We're back today with a look at a few more properties that have entered the "backup offers accepted stage." Will they close, and if so, what will be the final price?
930 Rio Lindo, San Clemente 92673
Last asking price: $800,000
Previous sales price: $1,030,000
Previous sales date: 1/25/07
Listing description snippet: "Custom hardscape in front, newly painted in updated warm palette. Low HOA and no Mello Roos. This is NOT a short sale! "
Our comment: Sure, the asking price was well below the '07 price, but this isn't as much of a rollback as it first appears - the 2004 price was $870,000. However, we also know that "over $120,000 (was) spent in recent upgrades." That makes the loss more significant.
63 Valmont Way, Ladera Ranch 92694
Last asking price: $249,000
Previous sales price: $468,000
Previous sales date: 6/9/06
Listing description snippet: "End unit offers extra windows and natural light. Two bedroom PLUS and OFFICE with 2.5 baths. Highly upgraded throughout with a gorgeous newer BIG kitchen with granite and upgraded cabinets everything you could ask for!"
Our comment: We remember looking at this neighborhood a few years ago, and thinking it was crazy that these types of units were going for $400k+. As you can see, those days are over.
591 Balboa Ave, Laguna Beach 92651
Last asking price: $4,195,000
Previous sales price: $175,000 (land)
Previous sales date: 3/23/99
Listing description snippet: "This stunning Mark Singer Contemporary home has a one of a kind living experience with incomparable panoramic ocean views."
Our comment: Yes, there are still people with money who are buying top-of-the-line properties in Laguna Beach.
Sunday, July 26, 2009
Weekend pending sales report
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1 comments:
Someone got snookered - there was a large, nice Mark Singer on the edge of the village that sold for a little over $3M a year ago. No way this is worth it given the south laguna location and the extreme vertical slope (cliff?) it is located on.
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