8 houses) I have posted 3 of them that are in trouble or bank owned. How can 35% of a street be in foreclosure?

25 Belmont Never sold http://www.redfin.com/CA/Long-Beach/25-Belmont-Ave-90803/home/12284836

27 Belmont For sale http://www.redfin.com/CA/Long-Beach/27-Belmont-Ave-90803/home/8181463

45 Belmont Never sold http://www.redfin.com/CA/Long-Beach/45-Belmont-Ave-90803/home/7602303"

Now, here is another

http://www.redfin.com/CA/Long-Beach/39-Belmont-Ave-90803/home/21916699[/quote]

mk, are you seeing what I'm seeing?
http://www.redfin.com/CA/Long-Beach/39-Belmont-Ave-90803/home/21916699
 
Where exactly do Realtards arrive at their price points? This drives me crazy!! These are the professionals that are supposed to help guide you through the difficult process of pricing your home to induce a sale. You might think they would look at comps in a neighborhood, or at least on the same street. I know, not every house is the same but to my layman eyes I would think more square footage would equal more money. I suppose that is why I am not a professional in this area but it does look troubling. Take for example this water home...

http://www.redfin.com/CA/Long-Beach/166-Rivo-Alto-Canal-90803/home/7592700

Nice, on the water 2 bed 1.75 pooper 1303 square footer asking...Whaaa??? $1150 a square foot? Must be some impressive comps to demand such a kings ransom. Lets check.

http://www.redfin.com/CA/Long-Beach/86-Rivo-Alto-Canal-90803/home/7593627


Here is cool home just to the right that sold in October. Wow, 3 bedroom 2 and 3/4 bath, 1200 sq feet larger, should be around 2.7 mil at 1150/sq. Whaaaa? It SOLD for $546.00 a square foot? Man, that guy got ripped off!!

Let's check another.

http://www.redfin.com/CA/Long-Beach/97-Rivo-Alto-Canal-90803/home/7592657

Here we go, this one sold in August. It's larger (4 BR 2.75 BA) and has almost 750 more square feet. This one must have gone for around $2.3 million, right? Waitttt, some guys stole this place for only $1.3 million, saved a million. What a sucker seller!! $635.00 a square foot, such a deal.

How can a professional come to the conclusion that $1150 a square foot is "reasonable"? I just don't see it. Maybe this home is the hidden entrance to Hogwarts or floats on a vast pool of oil. Where do Realtards get their pricing models? Out of their Arse?
 
[quote author="morekaos"]Hey RC, I think the Marine Stadium house you were watching is back.

http://www.redfin.com/CA/Long-Beach/376-Audra-Dr-90803/home/7591114[/quote]

She is getting greedy! It was listed for $849,000 just last month... somehow the Realtor has a fresh new listing without showing the previous delistings... I thought she was VERY motivated, she already bought a new property, a single mom, newly divorced, with a kid under 1...! I guess she needs the $$, but she should have some equity even after splitting it in half with the ex...

The house on Claremont has raised it's price also, from $699,000 to $739,000

better buy now!
 
[quote author="morekaos"]What planet are these Realtors outsourcing their pricing models to?[/quote]
It's in the little booklets they hand out at the realtor orientation. Unfortunately I tossed it as soon as they gave it to me.
 
What do you guys think?

P719830_0.jpg

http://www.redfin.com/CA/Long-Beach/169-Glendora-Ave-90803/home/7595958

small but we can make it work for our family... on the beach side of BS...

based on redfin's resale comps, a fair price is around $517k, and based on current for sales it's around $491k... now we are talking... if we see this price point by years end, I'll be up for buying in the LBC...
 
There is not enough room for a thought in that place...864 square feet? Can you imagine that small space with kids? Nooooooo!!
 
[quote author="morekaos"]There is not enough room for a thought in that place...864 square feet? Can you imagine that small space with kids? Nooooooo!![/quote]
Way too small for even a couple. If you can build a second story and add another 700-800sf then maybe but not at that price. PASS!
 
I like the glendora house, but only one garage spot? it looks like they get the small yard in exchange.

and are the permits good? the tax roll shows half the sqft.
 
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