Thursday, July 17, 2008

50% reductions in prime areas?

Wanted to see 50% reductions, check this out:

4388 Pampas Rd
Woodland Hills, CA 91364

Sold new Dec 16, 2003 $699,000
Sold
Jun 13, 2006 $1,500,000

Now offered for $750,000
Basic algebra skill say 1,500,000/750,000 = 2

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Another interesting one:
19440 Shirley Ct
Tarzana, CA 91356


Sold Sep 11, 1997 $590,000
Sold
Apr 11, 2000 $700,000
Sold Sep 01, 2005 $1,350,000
Sold Sep 29, 2006 $1,700,000

Was offered couple weeks ago for $900,000.
That is 48% discount...almost half.