View Full Version : MLS listing price CRAZY!
BarryMac
12-04-2007, 11:04 AM
quit braggin dude... :rolleyes: :D
boatsntoys
12-04-2007, 11:04 AM
Just checking out the MLS listings for Anaheim Hills, to see what my house is going for. I got 3200 + - Sq. Ft. 11,000 lot.
WOW! the range for comparable houses in the listings was a high of 1,350,000 to a low of 599,000, comparable Sq. Ft. comparable lot, and the 599,000 was still on the market looking for offers! And I hear the worst is yet to come!
I'm sure there were small differences but not 800,000 worth. What values and when is the market going to stabalize? Comparable houses used to be within 50,000 of each other.
Outnumbered
12-04-2007, 11:09 AM
The ones for $599k are sinking into the ground:D Lots of settlement issues in AH.
When I started in RE in Anaheim Hills in 2000 3 bed homes were priced from 300-350k and 4 bed homes were 325-400k. I'd say about a 25k spread for an extra bedroom and maybe a 3 car garage. In 2006 there was a 125k minimum spread from a 3-4 bedroom home.:eek:
LhcBrad
12-04-2007, 11:15 AM
The ones that have the lowest prices are the ones that either NEED to sell or REALLY WANT TO SELL!! The others are not really wanting to sell or owe for what they are asking.
boatsntoys
12-04-2007, 11:29 AM
Just looked at Moreno Valley. many 5000 + - in the very low 4's !!!
Corona, many 4-5000 in the mid 5's
Most of these homes are only a year or two old.
I see a lot of homes still listed at the inflated value of a year or two ago. Are these people not aware of their competition?
BoatPI
12-04-2007, 11:34 AM
If someone is looking to buy the rates have really fallen. As of yesterday, and I expect today to be lower, Downey was 5.375 @ 1.75 pt, and 5.80 at '0' points for 30 year comforming.
Just looked at Moreno Valley. many 5000 + - in the very low 4's !!!
Corona, many 4-5000 in the mid 5's
Most of these homes are only a year or two old.
I see a lot of homes still listed at the inflated value of a year or two ago. Are these people not aware of their competition?
No, their holding on to breaking even until the bank takes the home back. I turned away 4 listing this year in AH, YL and Corona because of unrealistic sellers.
Example: I have a friend in Serrano Heights whose neighbor paid 900k last year for a plan 2. Now you can buy that same plan in the tract for $650-675.
His other neighbor just listed for $865 for a plan 3. But it's got 200 more sqft. and travertine! Ha! Good Luck with that! The next phase with a larger home is listed for $700k with a 3 car garage. The lender is also offering a 3 year buy down on the payment. Nobodys biting.
boatsntoys
12-04-2007, 11:41 AM
No, their holding on to breaking even until the bank takes the home back. I turned away 4 listing this year in AH, YL and Corona because of unrealistic sellers.
Example: I have a friend in Serrano Heights whose neighbor paid 900k last year for a plan 2. Now you can buy that same plan in the tract for $650-675.
His other neighbor just listed for $865 for a plan 3. But it's got 200 more sqft. and travertine! Ha! Good Luck with that! The next phase with a larger home is listed for $700k with a 3 car garage. The lender is also offering a 3 year buy down on the payment. Nobodys biting.
Wow! that makes me feel a lot better:jawdrop: I'm starting to s--t my pants.
photo chick
12-04-2007, 11:43 AM
Perfect time for me to move back to Cali!! :D Hey guys quit yer bitchin' you could be trying to sell your 3800 sq ft home in Dallas right now!:(
maxwedge
12-04-2007, 11:48 AM
Wow that is outrageous! For just 499K you could by this house, near where I live, and have 100k left over for a nice boat.:D
http://www.cbhoa.com/share/property/2070808.1.jpg
http://www.cbhoa.com/listing.aspx?mls=2070808
LhcBrad
12-04-2007, 11:51 AM
Wow that is outrageous! For just 499K you could by this house, near where I live, and have 100k left over for a nice boat.:D
http://www.cbhoa.com/share/property/2070808.1.jpg
http://www.cbhoa.com/listing.aspx?mls=2070808
What are the Property Taxes on this place??
Perfect time for me to move back to Cali!! :D Hey guys quit yer bitchin' you could be trying to sell your 3800 sq ft home in Dallas right now!:(
People always say once you leave you can't come back. It's all in the timing. I'll own in CA again. A San Diego Beach home is a reality as thing's keep going in this direction.:)
maxwedge
12-04-2007, 11:54 AM
What are the Property Taxes on this place??
Pobably 10K a year.
photo chick
12-04-2007, 11:57 AM
People always say once you leave you can't come back. It's all in the timing. I'll own in CA again. A San Diego Beach home is a reality as thing's keep going in this direction.:)
Yep, I'm actually going to Phoenix though....I'll be back in Cali one day...:D
Hey, are you an agent?
OGShocker
12-04-2007, 12:18 PM
Wow that is outrageous! For just 499K you could by this house, near where I live, and have 100k left over for a nice boat.:D
http://www.cbhoa.com/share/property/2070808.1.jpg
We boat YEAR ROUND!!! :D
Yep, I'm actually going to Phoenix though....I'll be back in Cali one day...:D
Hey, are you an agent?
Absolutely. Can I help you with anything? I'm a Broker over at Remax Fine Properties. Welcome!
OCMerrill
12-04-2007, 12:55 PM
Wow that is outrageous! For just 499K you could by this house, near where I live, and have 100k left over for a nice boat.:D
http://www.cbhoa.com/share/property/2070808.1.jpg
http://www.cbhoa.com/listing.aspx?mls=2070808
I suppose but the Ice Covered steps leading out the back doors over there will break your ass! :D :D
catman-do
12-04-2007, 01:00 PM
AH- like someone said before, depending on what part of the city you are in, they have some settling issues with the homes that were built in areas that needed heavy grading/ leveling.
Corona- Ive found some 5000 sq ft houses off limonite that are practically new for 490k, but who the hell wants to live on methane barriers and smell cow crap? South corona seems to be nice, but then you are dealing with the nightmare of the 91 interchange everytime you go from the nb15 to wb91.
IL- they have one of the worst job markets in the country. Most of us wouldnt make enough out there to be able to afford a 400k house and 100k boat. My sister, her husband, and the husbands friend just moved out here because of that reason.
HB- has a lot of settling issues there as well, which is why you will find homes much cheaper than the other 95% of orange county.
Everywhere has their ups/downs. If you can afford where you are living, then just be content with that.
OCMerrill
12-04-2007, 01:05 PM
. What values and when is the market going to stabalize?
Way beyond the $64 thousand dollar question now.
I think one would have to sell their soul for that answer right now.
boatsntoys
12-04-2007, 02:12 PM
Way beyond the $64 thousand dollar question now.
I think one would have to sell their soul for that answer right now.
Now that I have sold everything else, what the hell, how much is a soul going for these days?
Big Warlock
12-04-2007, 03:24 PM
People always say once you leave you can't come back. It's all in the timing. I'll own in CA again. A San Diego Beach home is a reality as thing's keep going in this direction.:)
Or stay where you are and when the big one hits, you'll be sitting on the beach!!!! LOL
Or stay where you are and when the big one hits, you'll be sitting on the beach!!!! LOL
Camelback Island.:)
Buckeye Beach.:D
I like it here to much to leave. But a 2nd home in SD would be nice. :idea:
RiverDave
12-04-2007, 04:40 PM
Now that I have sold everything else, what the hell, how much is a soul going for these days?
I'll give ya 10 clams for it sight unseen.. :)
RD
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