I was just about to start a new thread when radelow posted this one. Definitely a trend around here in North Park. Here is one I’ve been tracking for a while now. Its a house very close to my (rented) house- 3151 Palm Ave. 92104
Sales History-
06/11/2007: $695,000
10/03/2006: $755,000
08/24/2001: $441,000
(from zillow, looks like sdlookup doesn’t have the latest data yet)
These guys tried to rent this place for a few months and didn’t appear to have any luck. As soon as I saw the house back on the market, I knew trouble was brewing! Here is the rich (or poor) part – they listed the house for between 799-899K… hmmm very hopeful indeed. Looks like the rather strong market forces prevailed- if you factor in a 6% broker fee, thats over a $100K loss.. ouch!
