To fulfill the entire frenzy experience, it’s good to review closed sales to see how crazy it can get.
Back on December 2, 2011, the bank’s opening bid at the trustee’s sale was $990,000 on this La Jolla house that had undergone a partial demo & rebuild (more demo than rebuild) – but no takers.
It goes into the bank’s REO inventory, and for some reason, a year goes by before they get around to selling it.
Last month they listed it for $924,900.
On Friday it closed for $1,120,000…..cash.
A video reminder:
That’s what speculation will do for you.
At least you get a decent view with this one.
To answer your previous questions, I’ve lived in Phoenix for eight years (around high school), and 46 in California.
My Dad sold building materials his whole life, but that’s as close as I got to the trades. I learned most of what I know about houses and construction by attending home inspections over the years.
oh cool.
I like the phx area. Gets toasty in the summer but nice in the winter. Everyone cant live on the coast. Made the drive from san diego out to az lots of times. Always wanted to stop at the golden acorn but never have.
Construction is hard work. Those guys often dont get the respect they deserve. I guess until you’ve done it you don’t understand the work involved.
People shouldn’t be selling homes who don’t have any clue about how their built imo.