The 365 club

We are aware that properties aren't quite selling as quickly as they used to. But this is ridiculous. All of the following properties are members of my not-so-elite "365 club" - they've all been on the market for more than a year without a sale. All are still active on Redfin. Get 'em while they last...

35 Wightman Court, Dana Point
Days on Redfin: 539
Asking price: $849,900 ($773/sq ft)
Original asking price: $849,900
Purchase price: $816,000
Description quote: "Ready to move in and selling furnished."
Analysis: Think price is an issue? There's another same-size unit for sale that's asking $719,900, and it's been on the market for 123 days. Does not bode well for either of them.

437 Calle Empalme, San Clemente
Days on Redfin: 425
Asking price: $895,000 ($597/sq ft)
Original asking price: $895,000
Purchase price: $195,000
Quote: "COULD PUT ADDITIONAL GARAGE, MORE LIVING SPACE, YOU NAME IT!"
Analysis: Despite the can-do description, this property is priced about $150,000 more than a nearby (bigger) place sold for in October. The purchase price would imply the owners should have plenty of equity...simple indifference to selling or HELOC implosion?

32501 Vivente De Marlita, SJC
Days on Redfin: 527
Asking price: $839,990 ($341/sq ft)
Original asking price: $869,990
Purchase price: $551,000
Quote: "Nearly new immaculate home; doesn't look lived in."
Analysis: Last price drop: July 1, 2006. Think how much has changed since then. And not in a good way. Previous sale amount again suggests there could be a HELOC/bad loan in play.

31867 Circle Drive, Laguna Beach
Days on Redfin: 501
Asking price: $1,950,000 ($1,315/sq ft)
Original asking price: $2,695,000
Purchase price: $408,000
Quote: "...totally redone in beach chic style with fantastic ocean views and access to two beaches"
Analysis: "Beach chic?" OK, so the house isn't selling, but no need to just start making words up. In all seriousness, the ocean views from this place look incredible.

24 Northwinds, Aliso Viejo
Days on Redfin: 392
Asking price: $785,000 ($375/sq ft)
Original asking price: $879,000
Quote: "PRICED RIGHT!!... 3 car garage for all your toys"
Analysis: Sure it's priced right. That would explain why it's only been on the market for 13 months. Give me a shout once you've arrived back on planet Earth.