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.
764 8TH AVE Redwood City, CA 94063
764 8TH AVE Redwood City, CA 94063
Price: $678,000
| Beds: | 4 |
| Baths: | 2 |
| Sq. Ft.: | 1,510 |
| $/Sq. Ft.: | $449 |
| Lot Size: | 5,500 Sq. Ft. |
| Age (Years): | 53 |
| Year Built: | 1955 |
| Type: | Detached Single Family |
Price history:
| Date | Price |
| Oct 22, 2007 | $830,000 |
| Nov 08, 2007 | $798,000 |
| Apr 02, 2008 | $678,000 |
Last sale: Jul 13, 2005 $760,000
Loss if sold for asking: $82000 or 10.8%
Comments: These obstinate sellers finally fell into trouble territory this month. If they had priced their house at 700k a couple years ago it might have sold quickly, but it’s now 2008, and the Dumbarton neighborhood is being devalued every single day. I think this property will go down quite a bit to be in line with its zipcode.
99 Teresa ST Daly City, CA 94014
99 Teresa ST Daly City, CA 94014
Price: $609,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,320 |
| $/Sq. Ft.: | $461 |
| Lot Size: | - |
| Property Type: | Semi-Attached, Single-Family Home |
Listing Price History:
| Date | Price |
| Oct 16, 2007 | $699,000 |
| Nov 15, 2007 | $649,900 |
| Dec 21, 2007 | $609,000 |
Sales history:
| Nov 05, 2003 | $460,000 | |
| Nov 18, 2005 | $715,000 |
Loss if sold at asking: 14.8% or $109,000
Comment: The description must be written for a man by a man. Here is a quote: “HI HONEY! I’M HOME! That’s what you will say at the end of the work day when you enter this charming 3 BD, 2 BA home in Daly City.”
880 Stongate Dr, South San Francisco, CA 94080
880 Stongate Dr, South San Francisco, CA 94080
Price: $595,000
| Beds: | 3 |
| Baths: | 2.5 |
| Sq. Ft.: | 1,454 |
| $/Sq. Ft.: | $409 |
| Lot Size: | - |
| Age (Years): | 38 |
| Year Built: | 1970 |
Listing date: 10/17/2007
Last sale: 02/17/2006: $663,000
Loss if sold at asking: 10.3% or $68,000
597 SKYLINE DR DALY CITY, CA 94015
597 SKYLINE DR DALY CITY, CA 94015
Price: $599,950
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,150 |
| $/Sq. Ft.: | $522 |
| Lot Size: | 3,354 Sq. Ft. |
| Property Type: | Single Family Detached |
Listing History:
| Date | Price |
| Oct 11, 2007 | $625,000 |
| Oct 23, 2007 | $599,950 |
Sales History:
| Feb 17, 2006 | $705,000 | |
| Nov 30, 2006 | $750,000 |
Loss if sold at asking: 20% or $150,050
361 Half Moon LN #109 Daly City, CA 94015
361 Half Moon LN #109 Daly City, CA 94015
Price: $250,000
| Beds: | 1 |
| Baths: | 1 |
| Sq. Ft.: | 717 |
| $/Sq. Ft.: | $349 |
| Lot Size: | - |
| Property Type: | Condominium |
Listing price history:
| Date | Price |
| Oct 17, 2007 | $310,000 |
| Dec 07, 2007 | $275,000 |
| Jan 24, 2008 | $250,000 |
Sales History:
| Date | Price |
| Nov 30, 2004 | $296,000 |
| Jun 03, 2005 | $368,000 |
Loss if sold at asking: 32% or $118,000
