Growing roots, days on market

I searched Ziprealty to see what the longest "days on market" was that they had listed for Riverside.

11365 LAKEPORT DR, Riverside, CA 92505 is a 5 bed/4 bath 4252 sq/ft home. Built in 2001, this home is in the Riverwalk area of Riverside. It's not the best area but it is the western most part of the city of Riverside. It look like our greedy seller paid $417,500 for this behemouth. The he added a pool and a little paint. In March of 2006 he listed the home for ....drumroll please.... $960K! He has been slowly reducing the price ever since, all 570 days since. He's only down to $865k though. The amazing thing about this home (other than the asking price) is the color of the bathrooms. BARNEY PURPLE bathrooms, that's got to be hard to take after a long night of drinking. You'd think after a year and a half they would at least paint the purple bathrooms.

Really, they are PURPLE, I'm not making this up.

18314 LAKEPOINTE, Riverside, CA 92503 this is a new home, never lived in up in the Lake Hills area. It's a nice area but this home is at the very top of the hill. I can only imagine how many sets of brakes you would go through every year living up that hill (transmissions too). This is another big home, 5 bed/4.5 bath and 4895 sq/ft. It was built in 2006. I can't find the original selling price or tax info but these homes were not cheap. It was put on the market in April of 2006 for $1.095 million, total DOM 525 days. It's seen 3 price reductions but it's still only down to $925k. That's a lot of money for a home with a dirt back yard.

I found about 100 homes that had been on the market for a year or more. These two are by no means unique. In fact they are probably going to become the norm, unless prices come back to reality.