UPDATE: After this post and after 132 days on the market, he finally reduced the price. Wonder if he read this...
Price Reduced: 08/20/07 -- $820k to $779k (down 5.00%)
Earth to Seller. Come in Seller. Seller, are you there?
Seriously, this Seller has lost all contact with the planet Earth. He paid $675k at the peak of the market (07/21/06) and he now wants $820k for this blah little house (across the street from an ucky McMasion). The house needs a new kitchen and new baths and the back yard needs lots of love. He's had it on the market since April 11, 2007 and hasn't lowered the price despite the fact that nearly every other home in the neighborhood has done a 10% reduction in this period and still not sold. Look for this house to be a rental.
This is a pretty cute little house. It's listed at $829k and Zillow estimates it at $781k. If this house were in a hot part of Sherman Oaks, it might sell at the list price but it's not. It's in Valley Village which was quite the darling during the boom but now it's looking more like the nice part of North Hollywood. The house next door needs some serious grooming -- as do several other homes on the street. I think this home is likely to get reduced before it sells.
UPDATE: Told you so... after less than one month on the market, this listing is inactive.
A gem. At $829k, this house will not last. It's walking distance to the boulevard and it's just darling for a couple with no kids. Zillow estimates it lower at just $780k -- nobody will care.
Hubba hubba. This is a remodel done right, ceiling to floor. Huge lot, nice street (well, Milikin Jr. High is at the end of the street and that's a bit of a bummer but probably not a deal breaker). At $1.6M it will probably require a reduction but not much. It was last sold in 2005 for $1.1M.
Price Reduced: 07/11/07 -- $1,049,000 to $1,025,000
Price Reduced: 07/29/07 -- $1,025,000 to $999,900
Get over yourself. It's a cute house, I get it. But it's also a 2bed/1bath. Zillow estimates it at $785k and it last sold in 2001 for $399k. I think they would be very very lucky to get $700k.
U-G-L-Y! You aint got not alibi! You're ugly! Sorry, but it's true. This house needs a face lift, like bad. The bedrooms are too small for a house this size (2,219 sq. ft.). Zillow estimates the house at $916k but Zillow is very very wrong on this one. The house has been listed since April 23, 2007 with no takers.