patrick.net

WHOA!
It sold for 746k in 2005 during peak fraud.

Thats 7 years devaluing at 66k per year.

Its been listed for 115 days, why? hmmm

http://www.redfin.com/CA/Pleasanton/6868-Inglewood-Ct-94588/home/1793601

(btw it was listed last year so your statement needs adjusting....just sayin)

It may have been listed since last year, but the price last year (and even a week or two ago) was over $500k, according to Redfin:

http://www.redfin.com/CA/Pleasanton/6868-Inglewood-Ct-94588/home/1793601

Something smells fishy...

Might actually be right. Here's a property with similar price reductions, over a longer period though:

http://patrick.net/housing/tmp.html

RentingForHalfTheCost says

http://www.movoto.com/real-estate/homes-for-sale/CA/Pleasanton/6868-Inglewood-Ct-12_40546730.htm

I'm sure more to come over the next 1-2 years. People are unfortunately runnin g out of options. Now when I can find something comparable in Santa Clara I'm interested. Aside from that happening, I'll stay as an observer. Time is on our side.

1975 house for a 1975 price (coming soon)!

PockyClipsNow says

(btw it was listed last year so your statement needs adjusting....just sayin)

Guess I meant 12 months ago rather than last year.

What tickles me is I'll get an email stating a property is going from active to pending, only the same property reappears anywhere from a week to months later. Many to most properties have a long list if delisted, price changed, active, pending, many times back to 2008 or earlier, lol.

that house won't sell for $280k

dunnross says

1975 house for a 1975 price (coming soon)!

In your dreams.. and approx. 66% of the populations nightmares. :)

Intresting

I'm with Hysteresis, no way that sells for $280k. The sellers are trying to get more eye balls with that low of an asking price.

bwdutton says

I'm with Hysteresis, no way that sells for $280k. The sellers are trying to get more eye balls with that low of an asking price.

I think you are correct here. However, just the fact that they are playing that game shows the different view even from the sell side. The tactic before was using words like "Will not last long!", "One of a kind", "Location Location Location". Now they are practically given up on the tried and true and gone to "We will report to give this house away for pennies just to get a few open house visitors in hopes it starts a bidding war!".

Still a very encouraging sign as we follow down this road of unraveling the huge debt the average family accumulated during the housing boom.