I live in North Park, close to the border of South Park. It seems like houses are selling in “Burlingame” but not other neighborhoods like Alta Dena. We know someone who’s been trying to sell her house for almost 6 months, with three or four price reductions. It probably would have helped to take the bars off the windows……ya think? Who’s going to spend 650K for a house with bars on every window…
We are seeing more “bank owned” signs, like this tiny house at 2136 Bancroft. Check out this sales history:
Sale History
09/10/2007: $485,000
07/10/2007: $547,122
08/01/2005: $635,000
08/01/2005: $635,000
02/17/2004: $479,000
09/13/1999: $193,000
What’s going on there?
There are still a few flippers, like one on 3175 Olive. It was on the market for a long time before it sold this summer. I was so surprised to see the for sale sign go up again, and they’re asking 750-825 K for it. It’s sales history is:
06/19/2007: $630,000
No other sale data is available
If I hear one more person say “it’s a buyer’s market” I’ll puke. These houses are still grossly overpriced. We rent a pretty nice little house that would cost us twice as much to own as rent, probably more.
I’d be very interested in hearing more about what’s happening in 92104. A LOT of people bought here in the last four years, and their houses must be worth substantially less than what they paid for them…….especially the condos between University and El Cajon.
