Santa Ana Sellers Try to Catch Up
We’ve heard experts like our own Glenn Kelman (Redfin CEO Glenn Kelman Weighs in on OC’s Market) talk about how buyers are making offers six months ahead in the dropping market and sellers are clinging to prices from six moths ago. Well, it looks like that may have been the case with these sellers when they listed their homes. Now, however, they’re trying to catch up to the market. . . one price reduction at a time.
1405 South Halladay Street, Santa Ana 92707; 3 bed/2 bath; 1,335 sq ft home; $499,900 current list price
Summer 2007: Listed for $580,000
Oct 5, 2007: Reduced to $550,000
Mid-Oct 2007: Taken off market
Oct 31, 2007: Listed again for $585,000
Nov 9, 2007: Reduced to $570,000
Nov 18, 2007: Reduced to $550,000
Dec 6, 2007: Reduced to $520,000
Feb 11, 2008: Reduced to $499,900
Total Reduction: $85,100 (down 15%)
2601 West Dahl Lane, Santa Ana 92704; 3 bed/2 bath; 1,097 sq ft home; $350,000 current list price
Dec 24, 2007: Listed for $475,000
Jan 1, 2008: Reduced to $427,000
Jan 17, 2008: Reduced to $399,000
Feb 7, 2008: Reduced to $379,000
Feb 11, 2008: Reduced to $350,000
Total Reduction: $125,000 (down 26%)
1302 W Carlton Place, Santa Ana 92704; 5 bed/1.75 bath; 1,481 sq ft home; $425,000 current list price
Nov 6, 2007: Listed for $599,000
Nov 30, 2007: Reduced to $569,000
Dec 28, 2007: Reduced to $529,000
Feb 4, 2007: Reduced to $495,000
Feb 12, 2008: Reduced to $425,000
Total Reduction: $174,000 (down 29%)
