44% Decline in SF Bay Area Suburb

This is pretty amazing.

I have been following the home prices in the Northern California city  of
Brentwood, which is a far-flung suburb of the Bay Area.  This is a  city that
has been billed as one of the fastest-growing cities in California, where
McMansions spring up overnight like mushrooms.

Here is a 3,177 square-foot house, built in the year 2000, with 4  bedrooms and
3.5 bathrooms.  It's not a foreclosure.  Zillow shows that the most  recent sale
was in June of 2006, when the house sold for $800,000.

1106 Windhaven Ct., Brentwood, CA 94513

http://www.zillow.com/HomeDetails.htm?zprop=50915924

Realtor.com now lists a price of $449,900 for this house.  That's  close to a
44% drop in just 19 months.

http://www.realtor.com/search/listingdetail.aspx?zp=94513&ml=3&mnp=29&mxp=28&bd=5&bth=7&typ=1&sqft=13&sid=e69a40c969774b8e95f21728eb9d99a1&lid=1084873752&lsn=1&srcnt=1#Detail

Zillow lists the house as being for sale for $569,000 - but it also  shows that
the house has been listed for sale on Zillow for 185 days, so I guess  someone
hasn't gotten around to updating the falling price.

I don't think I'd want to drive all the way out to Brentwood every  day, but if
the prices keep falling at this rate, give it another year or two,  and I just
might go get me a McMansion...

p.s. - I always enjoy your website.  Keep up the good work!!

--R. C.