May 9, 2008

A Sweet Digs Survey for the Highly Impatient: Just 8 Questions

Long surveys suck. Especially when you know many of the results are going to end up on a corporate Powerpoint as useless filler. That’s why we’re getting down to the nitty gritty. We want to know who are readers are and why you read Redfin Sweet Digs. That’s it. Please take a minute to fill out our blog survey. It will help us improve Sweet Digs, Scout’s honor.

Click here to take the survey.

We’ll share the results with everyone in a couple weeks. Thanks.

-The Sweet Digs Team

Photo credit: glenOX on Flickr

May 6, 2008

Bargain Buys / Home Expo 2008

Be There or Be Square

Wow, is it that time again already? Yes! Time for the first annual San Diego Home Expo where we can learn all about buying, selling and maintaining a home. Exhibits and speakers will enlighten and inform us. This will be May 10, Saturday, at the Convention Center downtown.

You will find speakers discussing “What can I really afford?”, “loan options”, “how to get my home ‘For Sale’ ready”, and “Advantages & Costs of Going GREEN”. Lori Staehling, 2008 SDAR President will tell us “Why work with a REALTOR®?”. Upstairs will be workshops on “What to do when the Tide Turns?”, “Disaster Preparedness” and “Preparing To Buy Your First Home”- some in both English and Spanish.

I didn’t count, but there must be 100 exhibitors including lenders, builders, remodelers, publishers, Realtors, and consumer advocates. Major sponsors include Countrywide, Sandicor, the Union-Trib, Building Industry Association and, of course, the San Diego Association of Realtors.

Don’t fall for the people offering free admision tickets with strings attached. You can get your own at the web site.

This should be fun and informative, I’ll be there. BTW, May 9 is for real estate pros only.

Now let’s look at some Bargain Buys in East County. These are all single family detached homes of medium size and have a low cost per square foot.

Hey, the FHA is sponsoring a blog contest and I am now entered. Feel free to vote for this San Diego East County blog and give me a pat on the back. Thanks, and your comments will help me serve you better.

Vote for this site

Real Estate Blog Contest
presented by FHA Mortgage Center

Also a pat on the back to the FHA for all their good work!

Thanks for stopping by. If you buy one of my featured homes, come back and tell me about it. I have no financial interest in these listings- they’re there because I think you might like them.

You can follow my East County blog here or here. You’re at Redfin, the unbiased source for local real estate information.

[data from generally reliable sources, please comment on any errors!]

May 5, 2008

Monday Madness - take a Realtor to Lunch

This is a note from Redfin in response to the post below:

Here at Redfin we have a lot of respect for our fellow real estate agents and this post doesn’t reflect that. The post wasn’t intended to vilify agents but it didn’t communicate the values we try to operate our business by, and for that we apologize.

As a result, we have decided to let our last San Diego blogger go. Redfin Sweet Digs is written by contractors whose sole responsibility is to write commentary about market trends not agents. Our intention for Sweet Digs is to be an unbiased voice of local real estate and until we can accomplish that vision we’ll discontinue the blog in San Diego. (Bahn Lee and Ellie Fields, Redfin Marketing)

Help them understand that it’s time to move on

What auto or insurance salesperson doesn’t envy the fat commission of a Realtor? What housewife doesn’t have a secret fantasy of a glamorous part-time job that brings in the occasional $10,000 commission check? Check? Let’s check again with a reality check.

I know you came here expecting a few belly laughs in the Monday Madness column, but let’s tone it down a bit out of respect for our sales and mortgage friends who will be leaving shortly. The tide has turned and they will be finding other interests and income and we should wish them well.

We’ve seen this before in San Diego. During a real estate boom, Realtors spring up like bright desert flowers after the first rain. During the bust, they fade into the grey background. This creates stress for Realtors, their clients, their companies and the entire industry. Since the time of pioneer developers Alonzo Horton and George P. Marston, San Diego has seen these booms & busts. What does the future hold?

There are at least three reasons to believe that the future will bring more stability to San Diego real estate: a stable population; legislative reform; Redfin and other innovators.

San Diego presently has around 3 million people. Barring disaster, this population will neither double nor halve suddenly as the area population has done in the past. The numbers are predictable for the next decade or two and housing needs can be anticipated. Infrastructure constraints are also predictable, such as road, water, sewer and energy requirements. The massive weight of Federal, State, County and City governments, along with scores of agencies such as water authorities, assures that there will be no sudden changes in the legislative environment as well. With no demographic surprises, the real estate industry can settle into a manageable size proportional to the work to be done.

