 listed at $2.35 million |
 sold for $960,000 |
 sold for $750,000 |
Yes, that’s bank-owned actvity at the beach. Read “Laguna Beach can’t avoid foreclosure bug” byThe Register’s Kelli Hart by CLICKING HERE! And click on these photos for bigger views and more house-sale details!
Where is Jimmy?
nice.
under 1mil gets you buyer.
I wonder how much further ‘ocean view’ properties will fall? :)
The Kelli Hart article is a good one.
It turns out, Jimmy, that my fantasy of buying beach homes at cutrate prices is coming true.
It appears that the tsunami that started in the Inland Empire has reached the shore.
Jimmy : “But CDM is different…”
I think we’re about to discover that a whole lot of people have been pretending to be wealthy!
How hysterical, these are still going for top dollar. Look at the in escrow list. Not exactly deals. These will be absorbed easily.
Not interested.
Of course Laguna has repos, people there also played the game and overextended. Just don’t expect them to go for Santa Ana price.
Wow - what a bargain. Now look at what those (or similar) homes sold for in 2000…not sucha bargain anymore hey? There are about 4 for sales/lease signs on my block alone…those havent moved in months. More to come I am sure. Each day a new for sale sign. Dow dropping under 8000 - watch out below!
Things will be interesting 12 months from now and anybody looking to buy a house would be foolish not to wait AT LEAST 12 months before shopping.
Not even Jimmy would say that the fiscally prudent thing is to buy “now” rather than wait at least 12 months. Of course, the pendulum will swing too much the other direction, but we are still swinging folks.
Love the post!
If any housing bull still believes that housing prices are going to go up anytime soon, then they should probably start taking some antipsychotic medication right now for their delusional thought.
Our economy right now sucks. What else more is there to say?