First, that home has an ocean view? Sorry, I’m not seeing it. Maybe if you stand out in the middle of the street with binoculars. Am I missing something?
Second, that Oceanside house is pending right now. You are assuming it is pending for list price. How do you know it didn’t go for $100K over list and that is why they refused your offer?
Third, that Oceanside house had a list of $374K for 952sf.
Three other recent sales within about two blocks:
9/9/08 $549K 1312 sf ($418/sf)
9/22/08 $553K 1074 sf ($514/sf)
9/24/08 $537K 1180 sf ($455/sf)
If your Oceanside house goes for list only, it is $392/sf which is only slightly lower than the 9/9 sale.
If it went pending for more than that, then obviously that puts it in the range of the sales from last September.
Have you considered that house prices may have slid some since September 2008?
