Waiting for Mr. Market to Catch Up to Their Marin Wishing Prices

I first blogged this Inverness POS on the Marin POS blog back in November of 2005. It should come as absolutely no surprise (except, perhaps, to the most delusional of the we're-so-special-everyone-wants-to-live-here Marin RE bulls) that this "cottage" is still on the market. Yes folks, it seems that a converted boat garage on approximately 1.75 acres, all but 0.1 acre of which floods each winter and where there is a haphazardly constructed dike to keep the water out of the premises, does not appeal at Marin's going rate. So the real Days on Market statistic is what, like 450 days? Plus or minus? I'm sure the "official" DOM has been reset multiple times to try and make it look fresh.

But anyway, the other day I drove past it and lo, there it was still with the "for sale" sign out front. The heirs have stubbornly not given up (bless their greedy little black hearts) but the listing agent(s) seems to have given up as can be seen in this pic:

Just look at that "for sale" sign. It's in tatters. Apparently, the listing agent doesn't care any more. Here's a close-up:


This POS started its market life at $790,000. It was later dropped to $659,000. It is now at...actually, I don't know! Does anyone have any info on this one?

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While searching for the current wishing price of the above Inverness POS I happened to notice (surprise, surprise) that no one seems to have fallen for this Forest Knolls winner either:

I originally blogged it in February, 2006 and at that time the wishing price was $449,000; it is now offered at $399,000. This must be a hot property because the listing now says it has been on the market for only 6 days.