800 WEEKS St East Palo Alto, CA 94303 – This seller thinks the bottom has been reached

800 WEEKS St East Palo Alto, CA 94303

Price: $848,000

Beds: 3
Baths: 1.5
Sq. Ft.: 1,780
$/Sq. Ft.: $476
Lot Size: 7,386 Sq. Ft.
Property Type: Detached Single Family
Stories: 2
View: Neighborhood
Year Built: 1930

Last sale: Apr 02, 2004 Sold $780,000
I have to say that this is a fairly nice looking house for East Palo Alto, but what is truly interesting is the past listing prices. Here it is:
Apr 09, 2009 Price Changed $848,000 — MLSListings #80840024
Feb 03, 2009 Price Changed $388,000 – MLSListings #80840024
Jan 26, 2009 Price Changed $445,000 – MLSListings #80840024
Oct 15, 2008 Listed $495,000 – MLSListings #80840024

Basically, the price on this house was lowered all the way down to $388k at one point, and in April the seller decided to jack the price up $460k. I guess they really believe that the bottom has been reached. In actuality this home is listing for twice the price per squarefoot as other EPA homes. All I can say is good luck.

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