800 WEEKS St East Palo Alto, CA 94303

Price: $848,000

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.

 8 Honeysuckle Ln SAN CARLOS, CA 94070

Price: $950,000

Last sale:

Loss if sold for asking: $116,000 or 10.9%

I’ve driven by these condominiums many times.  They are on the top of the San Carlos hills so they all have a great view.    I’m not sure if they’re worth a million dollars, though.

50 ALHAMBRA Ct Portola Valley, CA 94028

Price: $1,685,000

Last sale: Apr 29, 2005 Sold $1,855,000
Loss if sold for asking: $170,000 or 9.2%

This Portola Valley home is on a huge tree covered lot and just recently cut its listing price by more than $350,000 from $2.049 million to $1.685 million. This may be worth a look for the uber rich though the house is quite small for the area. This is the first Portola Valley listing we have featured here.

270 VERA Ave Redwood City, CA 94061

Price: $499,900

Last sale:

This house is currently owned by Countrywide/Bank of America and the last sale was a foreclosure auction.  It is in a good area and the size is decent, but the house is pretty old and it has the old style electric heaters.  It’s interesting to see that some of the past owners of this home had 100% financing as early as 2002 when the home sold for $530,000.  Now I guess they realized that all that money didn’t really exist to begin with.    The price has been dropped about $50k since its listing in the end of October.

39 CORONADO Ave San Carlos, CA 94070

Price: $1,199,000

Last sale:

Loss if sold for asking: $101,000 or 7.8%

This is actually a pretty nice home on San Carlos hills.  It has a very nice sized lot and the price per square foot is very good for San Carlos.  It’s already had a $46k price drop, and the winter season should be very slow.  I really think this home is a better value than those “Valu Alto” new homes if you have the dough.