The good news is 6269 N Paseo Valdear in Alta Vista finally sold the other day for $555,000. The problem is they paid $879,000 for it in September 07 – so a $324,000 loss, plus closing costs & miscellaneous. A real whopper.
And Paseo Valdear has plenty of company
Here are just a few examples of homes that sold then and again now
2530 E Calle Sin Pecado- sold $839,000 in 2006/$520,000 NOW
5540 E Silver Mine Place-sold $700,000 in 2008/$500,000 NOW
6002 E Placita de las Luces-sold $650,000 in 1999/$605,000 NOW
4912 N Avenida de Castilla- sold $1,100,000 in 2004/$690,000 NOW
6040 N Desert Sun Court- sold $895,000 in 2004/$610,000 NOW
6100 N Camino Arturo- sold $830,000 in 2005/$600,000 NOW
6778 N Calle Sin Nombre- sold $742,500 in 2008/$580,000 NOW
7110 N Mercer Spring Place- sold $940,000 in 2008/$680,000 NOW
6151 N Piedra Seca- sold $875,000 in 2006/$680,000 NOW
I recently sent this short list to a client who wanted to see actual sale prices for individual homes – then and now.
Unfortunately that’s the price sellers must be prepared to pay if they bought then and want to sell now. And there’s no getting around it. And many of them are finally realizing that. Because many of these homes, even most of them, hoping to recoup what they paid during the boom, started out asking much higher prices - hoping they would get a free pass and somehow still be able to sell for what their neighbor sold for 3 years ago. Yeah sure.
So when I talk about how the market has picked up and more homes are selling and isn’t that a wonderful thing. Well, yes it is. But homes are only selling because more sellers have finally realized there are no free passes and they have therefore capitulated to the realities of the market.
see thefoothillsToday.com
to find your Foothills home
