Let's call this an unexpected - but extremely beneficial - turn of events because wer'e not used to the NAR increasing transparency and information in ways that benefit consumers.
Realtor.com is now posting recent sales data...extremely fresh recent sales data...on its Web site under the "find home values" link on the left side of the homepage. Of course, our cynical side wonders just how accurate the prices are, since they don't include incentives or other discounts used to close the deal. Still, we'll try to give it the benefit of the doubt.
Either way, it's one quick and easy method to get a snapshot of your local market. We took a brief test drive to survey some of the recent closed sales showing up on the site. Here's a sampling of what we found, with some added info from other sources:
25186 Manzanita Drive, Dana Point, 92629
Sales price: $570,000
Sold date: 10/6
Last asking price: $669,000
Sold % of asking price: 85%
Previous sales price: $215,000
Previous sales date: 12/17/97
Gain/loss*: $355,000
28261 Oceana Del Mar, San Juan, 92675
Sales price: $1,479,500
Sold date: 10/3
Last asking price: $1,495,000
Sold % of asking price: 99%
Previous sales price: $1,640,000
Previous sales date: 12/14/04
Gain/loss: -$160,500
22 Via Alonso, San Clemente, 92673
Sales price: $645,000
Sold date: 10/3
Last asking price: $650,000
Sold % of asking price: 99%
Previous sales price: $503,750 (foreclosure)
Previous sales date: 7/17/08
Gain/loss: Depreciation of $118,000 from peak price of $763,000
36 King Eider Lane, Aliso Viejo, 92656
Sales price: $710,000
Sold date: 10/7
Last asking price: $719,000
Sold % of asking price: 99%
Previous sales price: $819,000
Previous sales date: 5/04/05
Gain/loss: -$109,000
19 Sea Grape Road, Ladera Ranch, 92694
Sales price: $833,000
Sold date: 10/1
Last asking price: $839,999
Sold % of asking price: 99%
Previous sales price: $985,000
Previous sales date: 4/29/05
Gain/loss: -$152,000
* - does not include sales costs
Friday, October 10, 2008
Thanks, Realtor.com!
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2 comments:
What's up with banks? There's a property that's been on the market for months, just sitting there. The price dropped to $715,000. It's a short sale now. Two offers at $650,000, bank turned both down, said it would take nothing lower than $700,000. Now it's about to go into foreclosure. Oh, and this is in Laguna Beach.
as long as they expect you and i to bail them out, they can continue to sit there like the king on the mountain. Remove the bailout of bad assets, replace it with a direct investment into the strongest banks and watch these properties pop-up like mushrooms.
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