According to Lori Staehling, San Diego Association of Realtors president, “We have 22,000 Realtors in the county. There were barely 22,000 transactions last year.” According to ordinary folks, this is a system out of balance, out of proportion. One sale per agent? How do they pay for those fancy cars?

Legislative reform and other oversight measures should bring the mortgage banking industry into some reasonable semblance of ethical behavior. This business, like the booms & busts, has bounced from excess to reform too many times in the past. It would seem reasonable that this problem would be fixed now and forever. If industry reforms can’t do it, Big Brother should step in with a big hammer to correct the problem.

A little aside here: It’s easy to think that mortgage lenders and Realtors are evil. It takes more understanding to realize that they are victims just as their clients are. They just wanted to make an honest killing living doing a fun job. They meant well but got caught up in a system that rewards behavior that hurts people. Nobody starts out wanting to hurt people but by degrees people veer off course. Ask anyone on death row.

Finally, the creative energy of West Coast startups (Redfin and others) brings a fresh look at real estate. For centuries, people have had to trust ‘experts’ with major property purchases. Realtors, lawyers, bankers, appraisers and other experts created an industry for themselves and pressed government to lock in exclusive rights in their particular specialty. Buyers and sellers were at their mercy.

Today, buyers and sellers can take control of slightly more of their property transaction with the help of technology. Just like other investors, these people finally have some access to formerly secret data held for the exclusive use of insiders. We can expect this trend to continue, with more and better information available to regular citizens. We might expect contracts and financial documents to be written in plain English, someday, and regular folks would understand what they are signing without a law degree. These trends are powerful, at least in California and the West Coast, and people will demand them.

As a result, Realtors and lenders will have a different role in property transactions. They will guide, explain and help with negotiations. Straightforward standardized paperwork will largely eliminate the most tedious work of Realtors and especially lenders. Clients can search the market on their own with increasing ease. Realtors will spend most time educating clients and some critical time negotiating with or for them. In other documents I’ve discussed the market for foreign buyers, and I expect that in the near future, Realtors will be expected to have a solid foundation in applicable international law and finance.

So there will be fewer Realtors and their education will have to evolve to include more law and finance, and less sales training. They will become professionals rather than sales agents. The pay structure will also evolve toward something resembling that of lawyers or accountants, rather than a flat percentage of a sale. Realtors may be held accountable via some performance measurement criteria yet to be invented. New rules are already in the works for licensed lenders. Changes will be bad for some lenders, great for some Realtors who can charge a premium based upon their performance.

One of the great innovations of Redfin is that agents are paid in proportion to the satisfaction of their clients. Can you think of ANY company doing that today? A flat commission, or any commission arrangement based upon the size of the sale is a ludicrous criteria for remuneration. You can expect such ideas to come thick and fast as West Coast innovative thinkers cast aside the dinosaurs of the realty world.

But let’s get back to your friend, neighbor or church member who happens to be a Realtor or lender today. Take this good soul to lunch. Mention this article and implore him/her to consider a radical remake of his approach, an acceptance of change, or a different career. The sooner, the better- you’ll be doing a great favor despite the inevitable denials and coarse words you receive.

You can follow my East County blog here or here. You’re at Redfin, the unbiased source for local real estate information.

[data from generally reliable sources, please comment on any errors!]

May 3, 2008

Open House- ‘droids

Robotic promotions, automated listings

The thing I like best about craigslist is that it is straightforward and not commercialized. Regular folks post ads, regular folks read them. Free to all (or most). Lately, as I peruse the Open House listings, I notice some exotic ads with fancy graphics and text. There are services now that provide inexpensive means to produce these ads and Realtors seem to be jumping on the bandwagon. It seems they can fill in some blanks (number of bedrooms, square feet, etc) and upload some pictures and with little effort they have a colorful promotion. No doubt the process will be entirely automated soon and the agent will have nothing to do but collect her commission check.

Here’s an excerpt from a fancy ad:

Very attractive, but…

Here’s a peek at a standard ad requiring no additional software.

Kinda plain, huh?

OK, it’s plain. But isn’t that the charm of craigslist? God knows that the web is saturated with flashing doodads, annoying advertising and obnoxious sounds in some parts. Even the prettiest parts are annoying when they sacrifice simple functionality. Serious business should be treated seriously and what could be more serious than investing in a home? Let’s hope that craigslist can avoid the hype and bull that threatens to cover the entire internet.

