Highs and Lows 2010-Houses

It’s a tradition now…let’s tale a look at some fun and funky numbers from the 2010 market.

MOST EXPENSIVE HOUSE:

618 Portsmouth Nice 4 bedroom house on the water at Whalers. It sold for $1,400,000…a good price but it does indeed reflect price erosion from last year when the highest sale was $1,599,000

HIGHEST PRICE PER SQUARE FOOT:

It really was a different year, huh? This 1280 sq ft house on Bodega sold for $830,000…or $648.00 a square foot. The highest in town.

LOWEST PRICED HOUSE:

717 Widgeon was an unusual property. It was a bank owner foreclosure with a senior care facility existing there…the bank couldn’t move them out. They had a strong lease that actually had 2 more years left on it. Needless to say…it wasn’t easy to sell. It ended up selling for $720,000.

LOWEST PRICE PER SQUARE FOOT:

396 Sailfish This was a strange one too…the 3900 sq ft house was preposterously listed for $999,000 and sold for $1,396,000. Still…it was only $357.00 per square feet.

LONGEST ON THE MARKET:

491 Port Royal, a short sale, was active on the market for 265 days. At least this category is improving…last year it was 320.

GREATEST OVERBID:

Pretty tough to beat that Sailfish listing…$397,000 over asking!

GREATEST AMOUNT UNDER ORIGINAL LIST PRICE:

250_Trysail This house actually came down $235,000 from it’s original price. Hmmm…

Comments

  1. Interesting wild stats. I thought listing agents would set a listing price based on market value, apparently not.

  2. Janny Lee says:

    Hi Jim,

    Happy New Year! 340 Bodega Street which sold in July 2010 for $875,000, had the same square footage, 1280, as 300 Bodega Street. That would make it the highest price per square footage at $683.

    Janny

  3. Jim Minkey says:

    Good call Janny!! I Missed that house!

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