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	9.4%/yr
Oct 19, 1994	$171,972	1.1%/yr
Feb 23, 1995	$100,000	-79.0%/yr
Apr 17, 1995	$145,000	>1,000%/yr
Aug 16, 2006	$450,000	10.5%/yr
Jul 29, 2008	$289,000	-20.3%/yr

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 | Leave a Comment

888 on 8/8/8 in Belmont - 1105 North Rd

1105 North Rd Belmont, CA 94002


Beds:	3
Baths:	2
Sqft:	1,330
Style:	Residential

I think this property was on MLS a while back and went off the market. Now I see it on Craigslist for $748888 in the for sale by owner category! It was last sold in 2006 for $760000 so the difference isn’t all that large, and it has a basement. That’s pretty rare in the Bay Area. Anyway the Craigslist listing says to call (520)603-6457 or email hous-788333134@craigslist.org if you’re interested.

August 8, 2008 | Filed Under City of Belmont, Dollar Loss: $0 to $50k, Last Sale in 2006, Loss: 0 to 10%, Price Reductions, Price: 600000 to 800000, Sqft: 1000 to 1500 | Leave a Comment

4 ALISAL Ct Pacifica, CA 94044

Price: $899,000

Beds:	4
Baths:	3
Sq. Ft.:	2,210
$/Sq. Ft.:	$407
Lot Size:	5,531 Sq. Ft.
Age (Years):	8
Year Built:	2000
Type:	Detached Single Family

Last sale: Jan 13, 2006 $1,000,000

Loss if sold for asking: $101,000 or 10.1%

This former million dollar home does look pretty decent. The price per square foot is also below the median for Pacifica. More former million dollar homes will be listed this month. Stayed tuned!

August 5, 2008 | Filed Under City of Pacifica, Dollar Loss: $100k to $200k, Last Sale in 2006, Listing in 07/2008, Loss: 10 to 20%, Price: 800000 to 1000000, Sqft: 2000 to 3000 | Leave a Comment

396 IMPERIAL Way #106 Daly City, CA 94015

Price: $168,000

Beds:	1
Baths:	1
Sq. Ft.:	817
$/Sq. Ft.:	$206
Lot Size:	-
Age (Years):	34
Year Built:	1974
Type:	Condominium
Stories:	Low Rise (1-3 Stories)

Last sale: Dec 29, 2006 $465,000

Loss if sold for asking: $297,000 or 63.9%

These condos rent for about $1400 a month, so $168,000 is almost reasonable. It does have a pretty high HOA and it is located in Crown Colony, which is a pretty big and old complex in Daly city.

July 25, 2008 | Filed Under City of Daly City, Dollar Loss: $200k to $300k, Last Sale in 2006, Loss: > 40%, Price: < 400000, Sqft: < 1000 | Leave a Comment

828 7TH Ave San Bruno, CA 94066

Price: $399,988

Beds:	2
Baths:	1
Sq. Ft.:	790
$/Sq. Ft.:	$506
Lot Size:	2,500 Sq. Ft.
Age (Years):	64
Year Built:	1944
Type:	Detached Single Family
Style:	Ranch
Stories:	1 Story
View(s):	Neighborhood

Last sale: Oct 27, 2006 $625,000

Loss if sold for asking: 225,012 or 36%

I love how the description of the house on Redfin reads: “price hard to ignore given the advantages of owing in this area. probably best value home in the area. “ That’s right,if you buy this house you will owe somebody money. That’s very appropriate I suppose.

July 17, 2008 | Filed Under City of San Bruno, Dollar Loss: $200k to $300k, Last Sale in 2006, Listing in 07/2008, Loss: 30 to 40%, Price: < 400000, Sqft: < 1000 | Leave a Comment