How is this for a haircut? M sent me the following listing yesterday:
The listing said:
If you are in the market for a wonderful home at an unbelievable deal this home is a must see. Lovely quiet lot in a great neighborhood. This home is priced for a short sale. Home valued at $270,000 and being sold at $135,000.
According to the website of the Arizona Republic and Zillow, this home last sold for $300,000 in June 2006. That means that with a selling price in October of $89,000, this home dropped 70% in 16 months. In addition, this home has 2,184 sq. ft. That means it sold for $41/sq. ft!
