Losses Outside of Irvine

NEW -> Contingent Buyer Assistance Program
Aliso is a very nice community. The commercial centers can be crowded on the weekends, but aesthetically it is a nice community.
 
<p>A local developer on the space coast, not one you'd know of. advertised a `13% to 25% "temporary" sale. Actually, with the 25%, you probably'd not be doing too badly. The lowest offering is $178, which is chump change out there, but pretty expensive here with our extremely low salaries. You could probably get some other inducements to go along with the lower prices.</p>

<p>Lennar is doing its all houses to be sold in 30 days thing, with 2 weeks left. Strangely enough, the ad is all in black with pictures of the houses, and past and present prices of the offerings embedded in the blackness. . It looks very unappetizing. It looks like a death announcement, actually.</p>

<p>They advertising in black out there?</p>

<p>2425---How are they squeezing 4 bedrooms in less than 1200 square feet? All the rooms must be tiny.</p>

<p>I was going to say, sorry for it being off the topic, but it's a loss and it's outside of Irvine, 'waaaaay outside Irvine, so maybe not off topic.</p>
 
One of the reasons that the inventory is moving is because of the affordability factor. The second factor is more or less psychological. What we are seeing is a 25% off sale. People who been waiting for a while are buying now, simply because of the 25% off. I personally think, it’s nothing but a “Bear Trap” . We are still way off 2003 prices and the rael correction is yet to come.




 
Today's report 11/11/07

25852 VIA LOMAS #38, Laguna Hills, CA 92653

List Price: $260,000

Last Sale: 01/06/06

Sales Price: $395,000

Bedrooms: 2

Full Baths: 2

Partial Baths: 0

Square Feet: 897

Lot Size: N/A

Year Built: 1981

Listing Date: 11/08/07

On Market: 2 days

Type: CONDO/TH

Status: ACTIVE

MLS #: P609564

*****************

7 GREENBORROW COURT, Aliso Viejo, CA 92656

List Price: $445,000

Last Sale: 05/25/04

Sales Price: $550,000

Bedrooms: 3

Full Baths: 2

Partial Baths: 0

Square Feet: 1,367

Lot Size: N/A

Year Built: 1997

Listing Date: 11/09/07

On Market: 1 day

Type: CONDO/TH

Status: ACTIVE

MLS #: S512404

******************

27945 VIA DEL AGUA, Laguna Niguel, CA 92677

List Price: $315,000

Last Sale: 09/08/06

Sales Price: $404,000

Bedrooms: 1

Full Baths: 1

Partial Baths: 0

Square Feet: 891

Lot Size: N/A

Year Built: 1994

Listing Date: 11/09/07

On Market: 1 day

Type: CONDO/TH

Status: ACTIVE

MLS #: S512406

*****************

56 SKYWOOD STREET, Mission Viejo, CA 92694

List Price: $799,000

Last Sale: 09/29/05

Sales Price: $920,000

Bedrooms: 4

Full Baths: 3

Partial Baths: 0

Square Feet: 2,300

Lot Size: 7,000 Sq. Ft.

Year Built: 2000

Listing Date: 11/09/07

On Market: 1 day

Type: SFR

Status: ACTIVE

MLS #: S512385

*******************

36 COPPERSTONE LANE, Mission Viejo, CA 92692

List Price: $739,900

Last Sale: 08/01/05

Sales Price: $860,000

Bedrooms: 3

Full Baths: 2

Partial Baths: 1

Square Feet: 2,325

Lot Size: 6,806 Sq. Ft.

Year Built: 2000

Listing Date: 11/10/07

On Market: 0 day

Type: SFR

Status: ACTIVE

MLS #: S512407
 
<p>Less than the 2004 sale price.</p>

<p>641 South Bronwyn DR


Anaheim, CA 92804</p>

<p>Price: $417,000 </p>

<p>$/Sq. Ft.: $339 </p>

<p>Beds: 3


Baths: 2


Sq. Ft.: 1,229</p>

<p>Sale History:</p>

05/06/2004 $430,000


09/18/1996 $147,000


04/25/1996 $155,000


10/13/1988 $165,500


<p><img alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/123/P570123_2_1.jpg" /></p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=634291">http://www.redfin.com/stingray/do/printable-listing?listing-id=634291</a></p>
 
<p>Big ouch! Yet another tanking house in Anahiem:</p>

<p>901 North Lenz DR


Anaheim, CA 92805</p>

<p><strong>Price: $440,000 </strong></p>

<p>$/Sq. Ft.: <strong>$226</strong> </p>

<p>Beds: 3


Baths: 2


Sq. Ft.: 1,950</p>

<p>Sale History:</p>

<strong>06/30/2006 $635,000</strong>


04/26/1991 $197,500


12/06/1989 $195,000


<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1284399">http://www.redfin.com/stingray/do/printable-listing?listing-id=1284399</a></p>
 
87 PAMPLONA, Aliso Viejo, CA 92656

List Price: $419,900

Last Sale: 08/29/05

Sales Price: $485,000

Bedrooms: 2

Full Baths: 2

Partial Baths: 0

Square Feet: 1,213

Lot Size: 2,947 Sq. Ft.

