Falling Kinife Wrightwood

1537 Betty St, Wrightwood, CA
Price history such as it is:
01/17/2012 Listed for sale $159,000 -14.1% $222
07/30/2008 Sold $185,000 -19.2% $258
05/12/2008 Price change $229,000 -8.4% $319
02/19/2008 Listed for sale $249,900 186% $349
10/19/2001 Sold $87,527 -- $122

Last month DQNews reported the village sales as averaging $105/sf.
I'm sure the 2008 knife catchers and current bag holders were sure they had stolen this house at $258/sf. The sad part is that the 2 "bedrooms are more like closets and the single bath is actually a 3/4 bath. See below:

The Eyes of Laura St.

1446 Laura St. to be exact.

Check out the listing history:
Oct 17, 2009 Price Changed $235,000 -- MRMLS #I721298
Jul 14, 2009 Price Changed $265,000 -- MRMLS #I721298
Jul 21, 2008 Price Changed $299,000 -- MRMLS #I721298
Jul 21, 2007 Price Changed $309,000 -- MRMLS #I721298
Apr 28, 2007 Price Changed $329,900 -- MRMLS #I721298
Apr 02, 2007 Listed $344,000 -- MRMLS #I721298

As we close in on the 1000 day listing you would think they'd have learned a few lessons. They've made 30 mortgage payments and 5 tax payments in this time while losing equity faster and faster. Had they listed in April 2007 for $275,000 they'd have closed in a month. Instead they've spent $25k and watched another $50k evaporate.

Wrightwood Burning

ABC 7 here.

Rim of the World coverage here.

LA Times.

Ghoulish comment. Mmmmm, smells like cheap houses.