Taking A Hit

Baseball season’s in full swing.  Players are stepping up to bat and taking their swings daily – some hit, some miss.  But when all is said and done the same is going on in our real estate market.

Batters are stepping up and some are hitting and some are missing.  John Lanser posted on the S&P numbers out and it looks like the OC/LA area is sitting at just over 24 percent below peak prices.  The numbers also indicate that the OC is the 22nd worst housing market in the country.  Not too surprising.

Some homes that took a swing and got a miss and now are looking to lose fare more than the average 24%:

27456 Lilac Ave
3 beds / 3 baths / 1,200 Sq Ft
Last Sold:  $488,000 (9.13.05)
Asking Price:  $325,000
Loss: - 33%

27241 Rosario
3 beds / 2 baths / 1,120 Sq Ft
Last Sold:  $595,000 (8.3.06)
Listed For:  $400,000
Loss:  -32%

25402 Champlain LH
4 beds / 2 baths / 1,653 Sq Ft
Last Sold:   $720,000 (5.17.05)
Listed For:  $559,000
Loss:  -22%

24752 Pallas Way
4 beds /2 baths / 2,389 Sq Ft
Last Sold:  $750,000 (6.21.05)
Listed For:  $550,000
Loss:  -25%