Year Built: 1991

Listing Date: 11/12/07

On Market: 1 day

Type: CONDO/TH

Status: ACTIVE

MLS #: S512554

****************

24932 EXPRESS DRIVE, Laguna Hills, CA 92653**

List Price: $489,000

Last Sale: 06/15/05

Sales Price: $635,000

Bedrooms: 2

Full Baths: 2

Partial Baths: 0

Square Feet: 1,075

Lot Size: 7,840 Sq. Ft.

Year Built: 1971

Listing Date: 11/10/07

On Market: 3 days

Type: SFR

Status: ACTIVE

MLS #: S512527
 
<p>It appears the last sales price on this property was $1,300,500 which would correlate well with the property tax of $15,320.</p>

<p>If this property sells at full price, ( snicker - snicker ), and assuming a 5% commish, loss will be at least $161,450 or 12%. Ouch.</p>

<p>14 Meritage


Coto De Caza, CA 92679


Beds: 4


Baths: 3


Sq. Ft.: 2,900


$/Sq. Ft.: $413


Lot Size: 5,500 sq. ft.


Type: Single Family Residence


Style: Contemporary


Year Built: 1993


Stories: Two Levels


View(s): Golf Course


Area: Coto De Caza


County: Orange


MLS#: S512497


Status: Active


On Redfin: 1 day


</p>
 
<p>The last sale on this property, per Redfin, was $975,000 on 8/31/2005. At a full price sale and 5% commissions, the loss will be $120,950 or 12% in less than two years. I cannot help but wonder how much they put down.</p>

<p>One of the statements that it seems every re agent in Coto is taught to utter is, "The problems in the rest of the real estate market aren't affecting homes here in Coto." Yeah, I guess not. </p>

<p>Price: $899,000


Redfin Savings: $17,980*


48 Creek View RD


Coto De Caza, CA 92679


Beds: 5


Baths: 2.5


Sq. Ft.: 2,898


$/Sq. Ft.: $310


Lot Size: 7,200 sq. ft.


Type: Single Family Residence


Style: Contemporary/Modern


Year Built: 1997


Stories: Two Levels


View(s): Hills


Area: Coto De Caza


County: Orange


MLS#: S511621


Status: Active


On Redfin: 9 days </p>

<p></p>
 
<p>Purchase price - $1,325,000 - purchase date - 6-08-2005</p>

<p>Including 5% commish, minimum loss will be $280,950 or 21% is less than two years.</p>

<p>But, remember, real estate problems in other places aren't affecting Coto, because Coto is ... ?</p>

<p>Price: $1,099,000


Redfin Savings: $21,980*


11 Pine VLY


Coto De Caza, CA 92679


Beds: 5


Baths: 2.5


Sq. Ft.: 3,424


$/Sq. Ft.: $321


Lot Size: 0.32 acres


Type: Single Family Residence


Style: Other


Year Built: 1990


Stories: Two Levels


View(s): Hills, Mountain, Panoramic, Pool, Has View


Area: Coto De Caza


County: Orange


MLS#: S512389


Status: Active


On Redfin: 3 days


</p>
 
<p>Looks like another rollback to pre-2005 prices</p>

<p>purchased on 3-15-2005 for $1,263,000</p>

<p>Let's <strong>assume</strong> a full offer price sale of $1,099,000. That incurs a loss of $218,950 including 5% re commissions, or 17% from the 2005 price in less than three years. Do you think that is a 2004 price or a 2003 price or ... ? And it hasn't sold yet.</p>



<p>Price: $1,099,000


Redfin Savings: $21,980*


30 Calle De Princesa


Coto De Caza, CA 92679


Beds: 5


Baths: 3.5


Sq. Ft.: 3,500


$/Sq. Ft.: $314


Lot Size: 10,000 sq. ft.


Type: Single Family Residence


Style: Mediterranean


Year Built: 1987


Stories: Two Levels


View(s): Golf Course, Mountain


Area: Coto De Caza


County: Orange


MLS#: S496113


Status: Active


On Redfin: 127 days


Unsold in 90+ days </p>

<p> </p>






<p></p>
 
San Juan Capistrano...asking price is 36% off last sale. Total loss would be $162,300 if this sold and assuming 6% sales costs.


