Tuesday, January 24, 2006

Recent sale price updates

I just thought I'd update the price histories on some of the recent entries in my stack of sales brochures that I've literally been keeping for years. As I've said in a prior post,addresses are scrambled to protect the privacy of the guilty (and the innocent). I think some of these price histories back up my belief that our South Bay bubble is actually several years old:
0162 Maharg #B, listed at $735,000:

Unit A - May 05 $700,000
Unit B - Sep 04 $659,000
Unit C - Jan 04 $595,000

It's not clear what happened to this development in 2003, but
Domania lists these earlier prices:

Dec 02 - $474,000
Dec 02 - $475,000
Nov 02 - $479,000
Mar 02 - $485,000

0252 Maharg #10, listed at $539,000:
(This doesn't look like it is sold yet.  Offered by RE/MAX.)

0252 Maharg #6, listed at $539,000:
(Originally was listed for $549,000 through Help-U-Sell but relisted for $539,000.  Does not appear to be sold yet.)

Unit 1  - Sep 04 $474,000   
Unit 3  - Sep 04 $455,000
Unit 7  - Sep 04 $495,000
Unit 4  - Jul 04 $475,000 
Unit 13 - Nov 03 $415,000
Unit ?  - Oct 02 $334,000 
Unit ?  - Jan 02 $277,000 
Unit ?  - Nov 01 $266,500
Unit ?  - Aug 01 $265,000
Unit ?  - Mar 00 $207,500
Unit ?  - Oct 99 $209,000
Unit ?  - Sep 99 $203,000
Unit ?  - Apr 99 $195,000
Unit ?  - Apr 99 $204,000 
Unit ?  - Apr 99 $205,000 
Unit ?  - Jul 98 $203,000 
Unit ?  - Jun 98 $192,000

1252 Setag #A, listed at $835,000 (seller motivated):
Unit A - Dec 05 $807,000
Unit A - Mar 03 $560,000
Unit ? - Aug 02 $570,000
Unit B - Mar 00 $450,000
Unit ? - Nov 98 $226,000 

2052 Swehtam #3, listed at $595,000:
Unit 3 - Sep 05  $580,000
Unit ? - Sep 02  $364,000
Unit ? - May 01  $305,000

2 Comments:

Blogger cereal said...

hey bear

i was just reading the L.A. bus journal. the front page story is a prediction of 5% drop in local home values this year. whatever. what really caught my eye is another report that says the newhall ranch project will be going ahead. that's 20,000 new homes built behind magic mountain. that makes playa vista look like a lego set by comparison. this project would add 60,000 people to the santa clarita valley, which is an immediate 24% increase in population for the area.

do people really know what this will do to quality of living? they're adding let's say 10,000 more cars heading into downtown or westside daily. the freeways won't just slow down, they will actually stop.

it will be interesting to watch.

3:18 PM, January 25, 2006  
Blogger bearmaster said...

There is a Centex homes development a few blocks away from me that intends to build 280 condo units. Needless to say, the thought of all that additional traffic pouring out onto Aviation Boulevard is what makes me grind me teeth whenever I drive by it.

4:49 PM, January 25, 2006  

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