My first post — thanks for

[feraina]

My first post — thanks for all the great info on this site.

I know most people don’t especially care for condos here, but this condo in Clairemont seems especially distressed:
http://www.sdlookup.com/MLS-086009773-4885_Cole_32_San_Diego_CA_92117

4885 Cole #32, 2/1.5
Sales History
07/13/2007 $310,000
02/13/2004 $227,000
03/07/1991 $70,000
08/24/1983 $56,400

Listing Price Changes
Price Reduced: 04/18/2008 from $160,000 to $149,900
Price Reduced: 04/03/2008 from $225,000 to $160,000
Price Reduced: 02/16/2008 from $250,000 to $225,000
Price Reduced: 02/11/2008 from $299,000 to $250,000

52% off 07/07 sales price, 50% off 02/08 original asking price!

It looks like a bank foreclosure (no stove?), but otherwise in good shape. What do you all think? Will this set the norm for condo pricing in Clairemont?