Depreciating Digs

The last post I wrote about depreciating properties was hugely successful. I know this not because I had a lot of response but because several properties on my list have since sold. As you know, we have only just launched our blog in San Diego. The fact that a significant number of featured properties have moved in this sleepy market says a lot. Namely, buyers want value, deep discounts, and the assurance of appreciation. In fact, I had to change a post sitting in my pipeline because one of the properties sold within days. So, I am going to make this a weekly post, highlighting properties that are listed at prices below their last sell price. Here are this week’s picks.

1456 Essex Street - Now Asking $598,500

Last sold 01/2006 for $655,000, this 3 bed, 3 bath home is priced at $333 per square foot and on the market 180+ days.

2618 Juan Street #6 – Now Asking $329,000

Last sold 08/2004 for $340,000, this 1 bed, 1 bath home is priced at $435 per square foot and on the market 180+ days.

2410 Albatross Street #14 – Now Asking $399,888

Last sold 01/2003 for $675,000 this 2 bed, 2 bath home is currently priced at $277 per square foot and is on the market 111+ days.