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 said...

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

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!

Anonymous 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!

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.

Anonymous said...

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

Anonymous said...

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

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.

marine_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).

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.