Saturday, September 29, 2007

They just don't get it

Here's a quick-hit list of local properties that have all been listed on Redfin for laughable amounts of time. Are these owners finally ready to deal, or are they still hoping for buyers to materialize who can pay these high prices? Click on the address to see the complete Redfin listing.

26482 El Mar Drive, Mission Viejo, 92691
Asking price: $829,000
Size: 4 beds, 3 baths, 2,897 sq ft (built in 1969)
Days on Redfin: 305
Original asking price: $949,000
Last sale: $725,000 on 11/16/2004

15 Calle Gaulteria, San Clemente, 92673
Asking price: $1.595 million
Size: 4 beds, 3.5 baths, 3,705 sq ft (built in 2005)
Days on Redfin: 200
Original asking price: $1.795 million
Last sale: $1,273,500 on 12/17/2004

31423 S. Coast Hwy #86, Laguna Beach, 92651
Asking price: $1.995 million ($1,814 per sq ft!)
Size: 1 bed, 1 bath, 1,100 sq ft (built in 1970)
Days on Redfin: 526
Original asking price: $2.395 million
Last sale: $1.395 million on 1/31/2006

32501 Vivente De Marlita, S.J. Capistrano, 92675
Asking price: $839,990
Size: 4 beds 3 baths, 2,466 sq ft (built in 2003)
Days on Redfin: 475
Original asking price: $869,990
Last sale: $551,000 on 3/7/2003

35 Wightman Court, Dana Point, 92629
Asking price: $849,900 ($773 per sq ft)
Size: 2 beds, 2 baths, 1,1oo sq ft (built in 1989)
Days on Redfin: 487
Original asking price: $849,900 (no change)
Last sale: $816,000 on 5/26/2006

Here's one more owner who really doesn't get it...
2 Sidra, Newport Coast, 92657
Asking price: $2.45 million
Size: 4 beds, 2.5 baths (built in 2002)
Days on Redfin: 191
Original asking price: $2.595 million
Last sale: $540,500 on 3/21/2003

2 comments:

Anonymous said...

No they don't get it. I don't think they really want to move.

Anonymous said...

Question on Vista Oceana. I see condos are lising under $200K. What is the story? Crackhosue? Den of Prostitution? How low can they go? Where were they in 2002? How about in 1995 before the dotcom phenomenon?

Thanks...great site...