Tuesday, August 08, 2006

126 Days and Six Price Reductions Later

3 br 2 ba, 1879 sq ft, built in 1949 in San Anselmo. Frenetic price reductions over the course of 126 days on market:
Price Reduced: 04/13/06 -- $1,089,000 to $1,059,000 (-2.8%)
Price Reduced: 04/18/06 -- $1,059,000 to $1,049,000 (-1.0%)
Price Reduced: 05/08/06 -- $1,049,000 to $995,000 (-5.1%)
Price Reduced: 06/06/06 -- $995,000 to $895,000 (-10%)
Price Reduced: 06/22/06 -- $895,000 to $885,000 (-1.2%)
Price Reduced: 08/08/06 -- $885,000 to $875,000 (-1.1%)
Total price reduction of -20%. Unfortunately, I could not find the last sell date and purchase price.

9 Comments:

Anonymous Anonymous said...

you "could not find the last sell date and purchase price" because it was so recent, I am willing to wager.

Aug 8, 2006, 9:03:00 PM  
Anonymous Anonymous said...

I think my husband and I looked at this place. Boy what a stinker it was. THe realtor was totally arrogant, when my husband suggested it was priced "a tad high" the realtor said with a sneer "oh it WILL sell". ha!

Aug 9, 2006, 7:12:00 AM  
Anonymous charles smith said...

I love the tracking of price reductions--that says it all.

Pretty soon your blog will be sort of like the Marin Hall of Infamy--like, oh no, our POS is on the Marin Real Estate Bubble blog! Arrgghh!

Aug 9, 2006, 11:04:00 AM  
Blogger Marinite said...

I think my husband and I looked at this place. Boy what a stinker it was.

When was that and about how much was it then? The reason why I ask is that it might indicate its rough last date of sale and approximate price.

Aug 9, 2006, 11:26:00 AM  
Anonymous Anonymous said...

Just keep waiting and it'll get cheaper. Just like 10 years ago.

Aug 9, 2006, 12:12:00 PM  
Anonymous Anonymous said...

Love that chain link fence. A real touch of class...

Aug 9, 2006, 1:51:00 PM  
Anonymous Anonymous said...

"Just keep waiting and it'll get cheaper. Just like 10 years ago."

I think you are right. We are a long way away from bottom. Beware of the bouncing dead cat.

Aug 9, 2006, 2:25:00 PM  
Blogger marin_explorer said...

From what I can tell, these may be the original owners (or their beneficiaries?). In either case, they can probably afford to sell much lower. The property's assessed tax value is $96,161 (all from Zillow).

Aug 10, 2006, 9:10:00 AM  
Anonymous Anonymous said...

"When was that and about how much was it then? The reason why I ask is that it might indicate its rough last date of sale and approximate price."

I'm trying to remember exactly. Based on our life events I would have to say it was end of Jan to beginning of Feb, and it had already been on the market some time (maybe before Xmas?). Price was over $1M, maybe $1.1m or thereabouts. I didn't even go in, but my husband did. To me, Chain link fence + $1,000,000 = POS

I also don't trust ziprealty's "Days on the Market/listed" section. We've been tracking RE all over the Bay for a few years now, and I've seen the same houses pop on and off so they look like a new listing. Reheated leftovers, so to speak.

Aug 11, 2006, 1:30:00 AM  

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