Wednesday, November 08, 2006

Downtown Condo at 235 Market #403

235 Market is a low rise condo in the Marina District very close to the Gaslamp Quarter.

This one bedroom has declined in value a solid 10% since the last time it changed hands in early 2004. shows a price of $271,810 in August 2001, if we look at the market as rolling back in price and time you have to wonder if we're heading as far back as 2001.

Price cut history:
Price Reduced: 06/19/06 -- $439,900 to $424,900
Price Reduced: 09/24/06 -- $424,900 to $399,900

Type: Listed on MLS(#066036945)

List Price: $399,900
Cost: $445,000

Loss@6% Sales Expenses: $69,094
Loss%: 15.53%

Purchase Date: 03/30/2004
Holding Period: 32 months and counting...

Bedrooms: 1
Bathrooms: 1
Square Feet: 734

Purchase Details: view

1 comment:

Anonymous said...

You really don't have to wonder that much about 2001 pricing. We seem to be heading there fairly fast on condos. You mean people actually might be able to afford these things, shocking I say!