clock menu more-arrow no yes

Filed under:

Price Chopping Southern California

They're big and beautiful. And they're not moving. So it goes. The days of overpriced homes being snapped up days after going on the market may be over for now. We're just here to tell you about it.

1) What/Where: 4 bed/4.5 baths in Rancho Santa Margarita (above)
Pricechopped: Three times.
04/25/06 -- $1,149,900 to $1,119,900
05/16/06 -- $1,119,900 to $1,099,900
06/13/06 -- $1,099,900 to $1,075,000
Days on Market: 122
The Skinny: Sitting on the 2nd Fairway of Dove Canyon Golf Course, this house is quite lovely. A bath for every bedroom, and a bonus room. HOA pool, but the backyard is big enough to fit your own.
· 10 GOLF RIDGE DRIVE, Rancho Santa Margarita, CA 92679 [ZipRealty]


2) What/Where: Custom Spanish Style Home in Monterey Hills/El Sereno Area
Pricechopped: 4 times, plus an increase
04/17/06 -- $1,399,000 to $1,299,000
05/26/06 -- $1,299,000 to $1,249,999
06/01/06 -- $1,249,999 to $1,199,000
06/21/06 -- $1,199,000 to $1,149,000
06/23/06 -- $1,149,000 to $1,149,900
Days on the Market: 78
The Skinny: Only 78 days on the market and 5 pricechops, although we just noticed that the last pricechop is actually a $900 increase. Huh? This home is another 4 bed/ 4 bath Spanish style beauty with mountain views and only minutes from Downtown.
· 3836 N OAK HILL AV, Los Angeles, CA 90032 [ZipRealty]

3) What/Where: Mediterranean hillside home in Encino
Pricechopped: Once, but...
06/19/06 -- $6,000,000 to $5,999,995
Days on the Market: 35
The Skinny: That's quite a pricechop. A whole $5, heh? Featuring 7 beds and 9 baths, the home also features a refrigerated wine room, tennis and basketball court and indoor theater, seating 40.
· 16030 NORTH JEANNE LANE, Encino, CA 91436 [ZipRealty]