How long do you think it would take a "super motivated seller" to sell?? A week? Maybe a month? Nope keep guessing, because you're never going get this one.
433 DAYS AND COUNTING!
here's the first line of the listing:
"NOT a repo and NOT a short sale. .. .. .. just a super motivated seller! This Crystal Ridge single story is model-like in every way!"
14305 Crystal View is a nice single story home over in Crystal Ridge Estates in Riverside. The home is 3215 sq/ft and has 3 bedrooms and 3.5 baths. It sits on a hill, on a large lot, although much of that lot is not usable. The house looks nice and the price is getting close to where they may have a chance of snagging a buyer. But this is a perfect example of how NOT to sell a house. It's been on the market for well over a year. In fact I'm sure this was on the market even before that. I'm sure I looked at this house 2 years ago or more. In any case the listing price has always been "just a little too high". It's a classic example of chasing the market down. Actually they didn't have a hope until Sept, when they got the price below $600k. Before that the price was probably $150k to $200k too high. I looked at 2 REO properties listing in the around $500k back when this guy was listed at $800k.
You have to give the realtor some points on the listing. There are great pictures and listing is even well written. She did everything right except the most important. She priced it too high in a declining market. Of course the price is probably the result of a delusional seller much more so than a delusional realtor.
Check out the price movement. At $550k this has a chance of selling now. Not a great chance, especially as stale as this listing is but at least it's not miles higher than the nearby listings any more.
|Jan 06, 2009||Price Changed||$550,000||--||MRMLS #I07163035|
|Nov 04, 2008||Price Changed||$599,900||--||MRMLS #I07163035|
|Sep 09, 2008||Price Changed||$650,000||--||MRMLS #I07163035|
|Jun 06, 2008||Off Redfin||*||--||Inactive SoCalMLS #1|
|Jun 03, 2008||Price Changed||$740,000||--||MRMLS #I07163035|
|May 30, 2008||Price Changed||$699,900||--||MRMLS #I07163035|
|Apr 12, 2008||Price Changed||$789,000||--||MRMLS #I07163035|
|Mar 07, 2008||Listed||*||--||Inactive SoCalMLS #1|
|Feb 09, 2008||Price Changed||$849,900||--||MRMLS #I07163035|
|Nov 26, 2007||Price Changed||$899,000||--||MRMLS #I07163035|
|Nov 09, 2007||Listed||$920,000||--||MRMLS #I07163035|
|Mar 31, 2004||Sold||$621,000||376.3%/yr||Public Records|
|Feb 13, 2004||Sold||$508,000||--||Public Records|