Back from my break with a fresh batch. I'll get my stats up later in the day...
 5330 Agate Way Carmichael, CA 95608 | |
 12045 Mandolin Way Rancho Cordova, CA 95742 | Total Loss: $119,000 | Percent Loss: 17.3% | Asking Price: $570,000 Bedrooms:5 Baths: 3 Sq. feet:2821Asking Price Changes: Down 18.0% from $695,000 On 04-09 Down 13.6% from $660,000 On 06-01 Down 4.2% from $595,000 On 07-15
Previous Sales: Sold on 2006-02-16 for $689,000
MLS# 60017236 Google Maps |
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 104 Herrill Ct Folsom, CA 95630 | |
 8756 Rubystone Ct Elk Grove, CA 95624 | |
 5412 Ravine Creek Way Elk Grove, CA 95758 | |
 8825 Williamson Dr Elk Grove, CA 95624 | |
 4211 Brookfield Dr Sacramento, CA 95823 | |
 2010 Bonavista Way Sacramento, CA 95832 | |
 9308 Engleside Ct Elk Grove, CA 95758 | |
 2424 27th St Sacramento, CA 95818 | |
 6829 Fruitridge Rd Sacramento, CA 95820 | |
 8625 Allister Way Elk Grove, CA 95624 | |
 6820 Castleberry Cir Citrus Heights, CA 95621 | |
 3311 Franklin Blvd Sacramento, CA 95818 | |
 3320 9th Ave Sacramento, CA 95817 | Total Loss: $60,100 | Percent Loss: 24.0% | Asking Price: $189,900 Bedrooms:2 Baths: 1 Sq. feet:936Asking Price Changes: Down 24.0% from $250,000 On 04-09 Down 11.6% from $214,900 On 06-16 Down 5.0% from $199,900 On 07-22
Previous Sales: Sold on 2005-06-30 for $250,000
MLS# 60065882 Google Maps |
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 6549 RIO OSO Dr Rancho Murieta, CA 95683 | |
 5 Northwich Ct Sacramento, CA 95832 | |
 2085 Edgewater Rd Sacramento, CA 95815 | Total Loss: $57,000 | Percent Loss: 12.5% | Asking Price: $399,000 Bedrooms:3 Baths: 2 Sq. feet:2213Asking Price Changes: Down 16.7% from $479,000 On 04-09 Down 11.2% from $449,500 On 04-27 Down 6.1% from $424,900 On 07-22
Previous Sales: Sold on 2005-08-12 for $456,000
MLS# 60087842 Google Maps |
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 5046 53rd Ave Sacramento, CA 95823 | |
 1510 Florin Rd Sacramento, CA 95822 | |
 2427 Snowy Egret Way Elk Grove, CA 95757 | |
 2713 16th St Sacramento, CA 95818 | |
 9682 Alta Mesa Rd Wilton, CA 95693 | |
 1640 60th Ave Sacramento, CA 95822 | |
 7853 Winding Way Fair Oaks, CA 95628 | |
 8013 Hartwick Way Sacramento, CA 95828 | |
 10178 Clairina Way Elk Grove, CA 95757 | |
 9574 Sunlight Ln Elk Grove, CA 95758 | |
 6101 Bamford Dr Sacramento, CA 95823 | |
 135 Mcfarland Dr Folsom, CA 95630 | |
 8324 Crestshire Cir Orangevale, CA 95662 | |
 4815 Crest Dr Sacramento, CA 95835 | |
 8053 Cantata Way Antelope, CA 95843 | |
 2615 Burnaby Way Sacramento, CA 95833 | Total Loss: $39,100 | Percent Loss: 6.1% | Asking Price: $599,900 Bedrooms:4 Baths: 3 Sq. feet:2537Asking Price Changes: Down 11.1% from $675,000 On 04-09 Down 10.3% from $669,000 On 05-04 Down 7.6% from $649,000 On 05-25
Previous Sales: Sold on 2005-05-02 for $639,000
MLS# 60042782 Google Maps |
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 6204 Green Top Way Orangevale, CA 95662 | |
 8369 Rasmussen Cir Elverta, CA 95626 | |
 7109 Paul Do Mar Way Elk Grove, CA 95757 | Total Loss: $38,500 | Percent Loss: 6.5% | Asking Price: $550,000 Bedrooms:4 Baths: 3 Sq. feet:2984Asking Price Changes: Down 15.3% from $649,000 On 07-08 Down 11.9% from $624,000 On 07-15 Down 5.0% from $579,000 On 07-22 Down 1.6% from $559,000 On 08-05
Previous Sales: Sold on 2005-06-06 for $588,500
MLS# 60074230 Google Maps |
