This is the 11th 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 a newer home located in the city of Harbor City (Los Angeles County) .
The Specs:
| Type: SFR Status: Active MLS#: Y803183 | Sq. Ft.: 2,057 Lot Size: 3,000 sqft Year Built: 1992 | Beds: 4 Baths: 3 Stories: 2 On RedFin: 23 days |
THIS IS A *SHORT SALE* SUBJECT TO LENDER'S APPROVAL This is a nice and well-mantained PUD. It does not have HOA! Huge master bathroom with nice jacuzzi tub. Walk in closet in master bedroom *****NO MORE SHOWINGS UNTIL FURTHER NOTICE*****
Sales History
| Date | Sold Price | $/SqFt | Gross Gain | Change ($) | Change (%) |
| 03/30/94 | $290,000 | 141 | N/A | N/A | N/A |
| 06/22/05 | $549,000 | 267 | +$259,000 | +$259,000 |  89.31% |
| 10/20/05 | $580,000 | 282 | +$290,000 | +$31,000 | 5.65% |
Pricing History
| Date | List Price | $/SqFt | Gross Gain | Change ($) | Change (%) |
| 04/30/08 | $380,000 | 185 | -$200,000 | -$200,000 |  34.48% |
This episode's seller decided to be aggressive right out of the gate in listing their home. Unfortunately, given the current slow home sales market, and buyers' fear that they too could end up underwater, additional price cuts will likely be necessary to sell this home.
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