12 reductions, 533 days on market, still no buyer, Mira Mesa

[jimmyle]

Obviously this owner is serious about selling his home but his incremental reductions could not catch up with the falling market. What do you think this house is worth at the current market?

http://www.sdlookup.com/MLS-066032875-8994_Capcano_Rd_San_Diego_CA_92126

[meadandale]

Gotta love the price increase after months of incremental decreases…

“Wait, maybe we have it priced too low!”

[noone]

There’s not much of a back yard, but it’s in a nice area. It looks like you share a common wall with the house next door. Is that what twin home means, basically a townhome? Given that, I would expect the price to be about $390 in today’s market. And in a year or two, more like $290.

[(former)FormerSanDiegan]

It looks like you share a common wall with the house next door. Is that what twin home means, basically a townhome?

We used to call those duplexes.

[Arraya]

A model match on the same road, a few houses over sold for 430K back in July. He only adjusted his price after that sale. He’s another market chaser.

[jimmyle]

Sale History
06/24/2004: $440,000
01/27/1995: $149,500

If he has listed this house for $440K earlier this year I think it would have been sold and he can break even.

Base on this condo, it seems like home price has gone back to early 2004 level.

[5yearwaiter]

I believe in simple theorey, whoever shows outside of the house like hills, far distance views their house sucks internal, such as no back yard or no wide rooms etc. Another 533 days would also be a bet for this to go with that price or an village idiot can go for this.

5yearswaiter

[kicksavedave]

For real, that house is right next to Betelgeuse Road… it’s friggin haunted!

[PadreBrian]

Yeah, he could have priced this even at 475 last year and sold it in a snap.

oh, well.

[FoamFinger1]

I like the pic showing the giant crack in the patio slab. Look out below….

Nothing says long term investment like part of your house ready to slide down into the canyon.

[Author]

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