<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1057600">31604 Los Rios St. #145, SJC, 92675


</a><strong>Asking price:</strong> $305,000


<strong>Purchase price:</strong> $475,000


<strong>Purchase date:</strong> 3/21/2006


<strong>Original asking price:</strong> $449,000


<strong>From listing:</strong> VERY NEET TOWNHOME, Excelent for first time buyer, located in very nice area, walking distance to school, shopping center, Mission and transportacion.





http://www.southoctracker.com/2007/11/36-off-in-san-juan-neet.html
 
<p>At least now the fixers are being priced as fixers (sorta). I wonder if the former "owners" trashed the place on their way to REO?</p>

<p>4218 WEST ASH AVENUE


Fullerton, CA 92833</p>

<p><strong>Price: $437,500 </strong></p>

<p>$/Sq. Ft.: $351 </p>

<p>Beds: 4


Baths: 2


Sq. Ft.: 1,245</p>

<p>Sale History:</p>

<strong>10/02/2007 $496,350</strong>


<strong>10/02/2006 $600,000</strong>


07/08/2004 $445,000


04/16/2003 $300,500


<img alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/467/P607467_0.jpg" />

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1255200">http://www.redfin.com/stingray/do/printable-listing?listing-id=1255200</a></p>
 
<p>I think that the pictured houses, and most of IR's posts are just what would be slightly ragged mid middle class housing here in Florida. Just not very interesting in themselves. That house is totally boring and it wouldn't be interesting even if you painted it pink and purple stripes. I don't think even my architect daughter could funk it up.</p>

<p>After a while you just get stupified at the humongous prices. There isn't one listing shown on any of these posts, which I consider even close to a normal price, even in over priced Miami, for the rest of the country, save New York City or Boston, or, I guess elsewhere in California.</p>
 
27 ARUBA STREET #223, Laguna Niguel, CA 92677

List Price: $300,000

Last Sale: 11/23/05

Sales Price: $398,000

Bedrooms: 2

Full Baths: 2

Partial Baths: 0

Square Feet: 950

Lot Size: N/A

Year Built: 1985

Listing Date: 11/12/07

On Market: 2 days

Type: CONDO/TH

Status: ACTIVE

MLS #: P610034

******************

27243 LAS NIEVES, Mission Viejo, CA 92691

List Price: $499,900

Last Sale: 07/29/05

Sales Price: $608,000

Bedrooms: 3

Full Baths: 2

Partial Baths: 0

Square Feet: 1,120

Lot Size: 4,750 Sq. Ft.

Year Built: 1976

Listing Date: 11/12/07

On Market: 2 days

Type: SFR

Status: ACTIVE

MLS #: S512660
 
<p>Somebody seriously bought a pink, 1954 house with no air conditioning for almost $600K. Seeing absurd things like this made me sure something was not right with our housing market.</p>

<p>1129 West VERMONT AVE


Anaheim, CA 92802</p>

<p><strong>Price: $425,000 </strong></p>

<p>$/Sq. Ft.: $318 </p>

<p>Beds: 4


Baths: 2


Sq. Ft.: 1,336</p>

<p>Sale History:</p>

<strong>04/11/2006 $592,000 </strong>

<p><img alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/485/P609485_0.jpg" /> </p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1283036">http://www.redfin.com/stingray/do/printable-listing?listing-id=1283036</a></p>
 
<p>Fishy sale history.</p>

<p>35 LA SALLE LANE, Mission Viejo, CA 92694


List Price: $674,900


Last Sale: 07/27/07


Sales Price: $789,452


Bedrooms: 4


Full Baths: 2


Partial Baths: 1


Square Feet: 2,400


Lot Size: 5,500 Sq. Ft.


Year Built: 2003


Listing Date: 11/14/07


On Market: 1 day


Type: SFR


Status: ACTIVE


MLS #: P610255 </p>

<p>07/27/2007 $789,452 -10.1%/yr


04/27/2006 $902,000 15.2%/yr


11/16/2004 $735,000 -- </p>

<p> </p>

<p>


</p>
 
8 HAMPSHIRE COURT, Mission Viejo, CA 92694

List Price: $1,795,000

Last Sale: 11/30/05

Sales Price: $2,050,000

Bedrooms: 4

Full Baths: 5

Partial Baths: 1

Square Feet: 4,500

Lot Size: 10,000 Sq. Ft.

Year Built: 2005

Listing Date: 11/15/07

On Market: 0 day

Type: SFR

Status: ACTIVE

MLS #: U7004804
 
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