Real Estate Awards (Mega Schadenfreude)

NEW -> Contingent Buyer Assistance Program
LM if you really want to see some smoke punch in 92624 on redfin and look along beach road. Shacks that were bought for 150,000 are asking 3-5 million and more...too much smoke down there in Capo
 
<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=644611">In Nellie Gail</a>:





<a target="_blank" href="http://i-0.rfimg.us/photo/46/bigphoto/980/S482980_0.jpg"><img width="200" height="150" alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/980/S482980_0.jpg" />





</a> Asking price history:








Apr 10, 2007



$1,924,900











Apr 27, 2007



$1,899,900











May 19, 2007



$1,889,900











Jun 01, 2007



$1,879,900











Jun 07, 2007



$1,849,900











Sep 25, 2007



$1,749,900











Oct 17, 2007



$1,699,900











Oct 29, 2007



$1,599,900











Oct 31, 2007



$1,499,900










Sales history:







<thead>

Date



Price



Appreciation



</thead>









Jun 02, 2000



$765,000





--













Jul 30, 2003



$1,010,000





9.2%/yr













Oct 27, 2006



$1,824,000





20.0%/yr












Loss of more than $400k assuming 6% commission. But the place still hasn't sold...
 
<p>Here are a few jaw droppers for ya LM</p>

<p>http://www.redfin.com/stingray/do/printable-listing?listing-id=628438</p>

<p>Price: <strong>$5,895,000 </strong></p>







Sales History









<thead>



Date

Price

Appreciation



</thead>





Feb 08, 1990

$595,000



--







Mar 11, 1991

$60,000



-87.9%/yr







Jan 04, 1994

$179,738



47.6%/yr







Nov 02, 1994

$70,000



-68.0%/yr







May 19, 1998

$380,000



61.2%/yr







Mar 14, 2002

$499,000



7.4%/yr







Sep 14, 2005

$3,800,000



78.5%/yr















<p>and this one...</p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1194737">http://www.redfin.com/stingray/do/printable-listing?listing-id=1194737</a></p>

<p>Price: <strong>$3,650,000 </strong></p>

<p>Sales History</p>





<thead>



Date

Price

Appreciation



</thead>





Jun 30, 1997

$700,000



--








 
17552 Medford must be friends with their neighbor next door at 17562. <a href="http://www.zillow.com/HomeDetails.htm?zprop=25440585">They bought their home for $752k a year ago</a>, and now it is scheduled for the auction at $631k. Of course, if the bank uses an AVM like zillow, they will price the minimum bid for even less.
 
Ut roh... not Coto. <a href="http://www.zillow.com/HomeDetails.htm?zprop=25617777">This place was bought for just over a mil in 2003</a>, and it is scheduled for the auction for just over a mil.
 
<p><em>"Ut roh... not Coto. <a href="http://www.zillow.com/HomeDetails.htm?zprop=25617777">This place was bought for just over a mil in 2003</a>, and it is scheduled for the auction for just over a mil."</em></p>

<p>We looked at that home during an open house many months ago when the property was listed with LeeAnn Canaday. The agent sitting on the open house was on her cell phone when we walked in and she barely acknowleged our existence, let alone get off the phone or even say boo. The home itself is beautiful, but was way overpriced at the time. I guess the family living there was in a hurry to leave for the day, because the kid's room was messy and there was an unflushed mess in the toilet. My wife was grossed out, and no matter how much she liked the house, she disliked every thing about it after seeing that bathroom. If LeeAnn or any of her peeps read this blog, you may want to brief your agents to do a quick check of the rooms and to be polite to the looky loos. Someday we are going to buy, and the wife does not forget bad experiences and the name on that sign. </p>
 
<p><img height="301" width="384" alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/147/P588147_2.jpg" /></p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=946542">http://www.redfin.com/stingray/do/printable-listing?listing-id=946542</a></p>







Listing Price History







<thead>



Date

Price



</thead>





Jul 11, 2007

$1,425,000





Jul 26, 2007

$1,245,000





Aug 18, 2007

$1,199,000





Oct 25, 2007

$1,050,000





Mar 02, 2008

$990,000








 
<a target="_blank" href="http://i-0.rfimg.us/photo/46/bigphoto/613/S495613_1.jpg"><img width="300" height="225" alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/613/S495613_1.jpg" /></a>


