Biggest percentage loss in San Diego, purchased price vs. list or sold price

[jimmyle]

I thought it would be fun to do this. Can some body starts? Please include when and how much the house was bought for.

[jimmyle]

Listing at $562,999 to $579,999
Sale History
08/12/2005: $710,000
08/23/2004: $680,000

21% loss (calculated using the low end of the list price)

http://www.sdlookup.com/MLS-078067948-11803_Westview_Pkwy_San_Diego_CA_92126

[WaitingToExhale]

Listing at $789,900
Sale History
04/21/2006: $1,015,000
07/18/2003: $710,000

22% loss!

http://www.sdlookup.com/Property-69AE5A89-10228_Lone_Dove_St_San_Diego_CA_92127

[ocrenter]

855 Antilla Way, San Marcos, CA 92078
–5 beds, 4.5 baths, 3,607 sqft.
–07/2005: purchased for $872,000 ($242/sqft).
–07/2007: listed for $849,000.
–09/2007: reduced to $699,000 ($194/sqft).

$173,000 loss or $20% drop in 2 years.

[temeculaguy]

Can I play too, is there a handicap formula we can use like I have to give up 10% to make it fair. That would be too easy, maybe 20% would be fair.

02/06 760K
repo’s back for 402k
listed for 498k

33% off if it sells at list.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1089382

580k 02/06
listed for 375k but it’s a short sale, still 205k off.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1125872

This one is only 20k over it’s 2002 price

http://www.redfin.com/stingray/do/printable-listing?listing-id=1181307

Come to think of it, I shouldn’t be allowed to play, I found these in five minutes and they were in one square mile, never left the same page on redfin, it’s like taking candy from a baby.

[betting on fall]

http://www.sdlookup.com/MLS-076009343-7760_Highwood_Ave_La_Mesa_CA_91941

4 beds, 3.5 bath, 3,987 sqft
purchased 01/03/2006 for $1,029,385 (new from developer)
Original list- $1.1-1.2m. Now on market 246 days.
Current list- $750,000.

$279,385 or 27% drop- if it goes for list price.

ocrenter- this is in the Serramar development in La Mesa. Great place for a “wish I waited” since the entire development sold at the height of the market. This place is the largest model, but if it sells, it will be close to the lowest price anyone paid for any model.

[Diego Mamani]

Are you guys deducting the 5%-6% agent commission from the asking price when computing the % loss?

[Arraya]

http://www.sdlookup.com/Property-D1759F8E-339_W_University_Ave_B_San_Diego_CA_92103

Listing $175,000

Sale History
6/7/2005 $300,000
10/6/2004 $235,000

41% loss

[betting on fall]

Temeculaguy is right. We could probably go on forever with this. I am already thinking of some bank repo condos I have seen at half price. We could exclude bank repos, riverside county, and any places where the stench of mortgage fraud still lingers. (all three rules resulting in the exclusion of Temecula listings)

But then we would be missing half the fun!

This thread can be a great way to gauge just how bad things are getting out there. After seeing some houses get marked way down then sell all summer, now I am seeing some houses get way marked down, then still NOT selling (see highwood st house above). How low do they need to go to sell a house in this market??? This thread might help us find out.

[WaitingToExhale]

http://www.sdlookup.com/Property-D1759F8E-339_W_University_Ave_B_San_Die…

Listing $175,000

Sale History
6/7/2005 $300,000
10/6/2004 $235,000

41% loss

Wow, this is a big one. I’m focused on SFRs, not condos, but nice find.

[5yearwaiter]

We need to keep this thread live and this gives real meaning for this site answering many like – is this bubble? or crash? or still to go more ? – keep posted

5yearswaiter

[justdoitstewart]

“We need to keep this thread live and this gives real meaning for this site answering many like – is this bubble? or crash? or still to go more ? – keep posted”

I completely agree…please keep adding…be nice to see some in Imperial Beach…

[patientlywaiting]

nice one Arraya. 🙂

[ocrenter]

betting, great find on the La Mesa home, I’ll put it up on BMIT soon.

some ground rule such as just SD county proper? (sorry temeculaguy, you are right, it is too easy).

[justdoitstewart]

how bout we make the min requirement for post 30% off past sale…

[Author]

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