485 A St #9 Daly City, CA 94014 – Real Price Back to 1989
485 A St #9 Daly City, CA 94014
Price: $179,900
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 788 |
| $/Sq. Ft.: | $228 |
| Lot Size: | 800 Sq. Ft. |
| Age (Years): | 44 |
| Year Built: | 1964 |
| Type: | Condominium |
Sales history:
| Date | Price | Appreciation |
| May 19, 1989 | $144,000 | |
| Nov 21, 1990 | $165,000 | |
| Oct 19, 1994 | $171,972 | |
| Feb 23, 1995 | $100,000 | |
| Apr 17, 1995 | $145,000 | |
| Aug 16, 2006 | $450,000 | |
| Jul 29, 2008 | $289,000 |
This is an interesting property because it has a sales history from the last housing bubble to the current housing bubble. There are enough datapoints for me to make a graph.
Series 1 is a series of the sales prices, ending with the current listing price. Series 2 is a graph of the original $144,000 sales price in 1989 appreciating by 3% per year. After nearly 20 years, the current sales price does not beat the inflation adjusted price from 1989! However, the person that bought in 1995 did get an excellent rate of appreciation. So I guess catching the bottom and selling at the peak is the most profitable thing to do.
September 1, 2008 | Filed Under City of Daly City, Dollar Loss: $200k to $300k, Foreclosure or Shortsale, Last Sale in 2006, Listing in 08/2008, Loss: > 40%, Price: < 400000, Sqft: < 1000
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