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 1442 Taupin Ct Folsom, CA 95630 | |
 8407 Nandina Way Antelope, CA 95843 | Total Loss: $36,000 | Percent Loss: 8.5% | Asking Price: $389,000 Bedrooms:4 Baths: 2 Sq. feet:2015Asking Price Changes: Down 7.2% from $419,000 On 04-09 Down 2.3% from $398,000 On 05-20 Down 10.6% from $435,000 On 06-09 Down 2.3% from $398,000 On 06-22 Down 0.8% from $392,000 On 07-28
Previous Sales: Sold on 2005-04-29 for $425,000
MLS# 60090323 Google Maps |
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 54 Northwich Ct Sacramento, CA 95832 | |
 1898 Acari Ave Sacramento, CA 95835 | |
 7621 Scribner Ave Citrus Heights, CA 95610 | |
 7197 Snowy Birch Way Sacramento, CA 95823 | |
 5705 Zimmerman Ct Fair Oaks, CA 95628 | |
 5405 Beckworth Way Antelope, CA 95843 | |
 8409 Bloomington Dr Sacramento, CA 95828 | |
 1351 Woodside Glen Way Sacramento, CA 95833 | |
 9217 Cotton Creek Ct Sacramento, CA 95829 | Total Loss: $29,600 | Percent Loss: 8.4% | Asking Price: $324,400 Bedrooms:3 Baths: 2 Sq. feet:1525Asking Price Changes: Down 17.9% from $394,900 On 05-25 Down 16.8% from $389,900 On 06-01 Down 12.3% from $369,900 On 06-09 Down 9.9% from $359,900 On 06-16 Down 7.3% from $349,900 On 06-22 Down 4.6% from $339,900 On 06-30 Down 4.0% from $337,900 On 07-08
Previous Sales: Sold on 2004-10-29 for $354,000
MLS# 60054844 Google Maps |
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 2925 Babson Dr Elk Grove, CA 95758 | |
 3930 Balverne Ct Antelope, CA 95843 | |
 7560 Twilight Dr Sacramento, CA 95822 | |
 8587 New Island Way Sacramento, CA 95828 | |
 3723 Innovator Dr Sacramento, CA 95834 | |
 3501 Del Paso Blvd Sacramento, CA 95838 | Total Loss: $24,500 | Percent Loss: 9.4% | Asking Price: $235,500 Bedrooms:2 Baths: 1 Sq. feet:854Asking Price Changes: Down 9.4% from $260,000 On 04-21 Down 7.6% from $255,000 On 06-09 Down 3.9% from $245,000 On 06-16 Down 1.9% from $240,000 On 07-08 Up 18.0% from $199,500 On 07-22
Previous Sales: Sold on 2005-05-17 for $260,000
MLS# 60038539 Google Maps |
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 4898 Kokomo Dr Sacramento, CA 95835 | |
 91 Hermes Cir Sacramento, CA 95823 | |
 22 Bimini Ct Sacramento, CA 95835 | Total Loss: $22,500 | Percent Loss: 5.1% | Asking Price: $419,500 Bedrooms:3 Baths: 2 Sq. feet:1634Asking Price Changes: Down 6.6% from $449,000 On 05-18 Down 4.4% from $439,000 On 06-22 Down 2.4% from $429,900 On 07-08
Previous Sales: Sold on 2005-04-28 for $442,000
MLS# 60066647 Google Maps |
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 8700 Elk Ridge Way Elk Grove, CA 95624 | Total Loss: $22,000 | Percent Loss: 6.2% | Asking Price: $335,000 Bedrooms:4 Baths: 2 Sq. feet:1408Asking Price Changes: Down 13.0% from $385,000 On 04-09 Down 8.2% from $365,000 On 06-01 Down 5.6% from $355,000 On 07-28
Previous Sales: Sold on 2005-03-08 for $357,000
MLS# 60083300 Google Maps |
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 9582 Castledale Ct Elk Grove, CA 95758 | |
 5426 Baccus Way Sacramento, CA 95835 | |
 5026 Laguna Dr Sacramento, CA 95823 | |
 6040 Calvine Rd Sacramento, CA 95823 | |
 2611 28th St Sacramento, CA 95818 | |
 1200 Brannan Island Rd Isleton, CA 95641 | |
 4996 Madamin Way Sacramento, CA 95835 | |
 8738 Lemas Rd Sacramento, CA 95828 | |
 8209 Newport Park Ct Sacramento, CA 95828 | |
 10678 Basie Way Rancho Cordova, CA 95670 | |
