Huge Reductions on San Diego Homes - Walmart’s Not the Only One with Falling Prices
There’s a Walmart mentality scouring the nation. It’s hit Wall Street, real estate and the average shopper looking for a bargain on just about anything. This reminds me of recessions past when advice on saving money and cutting corners ran amuck. I distinctly remember reading an article in the early ’90s suggesting that one way to save a buck was to squish all your soap remnants into a ball to make a new bar, thereby delaying the inevitable purchase of more. Or you could collect all the fur balls left around the house by your loving pets and use them to make pseudo down pillows. How about recycling your plastic and aluminum? If you’ve never been motivated to save the earth perhaps the idea of saving a nickel will get you off your duff. I don’t know if the final month in this first quarter will prove that we have slipped into an actual recession, but the fear is real and I see the signs all around. I am hopeful that March will keep us afloat but I think April just may do us in. At any rate, real estate continues its course of steady decline and prices are frenetic. Here are some steep decreases in asking prices. Wait and watch or grab ‘em while they’re hot, you ask? Some sellers are going up, others are coming down; we’re at a crossroads however you look at it. Which way will you turn?
Reduced $99,000 - 4185 Arizona Street. Was $499,000, now $400,000. 1927 single family home with two beds, one bath. 904 square feet priced at $442 per square foot. It’s Zestimate is $436,000 and eppraisal is $437,653. On Redfin 36 days.
Reduced $50,000 - 4548 Texas Street. Was $449,000, now $399,000. 1924 single family home with three beds, one bath. 1,014 square feet priced at $393 per square foot. It’s Zestimate is $407,500 and eppraisal is $636,633. On Redfin 61 days.
Reduced $165,000 - 4394 Arcadia Drive. Was $1,590,000, now $1,425,000. 2007 single family home with three beds, three baths. 3,700 square feet priced at $385 per square foot. It’s Zestimate is $1,467,000 and eppraisal is $773,971. On Redfin 48 days.
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