While we wonder what Washington will do to fix further worsen the financial mess (ACT NOW at Mish and Market Ticker; see also Charles Hugh Smith today on Creative Destruction) and wonder when Westside prices will belatedly respond, let's amuse ourselves at the expense of these truely Ancient Listings.
You really had to mis-price and/or mis-market to still be on the market over a year (from original listing date "OLD", with no deductions for time between listings)! (Last Ancient Listings, 12/13/07)
Santa Monica
385 days - 2124 Yorkshire, 3 bed/1.75 bath, $998K (-13% from OLP), OLD=9/6/07
440 - 2327 5th, 2/1, $1,200K (-25%), 7/13/07
533 - 1101 Cedar, 3/2, $1,375K (-13%), 4/11/07
497 - 2222 Marine*, 4/4, $1,690K (-14%), 5/17/07
888 - 1135 Berkeley, 4/3, $1,899K (-22%), ~4/21/06
553 - 2320 Idaho, 3/3, $1,995K (-17%), 3/22/07
393 - 1255 Palisades Beach, 3/4, $4,745K (-12%), 8/29/07
444 - 26 Arcadia Terr, 5/6, $6,000K, 7/9/07
Pacific Palisades
507 - 18449 Clifftop, 3/2, $1,475K (-11%), 5/7/07
442 - 16463 Akron (photo above), 3/2, $1,595 (-50%), 7/11/07
574 - 737 Via de la Paz, 5/3.5, $1,999K (-18%), 3/1/07
Palms-Mar Vista
518 - 10820 Westminster, 3/2, $699K (-13%), 4/26/07
379 - 3700 Tilden, 3/1, $799K (-6%), 9/12/07
437 - 12957 Admiral**, 5/4.5, $1,199K (-20%), 7/16/07
552 - 3413 Inglewood*** (photo below), 4/5, $1,899K (-5%), 3/23/07
420 - 3343 Mountain View, 4/4.5, $2,680K (-23%), 8/2/07
441 - 3653 Mountain View, 4/4, $2,925K (-11%), 7/12/07
* "THIS SELLER IS SERIOUS" was claimed in November, last year.
** "Seller wants an offer" its description pleaded back in January.
*** "Seller Says Bring Offer" it demanded in June of last year.
3 comments:
Hmm - doesn't appear to be any ancient listings North of Montana -
i think it is cause people there don't need to sell and this if there is not demand they just yank the house off the market
None of these sellers are serious about selling--they are in denial and every day that they fail to slash their ridiculous asking prices they will lose even more money as they chase the market down month by month. They must be masochists.
Next year is going to be even worse because that's when the Alt-As start resetting and those are the ones that will melt down the high end areas of LA. That's why NOW is the time to sell.
Sell now or be priced into your house forever.
"Hmm - doesn't appear to be any ancient listings North of Montana - "
Honestly... who cares. Put up some big gates, make a martini, and STFU while you review your investment portfolio. Sadly, many of the dollar amounts will appear in parentheses.
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