Thursday Diversion

This is my middle kid doing her job.  How cool is that?  For the less nature in tune, those are big cat paw prints. 

That's one big kitteh. 

Time Warp In The Flume Canyon Museum

If you guessed built in 1980 you'd be right but come on. How hard was it with these pictures?  
More time warp pics and details at

23306 N Flume Canyon Dr Wrightwood, CA 92397

Australia 2018 = USA 2006

No the following is not about SoCal in 2006, it is about Sydney Aus 2018.

…A couple asked him to sell a two-bedroom weatherboard home in Veron Street in Wentworthville, 27 kilometres west of Sydney, for $950,000 when it was only worth about between $820,000 and $830,000. They bought the home for $790,000, two years ago.
“I asked them where they got that number from and they said that was the number they need to pay back the $200,000 they borrowed from family to buy the home as well as repay their interest-only loan,” he said.
“A lot of them initially paid $2000 to $2500 a month on their interest-only loans, and now they have to pay $4000.”

We all know how that ends.

Read the whole article:

Western Sydney ground zero in interest-only mortgage bust

 

 

Here Come the Real Reductions

Seems the sellers are waking to their asking for a price too far.  Both of these are also examples of lower prices per square foot. 

MASSIVE Price Reduction?

Remember this cute little cottage featured a few weeks ago?  The cabin with ZERO bedrooms listed as TWO bedrooms?

1015 Robin Ln Wrightwood, CA 92397

New Asking: $230,000

 

The $5,000 reduction has made an 80 cents per day reduction in the mortgage.    Deal maker!  

Nothing Says Curb Appeal Like...

Welcome!

4426 Oil Well Rd Phelan, CA 92371

$399,000 Pending

4Beds 2Baths

2,392 Sq. Ft.

$167 / Sq. Ft.

6ac.

 

Located In A Majestic Valley Of Joshua Trees. Beautifully Remodeled Custom Home With Everything New  

 

As they say location, location, location. 

 

Flip It Flip It Good

1015 Robin Ln Wrightwood, CA 92397

Recently updated and fully furnished (Everything inside is included) located in the Acorn area of Wrightwood with a level entry off the street. This property has new paint, flooring, appliances, furniture and even a washer and dryer. Ready to move in or rent out with an approval from the County for short term rentability...

Very nice kitchen remodel. 

 And how is this sweetie represented?  

2 Beds  1 Bath

836 Sq. Ft.

$235,000

$281 / Sq. Ft.

 

Let's check out the "bedrooms."That's right.  ZERO bedrooms, just a loft. 

Presentation Makes the Sale

Did the termites object to removing the woodpiles? 

2041 Slippery Elm Rd Wrightwood, CA 92397

$199,000

 

 

When is a Price Reduction not?

I want "back on market" to include why.  In this case it is failing to assess.

Property History for 680 Big Rock Road

Date	Event & Source	Price	Appreciation
Jul 31, 2018	Relisted (Active) CRMLS #CV18145580	—	—
Jun 19, 2018	Delisted (Hold Do Not Show) CRMLS #CV18145580	—	—
Jun 18, 2018	Listed (Active) CRMLS #CV18145580	$680,000	—
Jun 18, 2018	Delisted (Withdrawn) CRMLS #CV18033504	—	—
Feb 12, 2018	Listed (Active) CRMLS #CV18033504

I want "price drop" to mean 10%. 
 

Property History for 9727 Cedar Street

Date	Event & Source	Price	Appreciation
Aug 1, 2018	Price Changed DAMLS #218016874	$448,000	—
Jul 16, 2018	Price Changed DAMLS #218016874	$458,000	—
Jun 6, 2018	Listed (Active) DAMLS #218016874	$474,500	—

Property History for 1386 Helen St

Date	Event & Source	Price	Appreciation
Jul 31, 2018	Price Changed CRMLS #IV18172590	$330,000	—
Jul 19, 2018	Listed (Active) CRMLS #IV18172590	$340,000