You can follow my East County blog here or here. You’re at Redfin, the unbiased source for local real estate information.

[data from generally reliable sources, please comment on any errors!]

April 28, 2008

Monday Madness - Eating Lemon Grove, part 4

They say the neon lights are bright on Broadway

Here we are in the heart of the tiny city of Lemon Grove. Downtown is more hectic with the Trolley, Home Depot and Food 4 Less arriving in recent years. Still, people walk about because everything seems close and convenient.

We finished all the restaurants West of Lemon Grove Avenue and we’re hungry and eager to check out downtown. A quick peek at the ’strip’ before we go:

click any image to enlarge

South side of Broadway:

• Da Boyz- Pizza with attitude! Check out the old timey gangsta movie photos on the walls.
• Por Favor- Well respected local family eatery with patio dining available.
• Starbucks- Not many coffee snobs in Lemon Grove, yet the place seems popular.
• Golden Donut- For now it’s the only donut shop around. It’s a good spot for people watching.
• LG Pets- I don’t care how tender and juicy those puppies and kittens are; eating them is just wrong! Maybe a nutritious goldfish would be a quick snack though.
• Baskin Robbins ice cream- Rich and creamy!
• Papa John’s Pizza- Premium pizza from a name you know. fairly new in town.
• KC’s Express Chinese - Lemon Grove is blessed with many choices for Chinese food. At least one city councilperson buys here (can’t go wrong with insider tips).
• Los Rios Mexican - Excellent burritos and more. Recommended to me by a LG librarian.
• Jack in the Box - A very old store brought up-to-date. Used to look like a box, with the clown jumping out.

From Papa John’s you can look up Grove Street to the north. A block or two up there is a large cluster of condos, many of which are available at excellent prices. They include the usual pool, clubhouse etc, and when you buy with Redfin you can save around $1000. Recently a 1,022 sq.ft. unit sold for $175k. Let’s look at some quick stats on these:

North side of Broadway:

• Antique Row- Relatively new to LG, very popular, slightly upscale family dining and new patio for those who enjoy the ‘Greatest Climate on Earth’.
• Cilantro- Vegan dining comes to Lemon Grove. They’re new in town so pay them a visit.
• Panda- Well established, comfortable Chinese restaurant.
• El Pollo Grill- They were popular at a nearby location and now far more popular since they moved here.
• LG Deli and Grill- Before there was a Subway or Submarina, there was the famous Lemon Grove Deli.
• Food Factory cafe- Local business people eat here. Breakfast & lunch only.

Parking is a bit tight at times. Plenty of room near the donut shop and behind the shops on the North side of Broadway. Enjoy a walk around town, visit lots of eateries, shops and enjoy the bustling ambiance of a small town 8 miles from downtown San Diego. There are lots more restaurants to come in the final installment of Eating Lemon Grove.

see also:
Monday Madness - Eating Lemon Grove, part 1
Monday Madness - Eating Lemon Grove, part 2
Monday Madness - Eating Lemon Grove, part 3

You can follow my East County blog here or here. You’re at Redfin, the unbiased source for local real estate information.

April 26, 2008

Open House - A Realtor Conspiracy?

A Rant about Incomplete Open House Ads

Realtors are going all out to make sure you can’t get useful information from their Open House advertisements. You might think they would be happy to see their listing in my blog, for instance, and shared at other online locations. Yet I found a full dozen Open House invitations here in San Diego East County today and not a single one included an MLS number. Some wouldn’t even offer an address. Listings for condos failed to mention the Homeowners’ Association fees. It takes a lot of detective work to bring you these few open house listings, but with them you can follow the link to the Redfin page for a complete look at the MLS data and much, much more.

I am tempted to pick out one of the elaborate listings from the San Diego Reader or Craigslist and praise the wealth of pictures- pics of the house, of the agent, of the agent’s logo. I could praise the flowery text describing the property and the arrangement of text, pictures, and raw data. These adverts clearly show that someone has given thought, energy, time and money to get them right and have them posted in several places (a service does that for them). I don’t want to embarrass any particular agent, however, when I blast the ad for not including the MLS number, the address or other information that any reasonable shopper would clearly need before driving across town to see the property or suffering the obligatory interview with the agent.

