Comments on: The San Carlos Real Estate Week in Review: 9/5/09 http://www.whiteoaksblog.com/2009/09/05/the-san-carlos-real-estate-week-in-review-9509/ If it happens in San Carlos, it's in here... Sat, 04 Sep 2010 23:38:00 +0000 hourly 1 http://wordpress.org/?v=abc By: Chuck http://www.whiteoaksblog.com/2009/09/05/the-san-carlos-real-estate-week-in-review-9509/#comment-7806 Chuck Sun, 13 Sep 2009 04:40:28 +0000 http://whiteoaksblog.com/?p=4573#comment-7806 Hi Mike, You're right. This home has been off an on the market since August of '08 when it first listed for $1,349,000. I have featured it on the site a few times during that span. Since that time, the listing changed brokerages 3 times and it ultimately became an REO. I didn't see anything wrong with it, and the person who bought it for $889K ($357/sq ft) did indeed get a good deal. I used to include the total history for some of these listings, but often times they're pulled off the market for a short stint and put back on, often times at a reduced price. That resets the DOM clock back to zero, and in reality it deserves to look like a new listing. That's why I don't include the ancient history anymore, unless it's an unbroken span of time that it was on the market. Hi Mike,

You’re right. This home has been off an on the market since August of ’08 when it first listed for $1,349,000. I have featured it on the site a few times during that span. Since that time, the listing changed brokerages 3 times and it ultimately became an REO. I didn’t see anything wrong with it, and the person who bought it for $889K ($357/sq ft) did indeed get a good deal. I used to include the total history for some of these listings, but often times they’re pulled off the market for a short stint and put back on, often times at a reduced price. That resets the DOM clock back to zero, and in reality it deserves to look like a new listing. That’s why I don’t include the ancient history anymore, unless it’s an unbroken span of time that it was on the market.

]]> By: transient http://www.whiteoaksblog.com/2009/09/05/the-san-carlos-real-estate-week-in-review-9509/#comment-7769 transient Tue, 08 Sep 2009 16:34:47 +0000 http://whiteoaksblog.com/?p=4573#comment-7769 39 Coronado had a much longer listing history too, starting out at a much higher price. Do you know what the issue was with that place? Seems like the buyer got a great deal on a large house with a view. 39 Coronado had a much longer listing history too, starting out at a much higher price. Do you know what the issue was with that place? Seems like the buyer got a great deal on a large house with a view.

]]> By: Chuck http://www.whiteoaksblog.com/2009/09/05/the-san-carlos-real-estate-week-in-review-9509/#comment-7766 Chuck Tue, 08 Sep 2009 05:03:46 +0000 http://whiteoaksblog.com/?p=4573#comment-7766 Alan, You're absolutely correct. Thanks for catching that -- the numbers are now updated in the post. I really buggered that one, since I even had the wrong agent as the listing agent too. Time for a vacation! Chuck Alan,

You’re absolutely correct. Thanks for catching that — the numbers are now updated in the post. I really buggered that one, since I even had the wrong agent as the listing agent too. Time for a vacation!

Chuck

]]> By: Alan Kutach http://www.whiteoaksblog.com/2009/09/05/the-san-carlos-real-estate-week-in-review-9509/#comment-7765 Alan Kutach Tue, 08 Sep 2009 03:52:50 +0000 http://whiteoaksblog.com/?p=4573#comment-7765 Offering a correction to the homes that closed this week: 352 Clifton initially listed at $699k (reduced to $659 before going into contract). The final price of $650k is thus 7% below the original asking price. Offering a correction to the homes that closed this week: 352 Clifton initially listed at $699k (reduced to $659 before going into contract). The final price of $650k is thus 7% below the original asking price.

]]>