 888 Koralla Way Galt, CA 95632 | |
 5504 Lemon View Way Sacramento, CA 95824 | |
 3557 Envero Way Rancho Cordova, CA 95670 | |
 3259 Rancho Silva Dr Sacramento, CA 95833 | |
 2424 Mabry Dr Sacramento, CA 95835 | |
 3584 Rainsong Cir Rancho Cordova, CA 95670 | Total Loss: $15,510 | Percent Loss: 3.6% | Asking Price: $409,990 Bedrooms:3 Baths: 2 Sq. feet:1953Asking Price Changes: Down 9.9% from $454,900 On 04-09 Down 8.7% from $449,000 On 04-27 Down 6.8% from $439,900 On 05-04 Down 5.7% from $434,990 On 05-12 Down 5.7% from $434,900 On 05-14 Down 4.6% from $429,900 On 06-01 Down 3.5% from $424,900 On 06-30 Down 2.2% from $419,000 On 08-05
Previous Sales: Sold on 2005-07-28 for $425,500
MLS# 60085431 Google Maps |
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 9060 Clarissa Dr Orangevale, CA 95662 | |
 3729 Rock Island Dr Sacramento, CA 95827 | |
 5248 U St Sacramento, CA 95817 | |
 7568 Mountain Oak Way North Highlands, CA 95660 | |
 9136 Giant Panda Dr Sacramento, CA 95829 | |
 6701 Kenton Way Elk Grove, CA 95758 | |
 5855 13th St Sacramento, CA 95822 | |
 11722 Arete Way Rancho Cordova, CA 95742 | |
 3712 Lenore Way North Highlands, CA 95660 | |
 2121 Bradburn Dr Sacramento, CA 95835 | |
 9968 Autumn Sage Way Elk Grove, CA 95757 | |
 3001 Sparrow Dr Sacramento, CA 95834 | |
 530 Garden St Sacramento, CA 95815 | |
 180 Sutley Cir Sacramento, CA 95835 | Total Loss: $10,500 | Percent Loss: 2.1% | Asking Price: $499,000 Bedrooms:5 Baths: 3 Sq. feet:2291Asking Price Changes: Down 6.9% from $536,000 On 04-27 Down 5.0% from $525,000 On 06-09 Down 3.7% from $518,000 On 06-22
Previous Sales: Sold on 2005-12-15 for $509,500
MLS# 60042288 Google Maps |
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 3739 Broadland St Sacramento, CA 95834 | Total Loss: $10,100 | Percent Loss: 2.0% | Asking Price: $489,900 Bedrooms:5 Baths: 3 Sq. feet:2383Asking Price Changes: Down 1.9% from $499,500 On 06-01 Down 1.8% from $499,000 On 06-16 Down 1.6% from $498,000 On 06-22
Previous Sales: Sold on 2005-07-14 for $500,000
MLS# 60072775 Google Maps |
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 3721 Jasmine St Sacramento, CA 95838 | |
 3862 Saintsbury Dr Sacramento, CA 95834 | |
 8025 Neisa Way Sacramento, CA 95828 | Total Loss: $9,600 | Percent Loss: 2.5% | Asking Price: $369,900 Bedrooms:4 Baths: 2 Sq. feet:1810Asking Price Changes: Down 7.3% from $399,000 On 04-21 Down 11.7% from $419,000 On 04-27 Down 7.3% from $399,000 On 05-12 Down 3.9% from $385,000 On 06-30 Down 3.9% from $384,900 On 07-22
Previous Sales: Sold on 2005-05-06 for $379,500
MLS# 60039558 Google Maps |
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 6913 Richman Way Sacramento, CA 95828 | |
 3436 Windsor Dr Sacramento, CA 95864 | |
 15568 Topspin Way Rancho Murieta, CA 95683 | |
 5123 Seaglen Way Sacramento, CA 95835 | |
 4525 Winter Oak Way Antelope, CA 95843 | Total Loss: $8,000 | Percent Loss: 2.1% | Asking Price: $367,000 Bedrooms:3 Baths: 2 Sq. feet:1595Asking Price Changes: Down 5.8% from $389,500 On 04-09 Down 5.3% from $387,500 On 04-27 Down 4.8% from $385,500 On 05-04 Down 0.5% from $369,000 On 07-08
Previous Sales: Sold on 2005-05-25 for $375,000
MLS# 60075754 Google Maps |
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 6926 Paseo Del Sol Way Elk Grove, CA 95758 | |
 7772 Southland Ct Sacramento, CA 95828 | |
