This is the nineth episode of Housing Market Watch (see the previous episode here), where I focus on what's happening with home prices in Southern California using specific examples from the Multi-Listing Service (MLS).Today's property is located in the city of Camarillo (Ventura County) , and is part 2 of a two part series called Something Old and Something New. Since this home was built in 2006, it should be obvious that it's the Something New. Additionally, if you've been following this series, you'll notice the new layout beginning with this episode.
The Specs:
| Type: SFR Status: Active MLS#: 80005721 | Sq. Ft.: 1,858 Lot Size: 6,621 sqft Year Built: 2006 | Beds: 3 Baths: 3.5 Stories: 2 On RedFin: 69 days |
Beautiful Plan II 3 Story townehome in Village at the park. One of the best locations just a few yards from entrance to the new proposed 55 acre park! This is an end unit in a 3-plex, which means lots of light and space around you! Granite countertops, high ceilings, recessed lighting, all bedrooms wired for overhead lights, jacuzzi tub, walk-in closet, fiber optic high speed internet, and lots more!Walking distance to new elementary school and YMCA. Show cold-- It's immaculate.
Sales History
| Date | Sold Price | $/SqFt | Gross Gain | Change ($) | Change (%) |
| 02/23/06 | $557,000 | 299.78 | N/A | N/A | N/A |
| 05/27/08 | $442,000 | 237.89 | -$115,000 | -115,000 |  20.65 |
Pricing History
| Date | List Price | $/SqFt | Gross Gain | Change ($) | Change (%) |
| 03/20/08 | $489,000 | 263 | -$68,000 | -$68,000 | 12.21% |
| 04/18/08 | $429,900 | 231 | -$127,100 | -$59,100 | 12.09% |
Today's home is currently listed for $127,000 (22.82%) lower than it sold for in February of 2005; thus, it seems the seller has been made very aware that the market is a much different place than the one they bought in. Unfortunately, looking at what's available on the MLS, that home is still priced to sit as opposed to priced to sell.
UPDATE 05/27: This property has been sold for $442,000
No comments:
Post a Comment