REOs Off-Peak Pricing
Friday, March 14, 2008 at 06:54AM
Jim the Realtor in Foreclosures/REOs

Here is a selection of REO sales closed in 2008, and their previous sales prices:

Street Address and Town   Previous Sales Price   Latest SP     % chg
3500 Corte Romero, CBD 2006 - $963,000 $790,000 -18%
7291 Pas Capuchina CBD 2005 - $995,000 $961,000 -3%
1516 Sapphire, CBD 2004 - $765,000 $625,000 -18%
1079 Cottage, Enc 2004 - $587,000 $540,000 -8%
270 Caliban, Enc 2004 - $530,000 $550,000 +4%
28443 Cerveza, Esc 2005 - $920,000 $745,000 -19%
2725 Alexander, Esc 2006 - $635,000 $511,500 -20%
3334 Terrace, OSD 2003 - $612,000 $560,000 -8%
4905 Colusa, OSD 2005 - $640,000 $576,000 -8%
616 Yarrow, SMar 2005 - $658,500 $509,500 -22%
693 Saddleback, SMar 2006 - $675,000 $515,000 -22%
886 First Light, SMar 2005 - $725,000 $540,000 -26%
11357 Carmel Crk, CV 2004 - $780,000 $646,500 -17%
12791 Briarcrest, CV 2006 - $876,000 $800,000 -9%
6035 Roselle Mdws, CV 2005 - $862,000 $690,000 -20%
12656 Cam Radiante, CV 2006 - $1,100,000 $795,000 -28%
6515 Cmto Stella, CV 2005 - $2,035,000 $1,625,000 -20%
6473 Mesa Norte, CV 2005 - $2,275,000 $1,775,000 -22%
Combined Avg $924,055 $764,111 -17%

These are lender-owned properties that started with an 'aggressive' original list price, and if it didn't work, they usually start reducing quickly. If you are selling and don't adopt the same strategy, expect that your results will suffer.

Article originally appeared on bubbleinfo.com (http://www.bubbleinfo.com/).
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