Facts – some examples. In each of these I suspect the Sellers paid hidden costs:
14420 Eastridge Drive, Whittier, cA
Listing Price – $789,900
Sold – $750,000 on 6/21/07 (See Zillow)
16210 Honnington Street, Whittier, CA
Orig. Listing – $750,000
Price Reduced – $699,900
Sold – $662,500 on 6/8/07 (see Zillow)
519 Cherry Street, Brea, CA
Orig. Listing $648,000
Sold – $615,000 on 6/14/07
This property was listed for much higher ($699,000) and then taken off the market for a short time. This is the second time it was listed:
2600 Shady Valley Lane, La Habra, CA
Price increased $650,000
Price Reduced $610,000
Sold – $610,000 – 3/22/07
So, yeah, prices are going up, up, up!!! I can’t wait to overpay!