177 W. Norman Ave. Asking Price $3,080,000 ::: Sq-ft 6800 Purchased Price $1,150,000 ::: Lot Size 0.44 acres Purchased Date 04/19/2006 ::: Beds 6 Days on Redfin 4 ::: Baths 7 $/Sq-ft $453 ::: Year Built 2008 20% Downpayment $616,000 ::: Area Baldwin Stocker Income Required $770,000/yr ::: Type SFR Est. Payment* $15,573/month ::: MLS# … Continue reading Empty McMansion #1
During the rise and peak of the boom, many homes were remodeled or completely torn down and rebuilt. Lending standards were loose and many people were able to take advantage of the cheap money available. Free-flowing credit allowed home equity withdrawals, refinancing and the means to build one McMansion after another. Widespread McMansion development was … Continue reading Supersized Trouble for Unsold McMansions
Day in and day out we profile properties in Arcadia and constantly remind ourselves how much money people would spend for good schools, good location and a generally a safe and welcoming neighborhood. Sometimes we forget that there are cities surrounding Arcadia that may offer more, or even less, home for the same price. I … Continue reading What Can You Buy With $759,000?
Zip Codes: 91006, 91007 Current Market Listings as of March 7, 2008 Properties for Sale: 200 (-63)* Median Listing Price: $758,000 (-2.7%)* Median Sales Price for Homes in Arcadia Weekly Foreclosure Update Properties in Foreclosure: 14 (+0)* Properties in Pre-Foreclosure:64 (+3)* *+/- is compared to previous week’s data. Interestingly enough, 63 Arcadia homes came off … Continue reading Inventory and Market Report – 3/7/08