I’ll re-run with what I am seeing right now in SEH:
Near Town Center:
1532 Crescent – $599K. OLP $649K. If they had listed at $599K in January they might have sold. Now it is too late and $525-$550 is the ‘attention grabbing’ range. BTW- this sold for $749K June 2006 – 20% fall with more to come.
Several houses on Glencrest in the gated community at 649. This was the price point for the non-gated houses 3-6 months ago.
The ‘Carmel’ area near town center has several listings on Coral and Dolphin that are not moving. One KC paid $679K for a Dolphin house last month.
Questhaven Area:
Brightwood had 9 houses for sale at one time (out of 25-35 on the street). 5 of the 9 have sold or are in escrow. One even sold for $680K.
The Orion/Eclipse/Horizon/Antilla area is getting swamped with REO’s. With $5000 MR, they would have to get into the $450K range before I would be tempted.