 8278 Leesburg Way Elk Grove, CA 95624 | |
 5586 Honor Pkwy Sacramento, CA 95835 | |
 9123 Cobblefield Dr Sacramento, CA 95829 | |
 5 Yahi Ct Sacramento, CA 95833 | |
 1807 Danbrook Dr Sacramento, CA 95835 | Total Loss: $5,000 | Percent Loss: 1.3% | Asking Price: $379,000 Bedrooms:3 Baths: 2 Sq. feet:1475Asking Price Changes: Down 5.1% from $399,500 On 04-27 Down 4.1% from $395,000 On 06-30 Down 2.8% from $390,000 On 07-15
Previous Sales: Sold on 2004-11-23 for $384,000
MLS# 60041521 Google Maps |
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 9016 Lismore Dr Elk Grove, CA 95624 | |
 9298 Prudhoe Ct Sacramento, CA 95829 | |
 9141 Bramwell Way Sacramento, CA 95829 | |
 1830 Hawkhaven Way Sacramento, CA 95835 | |
 5128 Rabeneck Way Fair Oaks, CA 95628 | |
 4090 Clarewood Way Sacramento, CA 95835 | |
 2175 Florin Rd Sacramento, CA 95822 | |
 3575 Cattle Dr Sacramento, CA 95834 | |
 6300 San Martin St North Highlands, CA 95660 | |
 4541 39th Ave Sacramento, CA 95824 | |
 387 Cedar River Way Sacramento, CA 95831 | |
 400 Turn Pike Dr Folsom, CA 95630 | |
Total 214 in Sacramento County
7 comments :
Max, this is starting to hurt. 15-20% losses are already common place in Sacramento? And again, this disregards any carrying costs, closing costs or commissions? Some of these listings on MLS look like they have never been lived in. No one can deny the real estate bubble has popped in Sacramento.
It was unusual to see listing under $200/sf last year. Now they are going "begging".
Your last batch of Flippers in Trouble (FITs) was viewed by over 3,000 people. Let's track this set (FIT #4). On August 15 at 8:30 AM, your meter reads 13,596. I will check back next Saturday to update.
JR, you are right on that score. Over $200/sf is a non-starter these days. I visited some builder "blow outs" this weekend. Brand new homes, premium lots, all the upgrades, priced at $150-$175/sf. Amazing! You just have to close in 45 days. My current home increased to a value of $425,000 by 2005. Now I think it will drop back to $250,000 (58% decline) before all this is said and done. That would be $149/sf. Good thing I did not take that $340,000 cash out refi the lenders were hawking.
214 properties, representing approximately $14,000,000 in losses BEFORE carrying and selling costs, which at 7%, will be another $7,000,000. So $21,000,000 of losses ASSUMING they get their asking price and close escrow this month. HMMM, that is $98,000 per homeowner on this list. There is a "median" sale number to ponder.
Wonder what that giant sucking sound is being heard across the "golden" state? Check out craiglist.org for the Bay Area and then search for "reduced" under Real Estate Listings.
The hottest of CA's bubble markets is in serious trouble -- as evidenced by the fact that the number of discounted listings increases almost hourly. It's only a matter of time until the sucking sound is accompanied by an equally unpleasant smell . . .
Cudos, Cudos to the developer of this site. I check sites all over the country but nothing speads better than numbers.
Thank you
not speads but speaks - see above
Viewing count: Saturday Morning, 9:30 AM = 15,407. So in 5 days, this site had been seen by 1,811 people. 360 people/day. As they say in the business of religion, that is 360 potential souls saved from the brink.
Good work Max.
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