Hot Deals and Downright Steals (You’re Gonna Get Busted!)
A few weeks ago I noticed a flurry of sales in the Hillcrest, Ocean Beach, North Park areas and noted in my post Good Bye Good Buy, that some pretty fantastic deals had been snatched off the market. I also saw that end of ’07 prices were swinging up and down which was very confusing and disorienting. New listings were showing confident asking prices and reductions seemed to be dwindling. Well, perhaps the year end confidence is waning or sellers were simply holding out for a sunnier forecast in the new year; whatever the previous mindset held, there have been some significant developments in the local market. It wasn’t that long ago that we were talking about being able to buy a nice condo in Hillcrest under $400,000 and a single family home in that price range was an anomaly. Now, and I mean right now, there are a number of new listings and reductions that are extremely well priced. These sellers have positioned their properties to move firecracker fast. Take a look.
- Price Reduced for Quick Sale
- Asking $219,000
- Zestimate $358,000
- 1950 single family home
- 2 beds, 1 bath priced at $281 per square foot
- On Redfin 26 days
- Bank Owned but not a short sale
- Asking $234,900
- Zestimate $347,500
- 1927 single family home
- 3 beds, 2 baths priced at $244 per square foot
- On Redfin 6 days
- Foreclosure
- Asking $205,000
- Last sold for $386,000 on 2/12/07
- 1924 single family home
- 2 beds, 1 bath priced at $261 per square foot
- On Redfin 113 days
If you liked this post you might also enjoy:
The Many Faces of the 2008 Real Estate Market
Rotten San Diego Home Sales – What’s That Smell?!
