I hope it’s a technical mistake and I’ll find an error I’ve made.

I’ve heard September home sales were off the charts – off the bottom of the charts – as the “sub-prime meltdown” in August hit the September closings.

Any day now I’ll get the numbers from ASU so I can quantify the decline.

If it makes home sellers feel any better, phone and email inquiries have really picked up for me in the last week.

8324 N 82nd Pl

Well, this home has an interesting story.

It’s in Vista Del Lago but it’s not on the water. It has 4 bedrooms, 2.5 baths and 3,100 (tax records) or 3,300 (old MLS listing) square feet.

It hit the market on May 31, 2007 with a price of $1,325,000 in the MLS. That seller sure wasn’t shy.

The MLS listing is confusing, it refers to increasing the size to 3,300 feet. I don’t get it. Were they pricing it remodeled? Anyway, the home was completely original and needed a total makeover.

The price was reduced to $899,000 on June 26. The MLS listing was canceled entirely on July 24.

It next showed up in the county records as closing on September 21 for $745,000.

October 11, 2007 by Scottsdale Realtor John Wake
 
About The Author

Scottsdale Realtor John Wake

Born in Phoenix, a McCormick Ranch resident since 1997, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding the buyer for their current home.