Nice example of a 4.5% loss in value, plus commissions in the 6% range for a total loss of >10% OUCH !

HOWEVER, let’s not get ahead of ourselves that this is 2003 pricing. The low-end asking price now is 4.5% below purchase price in November 2004. SD median price increased by 20% from Dec 2003 (the high for that year) to Nov 2004. So your example is still well above 2003 pricing.

This would have to sell for about $500,000 to reach December 2003 prices. If it’s still on the market this time next year I guess that may happen. But we aren’t there yet (at least for SFRs).