Thursday, July 19, 2007

$716 a sq. ft., are you kidding? (Y2/M3/D19)

Price Reduced: 07/18/07 -- $925k to $899k
Price Reduced: 08/01/07 -- $899k to $860k (7.03% down; $666/sq. ft.)

Favorite listing of the week:
11357 AQUA VISTA, Studio City, CA 91602 (MLS # F1721707)

2 bed/2 bath; 1,291 sq.ft.

Zestimate: $799k; Last sold in 2001 for $410k.

This house is really adorable. There's not much you could do to make this house cuter. But, People, they want $716 for each little square foot of this house that doesn't appear to have had any upgrades since it last changed hands (but maybe they just left those details out of the MLS description).

Is somebody really going to pay that much for such a small house in this market? Time will tell.

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