Then there are the simple Open House ads. Maybe four sentences that might include an address, the date of the Opening, number of bedrooms and price. Those last two are always included. The most backward Realtor understands that the public demands at least that. Let’s make them understand that we demand more. Remember that when these simple ads include an MLS number, you and I can see the rest on Redfin or elsewhere. That little number gives us much important information. (is that what they’re afraid of?)

I would love it if you would call every agent with a ‘teaser’ listing and scream “I’m mad as hell, and I’m not going to take it any more!” Do not play their game. If they refuse information, you should refuse to go.

That’s right. Let the tricksters sit and stew during their Open House day all alone. This is the information age. Many Realtors are dragging their stone age feet and continuing to play the games of the 1950s. Let the fossils find other work and the honest agents have your business. You are making a major investment- do you really want to trust an agent who is concealing relevant information before you even meet?

I’m sorry to be so harsh. Remember I’m not an agent. In my innocence, I expect agents to exhibit the same professional diligence and integrity that we expect of doctors, bloggers and teachers. I believe Open House days bring opportunities for Realtors, buyers and sellers. I’m aware that the agent often finds this a very difficult day and they put forth a heroic effort during the experience. I just can’t understand why these sometimes elaborate Open House announcements deliberately hide critical information.

You can follow my East County blog here or here. You’re at Redfin, the unbiased source for local real estate information.

[data from generally reliable sources, please comment on any errors!]

April 23, 2008

What’s Selling in Spring Valley lately?

Hard to beat these prices!

The actual sales prices are priceless. This is where the rubber meets the road and seller’s hopes and buyers efforts reach their ultimate compromise. As you study the asking prices, it’s valuable to know where they finally end up.

Your Name Here?

Make it Redfin!

This caught my eye because I bought a 5br home in 1979 for $80k. Things have changed. This 5br house w 2 baths sold on Apr 3rd for $273,750. That’s $132 per square foot, boys and girls. Impressive these days. 10163 Canyonridge Place in Spring Valley has 2,081 square feet, built in 1978. In 2005 it sold for $514k, almost twice the current price. The Redfin data isn’t current yet, but you can find more at Trulia. Zillow estimated this property at $397,500.

2423 Carrera Court is a similar recent sale. It’s a 4 br 2 ba 1,873 sqft home built in 1979 that sold for $280k ($149/sq.ft.). Sweet. The last sale listed was $165,500 (10/28/1993) which seems a reasonable appreciation for a residence in a community without dramatic fluctuations. The ZESTIMATE™ was $384,500

Let’s have a look at the ‘expensive spread’ with fewer calories for more dollars: 10540 Villa Bonita sold for $385,000 on Apr 3rd, 2008. Not an outrageous price for 4 br 3 ba 1,882 sqft is it? Still it is $205/sq.ft. which is a bit higher than the above listings. The price has come down as you might expect from $515 in 2005. We’re using Trulia for this information and they don’t offer Zillow estimates. This sale seems slightly higher than the previous, but for all we know there are gold filled plumbing appliances and carbon fiber toilet seats. There’s much you can’t learn from listings alone.

We should include a condo here so take a look at 3011 Chipwood Court, 2 br 2 ba 916 sqft and it sold for $137,900 on Apr 3rd, 2008. What can we add to this? It was built in 1987 and at this price it sold for $151/sq.ft. Does that seem low? Normally, smaller homes draw a higher price per square foot than larger homes. This is a very low price per foot even in East County. Add to that the fact that the unit sold for $322k in 2005 and this is a crushing reduction. On sold homes, we don’t have access to homeowners association fees and that is critical to evaluating condo sales.

Let us take a moment to reflect upon the wealth of information available to us in recent years. Let’s appreciate that it is a snowball effect that grows monthly and we can expect a continuing explosion of new data in the months ahead. Companies like Trulia, Redfin, Zillow and even the stodgy MLS are finding ways to inform and educate.

But all is not perfect. Nobody offers all the answers yet and you can’t depend entirely on the data they offer. Trulia doesn’t offer Zillow data. Zillow is somewhat limited with their estimates but improving. Redfin shows none of these recent sales but is good about active listings in general and lots of community information (and community blogs like this). There are others offering worthwhile information on foreclosures, open houses, freeform listings, FSBO, mortgage reform and much more. There will be new companies who may displace some existing efforts with innovative approaches. We are part of a pioneering effort that will lead us all into unknown territory. For those who fear change, it may be time to reconsider for there will be great opportunities. Buyers and sellers are in the driver’s seat for the first time in history.

