GDP Grew at 2.8%? Really?

 

Back in 2006, when your neighbor was putting in a pool, buying a new Hummer, vacationing in Deer Valley, buying phone plans for their kids, etc. was their income increasing or were they refinancing their home and pulling money out?

Eye Opening Bid – 9 Rocky Mountain

Granted, it could be a mistake, but the opening bid posted for the foreclosure auction on 9 Rocky Mountain scheduled for today at 12:00 pm is $100.00.

It is gonna be a madhouse on the courthouse steps today.

2006 Bernanke

I was once challenged with the question, “Oh, do you think you could do better?”, when expressing my opinion that Bernanke is a moron.  My answer was unequivocal; YES!

$200 psf in Chatam – 9 Salinger Court

9 Salinger Court was just listed at $899,000 or 4,500 square feet at $200 per.  What will it sell for?

$3,400,000 Discount – 31651 Manzana Way

31651 Manzana Way

 

Things are looking up for you if you were considering making an offer on 31651 Manzana Way, but didn’t quite have $18 mil.  The new price is only $14,500,000.  How many are rushing for their checkbooks now?

Opening Bid – 54 Dartmouth

54 Dartmouth

 
 The opening bid at the foreclosure auction on 54 Dartmouth was $493,982.  No one bid; more REO.  The last sale is shown as March 18, 2005 for $829,000 and the sale before that as August 15, 2003 for $506,000.  Hello 2002 prices?

$218 PSF in San Marino

16 Long View

 

16 Long View just sold for $1,310,000 or $218 psf.

 

BEDS: 5
BATHS: 4.5
SQ. FT.: 6,000
$/SQ. FT.: $218
LOT SIZE: 0.34 Acres
PROPERTY TYPE: Residential, Single Family
STYLE: Two Level, Spanish
YEAR BUILT: 2002
COMMUNITY: Coto De Caza

1998 Prices – 30911 Via Colinas

30911 Via Colinas

 

30911 Via Colinas just sold for $2,650,000.  According to public records, the last time it sold was in 1998, the year it was built, for $2,500,000.

 

BEDS: 6
BATHS: 7.5
SQ. FT.: 8,800
$/SQ. FT.: $301
LOT SIZE: 2.53 Acres
PROPERTY TYPE: Residential, Single Family
STYLE: Two Level, Colonial
VIEW: Panoramic, Trees/Woods, Valley
YEAR BUILT: 1998
COMMUNITY: Coto De Caza

Opening Bid – 31881 Via Pato

 

An opening bid of $598,610 has been posted for the foreclosure auction on 31881 Via Pato scheduled for today.

Good Luck Bidding!

(edit)  31881 Via Pato sold to a 3rd party at the foreclosure auction for $615,000.  At the listed 3,910 square feet, that is $157 psf.

Detached SFR for Less than $500,000

13 Lexington Way

 

I don’t know how long it has been since a detached single family residence with a real front and back yard in Coto has sold for less than $500,000, but 13 Lexington Way closed at $495,000.