Median Price Busters

You’ve seen the ads- "This property last sold at $500K- now asking $250K!"

Sometimes the lower prices are a result of a falling market, but sometimes the prices are a result of, shall we say, "property modifications" on the part of former homeowners and or tenants [Who paid to be there, or not].  Thanks to Eugene Garcia of the OC Register for sharing his Real Foreclosures of Orange County, including this custom paint job:

No wonder we are seeing median prices dropping in many areas. 

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4 Comments for this entry

  1. Keith says:
    June 17, 2008 at 8:38 AM

    Now your good RE agent would market this with ‘FRESH PAINT!!!’

  2. freemonster says:
    June 17, 2008 at 8:58 AM

    Society is rapidly deteriating. How would you like to have these folks as neighbors? This whole mess is just so goofy.

  3. aaaaudio says:
    June 19, 2008 at 12:45 PM

    Talk about custom paint job! The house is one ting but the cement too!

  4. twist says:
    June 19, 2008 at 8:42 PM

    Aaaaudio-

    None of that confusion about which tan stucco home with the tile roof if yours, for sure.

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