Unless someone pulls a rabbit out of a hat,
123 44th is not going to sell for what it did in January 2007.
One reason is that no one is getting out whole from 2007 acquisitions these days. We're living in 2004 prices all around town. (See "How Resales of '03-'06 Purchases Are Faring.")
Just one recent example of an…
Unless someone pulls a rabbit out of a hat,
123 44th is not going to sell for what it did in January 2007.
One reason is that no one is getting out whole from 2007 acquisitions these days. We're living in 2004 prices all around town. (See "
How Resales of '03-'06 Purchases Are Faring.")
Just one recent example of an '07-'09 loss:
2613 Oak sold for $1.199m,
down $186k (-13%) from its March 2007 price.
So, we're not betting on the rabbit turning up in El
Porto Norte.
Then why the little tinkering with the list price?
As the property history shows here
(click to enlarge), the listing began at
$1.475m, just $15k below its Jan. 2007 acquisition price. But not so long after, the price was corrected, upward, to
$1.490m – same as the 2007 price.
Whether the change reflected a data entry error or a change of heart doesn't really matter. If this home is going to sell, there are going to be much bigger adjustments in the opposite direction.
The nearby short sale at
201 43rd – a newer home with the same number of bedrooms (3) and a little more square footage at 1800 – isn't going to help at all. It's priced lower now at
$1.399m.
And did we mention that the holidays are coming up?
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 19th, 2024 at 2:30am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.