Monday, November 17, 2008
The WTF award of the week
Most agents have long ago come to the realization that Perris has tanked. It's pretty rare these days to come across a listing in Perris over $300K, hell most should be under $200k. I'm fairly sure the median of Perris is now under $200k. So it was a surprise to run across this listing today.
922 Hereford Way, Perris. This home is over in/near the Villages of Avalon, below the dam at Lake Perris. This is a large ranch style home that's just over 3000 sq/ft on a 1/2 acre lot. It has 3 bedrooms and 2.5 baths. This home sold in Oct 2006 for $635K!! Yes, you read that right $635K in freakin Perris. It looks like the bank too it back in July for $345k. It's now listed for $399K or $133 a sq/ft. That is an insane price for the area. The average listing in that area is about $80 s/f with many down in the $60s. It might be worth a little more because of the large lot but WTF is the listing agent thinking pricing this turd at $400k.
Now check out the picture. You'd think the agent could have cropped the picture in order to not show the Graffitti on the garage door. Is the other door missing? Probably the listing does say it's a fixer. A $400k fixer in Perris..........