<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=891125"><strong>27 Gauguin CIR, Aliso Viejo </strong></a>









<thead>

Date

Price

</thead>





Jul 08, 2007

$560,000





Jul 20, 2007

$539,000





Aug 23, 2007

$525,000





Sep 27, 2007

$510,000





Jan 13, 2008

$499,900





Mar 31, 2008

$459,900













Current asking price is $459,900 ($100,100, or 18% off the original asking price of $560k)
 
geeze, that family room with the LCD seems perfect for wall mounting a 50 incher up there. Does not seem to be any windows that would cause glare



well at least their neighbor #29 is doing it with them :)



http://www.redfin.com/stingray/do/printable-listing?listing-id=1163500



Listing Price History

Date Price

Sep 26, 2007 $595,000

Mar 20, 2008 $495,000





Sales History

Date Price Appreciation

Jan 29, 1993 $200,000 --

Jul 20, 2001 $295,000 4.7%/yr

Mar 11, 2002 $309,000 7.5%/yr

Jan 12, 2004 $445,000 21.9%/yr

Jul 12, 2005 $585,000 20.0%/yr



That person who bought in 04 and sold in 05 must be happy.
 
I've visited this neighborhood before...like many of this era, some parts are packed in without driveways,and other areas are much better with full driveways. The best-located places are ones like the property 24 just posted on, since they back to the hill and have yards.
 
<p>My mouth just dropped when I noticed <a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=445648">this house</a> has been <strong><em>on the market for 582 DAYS!!!</em></strong></p>

Listing Price History







Date

Price

<img height="312" alt="" width="416" src="http://i-0.rfimg.us/photo/46/bigphoto/948/P534948_1.jpg" />





Jan 28, 2007

$1,099,000





Feb 07, 2007

$1,049,000





Feb 11, 2007

$999,000





Feb 13, 2007

$965,000





Feb 23, 2007

$935,000





May 16, 2007

$925,000





Jul 12, 2007

$899,000





Aug 15, 2007

$889,000





Aug 28, 2007

$875,000





Sep 11, 2007

$860,000





Oct 16, 2007

$799,000





Nov 15, 2007

$789,000





Jan 16, 2008

$719,000





Jan 29, 2008

$649,900





Mar 22, 2008

$648,000





Mar 26, 2008

$599,000




 
If that doesn't win first prize blue ribbon in a market-chaser award competition I don't know what would. Interesting that the previous sales price would indicate they should have tons of equity. Seems like a possible HELOC/cash out refi case.
 
<p>Great find, Halfnote. We'll have to keep an eye on this house. <img title="popcorn" alt="popcorn" border="0" src="http://blackhole.xerces.com/images/smilies/popcorn.gif" /></p>
 
i saw that listing last week. it actually wins my vote for the most WTF price.





$600/sqft for a pergranteel 60s house with low ceilings and a bad high school district was amazing. I think that they are still wishing at $300.





if the sell it soon (how likely?) by dropping it to $500k they will be lucky (though not much has moved in mesa verde lately!). ultimatley, i think that area goes back to 1999-2001 pricing of ~$300k
 
I don't see how a sane person would bite just yet...the expectations have been set that they will drop the price again by a relatively little bit, and then by more.
 
I just couldn't stop laughng and needed to post this somehwere so here it goes



http://www.redfin.com/stingray/do/printable-listing?listing-id=1617658



34456 Via Gomez

Dana Point, CA 92624

<span style="color: green;"><span style="font-size: 13px;"><strong>Price: $13,005,000 </strong></span></span>

Buy with Redfin and Save $260,100*

Beds: 2

Baths: 1

Sq. Ft.: 804

$/Sq. Ft.: $16,175

Lot Size: 10,010 Sq. Ft.

Lot: 10,000-19,999 Sq. Ft.

Property Type Attached, Single Family Residence

Year Built: 1953

Stories: 1 Level

View: Ocean

Area: Out of Area

County: Orange

MLS#: C08049314

Status: Active

On Redfin: 3 days Sales History



Date Price Appreciation

Aug 12, 1988 $171,000 --

Nov 18, 1997 $50,318 -12.4%/yr

Jun 06, 2003 $435,000 47.5%/yr

<strong>Jul 21, 2005 $1,000,000 </strong> 48.0%/yr
 
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