Mind blowing

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I was in a business establishment the other day waiting to be served, while in line, I was looking at the plasma television they had up giving news and business updates. One of the updates that popped up was real estate. I figured, I would not pay attention to it because there is always something going on about the market. But then I saw something that truly blew my mind. It read, “there are 68 houses in foreclosure in Los Angeles, starting at $40,000.” Wow, are you kidding me? That is truly unbelievable, the market has sunk to a new low. These open houses in Newport Beach certainly will not be going for $40,000, but there may be a foreclosure or two in the mix that is up for grabs.

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411 E. Edgwater Ave: $6,000,000, 4 Beds, 3 Baths, 2,088 SQ. FT.

450 Via Lido Sound: 4,695,000,  3 Beds, 4 Baths, 4,900 SQ. FT.

7 Yorkshire: $3,995,000, 6 Beds, 7 Baths, 6,500 SQ. FT.

 119 Via Mentone: 2,995,000, 5 Beds, 3 baths, 3,500 SQ. FT.

2781 Bayshore Dr: $3,795,000, 4 Beds, 4 Baths, 4,300 SQ. FT.

616 Via Lido Sound: $2,695,000, 3 Beds, 3 Baths, SQ. FT. not listed

104 Via Havre: $2,875,000, 4 Beds, 3 Baths, SQ. FT.

10 Thunderbird Dr: $2,749,000, 3 Beds, 5 Baths, 3,800 SQ. FT.

  • http://orangecounty.redfin.com/blog/author/julie.lance Julie Lance

    That number of foreclosures actually seems low to me… and so does the price! Depressing how acclimated I am to the current state of things.

  • Brian

    Yes truly amazing, and I think that the numbers will get even more crazy.

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