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.