You can follow my East County blog here or here. You’re at Redfin, the unbiased source for local real estate information.

[data from generally reliable sources, please comment on any errors!]

April 23, 2008

Something I’ve Been Meaning to Say for A Long Time

Reposted from the corporate blog:

For no real reason, a San Diego Sweet Digs blogger attacked real estate broker Kris Berg today. The contract blogger, a usually kind person who deeply regrets the post, no longer works for Redfin because she violated the first rule of our culture, which is that everyone is respected. The charter of Sweet Digs is to write about local real estate, and to leave the shooting-yourself-in-the-foot-stuff to me.

The post makes me physically ill, not only because it seemed mean-spirited but because we know Kris Berg to be a wonderful person, a total pro and a darn good blogger. Worst of all, it deepens a brainless, destructive division between Redfin and our peers that has caused me great — this is the right word — anguish. We have already commented directly on the post, and Kris has already been gracious enough to accept our apology. So the rest of this post is an apology to everyone else in real estate, many of whom have reacted to more than just what we said about Kris last night. And because this is so hard to write, it’s also a list of small but important things we can’t apologize for too.

We all know that Redfin’s business model is different than yours: we try to get customers via our search site, we pay our agents salaries and customer-satisfaction bonuses, we want to put the escrow process online to avoid talking so much to our customers, and we refund part of our commission. This makes us freaks perhaps, or even fools if you like, but not an enemy.

Just because our model is different doesn’t mean that we think it’s universally better than the commission-based model. You have no idea how many times a day, every day, all night, we worry that we can’t make it work, usually right before we’re filled with euphoria at our prospects. We long ago imagined the party you’ll throw on our grave if we fail. But the reason we can’t give up on Redfin is that it’s what we would want for ourselves. Clearly, most consumers still prefer the traditional model. But some consumers have chosen our model too.

So that’s what we can’t apologize for: for who we are, for tinkering to make our model better (especially around tours, where it has been broken), for believing we can make it work. But we are sorry for our tone — I am sorry for my tone. What is most important to us is that Redfin’s (often ineffective) calls for reform stop ticking you off. Like you — and unlike the Zillows and Trulias whom you love (and whom we sometimes find ourselves admiring too) — we are real estate agents. We have a vested interest in making real estate better. We share our data via the MLS. We play by its rules. And we work together buying and selling homes.

The change we want is change everybody wants: that consumers can choose the services they pay for without fearing retribution, that they can access property information on their own. That’s it.

I don’t know how we’ve screwed things up so badly that our complaints about vandalized yard-signs or blocked offers have ticked you off. We should all denounce the one-in-a-zillion nut jobs who pull these stunts, because they make us all look bad, and it only takes one or two to terrify an entire market (#1 reason Redfin.com visitors don’t buy through us, 2 years straight: “fear of discrimination”).

It took us a while to realize how stupid it is for us to talk to the press about these incidents — nobody is ever punished, in even the slightest way, even when caught red-handed, and nobody else in real estate is outraged — but we’ll try harder to work out future incidents in private.

And, today’s blog post aside, there is reason to believe we can patch things up with everyone else. Last week, I finally told Greg Swann — he was so nice and gracious — that I was sorry for picking fights with him. Last month, an MLS decided to liberalize its data-sharing rules. Yesterday, a broker phoned to point out — privately, kindly — a possible error in one of our marketing claims (which we will correct if it’s wrong). And Kris Berg took my call today when 9 out of 10 people would have hung up in my face. Every week or so, I get a thank-you note from an agent about a deal we worked on together. How wonderful, how unnecessary and necessary, is that?

So maybe there’s hope that we can work things out. This isn’t a promise to be boring. But at least we can be civil. We weren’t today. We are sorry for the post about Kris Berg. We wanted to say to everyone else in real estate talking about this post that we hope there can be peace between us.

-Glenn Kelman, Redfin CEO

April 22, 2008

Barbie Takes a Bite (Again!)

 The following post was on an unauthorized topic by one of the local real estate mavens who contribute to Redfin’s blog. The writer no longer works for Redfin, which has published a retraction on our corporate blog. We have great and genuine respect for Kris Berg. We apologize for this post. (Glenn Kelman, Redfin CEO)

I am not a big fan of “competitor” bashing. I usually figure that, unless someone does something that is unethical, disingenuous or hurtful, there is room in this world for differences. The abundance of choices and our freedom to make them is at the very foundation of this country’s moral compass.

