Tuesday, March 04, 2008

Pending sales, March 4

All these South OC properties are recent additions to the pending sales list in the MLS. Not all may make it to closing, and we won't know what the final sales prices is for a while (we also never will know the full extent of incentives like seller-paid closing costs). Still, these are indicators of the type of activity going on in the local market.

Expect some of these to be short sales and REOs. In the case of an REO, the "purchase price" is sometimes actually the amount the property went back to the bank for. Some of the most recent sales or transactions might not even be showing up properly in Zillow at all.

Potential profit/loss assumes a completed sale at the full asking price, minus 6% sales costs, subtracted from the previous purchase price showing in Zillow.

19031 Willow Brook Lane, RSM, 92688
Last asking price: $690,000
Size: 4 beds, 3 baths, 2,500 sq ft
Listing date: 1/18/08
Purchase price: $885,000
Potential profit/loss: -$236,400


31022 Via Mirador, SJC,92675
Last asking price: $1,737,000
Size: 3 beds, 4.5 baths, 4,112 sq ft
Listing date: 1/8/08
Purchase price: $899,000
Potential profit/loss: $733,780


26701 Quail Crk #41, 92653
Last asking price: $225,000
Size: 1 bed, 1 bath, 676 sq ft
Listing date: 12/20/07
Purchase price: $305,000
Potential profit/loss: $-93,500


23052 Bouquet Cyn , Mission Viejo, 92692
Last asking price: $824,900
Size: 5 beds, 3 baths, 2,900 sq ft
Listing date: 2/17/08
Purchase price: $1,249,000
Potential profit/loss: $-473,594


32451 Seven Seas Dr, Dana Point, 92629
Last asking price: $3,200,000
Size: 4 beds, 5 baths, 4,391 sq ft
Listing date: 1/22/08
Purchase price: $1,620,000
Potential profit/loss: $1,388,000

2 comments:

ocrenter said...

looks like the Mission Viejo home was a REO. the final sale price would be interesting to follow, might even make it to the 1/2 million loss club.

southoctracker said...

Good point. I'll have to keep an eye on its closing price and update when that becomes available.