Update of Homes Listed in October and November of 2007
Here are some more updates of homes that I have featured in the past!
Sold listings:
1181 Elmer ST Belmont, CA 94002 - Sold for $610000 on April 10th, 2008. This is $15000 below the last asking price. That brings the total loss on the property to $107000 or 14.9%. It took about 6 months to sell.
115 JASMINE WAY East Palo Alto, CA 94303 - Sold for $360000 on April 3rd, 2008. This is $74000 below the last listing price of $434000. This brings the total loss to $135000, or 27.3%. This also took 6 months to sell.
554 STANFORD AVE Redwood City, CA 94063 - Sold for $329,375 on Mar 21st, 2008. This is $85625 below the last listing price of $415000. This brings the total loss to $209625 or 38.9%. I think this is a omen that a lot of the listings in the 94063 zip code could still fall quite a bit.
4008 FARM HILL BLVD #00102 Redwood City, CA 94061 - Sold for $417,000 on 4/4/2008. This is $32000 below its last listing price and brings the total loss to $83000 or 16.9%.
12 N NORFOLK ST San Mateo, CA 94401 - Sold for $515,000 on 3/14/2008. This is $35000 below its last listing price and the total loss is now $210000 so the final loss is 31.1%.
333 3RD AVE Daly City, CA 94014 - Sold for $607,050 in March after only 4 months on the market. This is $112950 below the last listing so the final loss is $227950 or 27.3%
Price Reductions:
7209 ADMIRALTY LN Foster City, CA 94404 - Down another $500.
199 SELBY LN Atherton, CA 94027 - Relisted and reduced another $30000
192 MELISSA CIR Daly City, CA 94014 - Reduced another $80000
864 RAND ST San Mateo, CA 94401 - Reduced another $65000 just yesterday!
735 SKYLINE DR Daly City, CA 94015 - Reduced another $150000 last week! This is the biggest reduction I saw so far.
948 DAISY ST San Mateo, CA 94401 - Down another $6000.
The rest of the listings listed in October and November are still either on the market with the same price or pulled out all together without new information. As you can see, ALL of the sold listings sold for below asking. This is a good hint to offer for lower than listing on these properties still on the market.
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