Redfin has sometimes been characterized as the anti-realtor. That is a manipulation of the truth. Sure, there are lots of things we don’t like about traditional real estate and making a change motivates us. But, those who tout our demise are the traditionalists looking for reasons to justify the preservation of practices we truly don’t support. Barbie is one of those looking. Not only is she looking, but she is stewing, biting, overindulging and making herself sick.

In all fairness, hunger makes people behave badly. I am reminded of the proverb about the impoverished old lady who stole a loaf of bread to feed her family. Did her desperation justify her actions? The difference is that our lady isn’t starving, in fact she’s feeding herself to excess. And she’s doing it with others’ contributions.

Anyone can organize a canned food drive, but without can openers, a cook top and plastic ware, what good does it do? Isn’t that pretty superficial? Same with blogger fodder. What is the value of feeding your readers meat of any quality if you took the goods from someone else’s fridge and then serve it up with bitter herbs? Everyone ends up with a bad taste, longing for a barf bag and mouthwash.

Barbie and Ken have accrued quite enough wealth of their own and could easily throw a gracious party. Yet, they choose to feed on the wealth of others instead, taking just the bits they want and serving a meal without all the food groups. If you want a canned meal disguised as a formal soiree, they’re throwing a gala. If you want a quality caterer without all the pretentious fluff, there are better places to party.

Recent San Diego Sweet Digs Posts:

Open House 4-19 & 4-20

Fear and Loathing on Golden Hill

Tragedy, Triumph, Tides: What Wikipedia Has to Say About San Diego

The American Dream - remembered

The $6,000 Chair: Seller Knows Best?

April 21, 2008

Ginger and Mary Ann in Hillcrest, Ocean Beach, North Park

San Diego real estate is a plethora of architectural and building styles.  From spanish to colonial, traditional to modern, bungalows to mansions and everything in between.  What is your style?  If you’re a Ginger, then you might lean towards sleek and glamorous.  If you’re a Mary Ann, then perhaps your taste is more along the lines of casual simplicity.  Hillcrest, Ocean Beach and North Park have lots of listings to choose from in each of these realms and in similar price ranges so you can be a movie star on a budget or the girl next store who wants to splurge on something special.  Doesn’t that just make you want to break into song? 

Ginger in Hillcrest:  4055 Third Avenue #103.  2004 condo with one bed and two baths.  It has 1,820 square feet and is priced at $329 per square foot.  Asking $599,000.  Short sale with no past sales price or valuation data.  On Redfin 36 days.

Mary Ann in Hillcrest:  3633 Indiana Street #13.  1980 condo with two beds and two baths.  It has 975 square feet and is priced at $327 per square foot.  Asking $319,000, last sold for $223,000 on January 26, 2001.  It’s Zestimate is $401,000 and eppraisal is $335,059.  On Redfin 46 days.

Ginger in Ocean Beach:  4916 Del Mar Avenue.  Single family home with two beds, two baths.  It has 1,410 square feet and is priced at $635 per square foot.  Asking $895,000, last sold for $850,000 on September 17, 2004.  It’s Zestimate is $707,000 and cyberhomes valuation is $782,548.  On Redfin 10 days.

Mary Ann in Ocean Beach:  5040 Saratoga Avenue.  1948 detached condo with two beds and one bath.  It has 792 square feet and is priced at $581 per square foot.  Asking $460,000, last sold for $536,500 on November 9, 2005.  It’s Zestimate is $387,000 and cyberhomes valuation is $401,374.  On Redfin 102 days.

Ginger in North Park:  3779 Granada Avenue.  1971 single family home with three beds and two baths.  It has 1,838 square feet and is priced at $326 per square foot.  Asking $599,000, last sold for $160,000 on September 23, 1994.  It’s Zestimate is $663,000 and eppraisal is $512,003.  On Redfin 92 days. 

Mary Ann in North Park:  3140 Thorn Street.  1916 single family home with three beds and two baths.  It has 1,775 square feet and is priced at $326 per square foot.  Asking $579,000, last sold for $653,454 on April 30, 2007.  It’s Zestimate is $614,000 and eppraisal is $477,543.  On Redfin 185 days.

If you liked this post you might also enjoy:

Tragedy, Triumph, Tides: What Wikipedia Has to Say About San Diego

The $6,000 Chair: Seller Knows Best?

Elephants to Ants: Price Reductions Big and Small