Saturday, September 20, 2008

Encouraging.

A 2b/2b in Redwood Shores for $450k?

2010 HASTINGS SHORE Ln #314 Redwood Shores, CA 94065
Price: $449,000
Beds: 2
Baths: 2
Sq. Ft.: 988
$/Sq. Ft.: $454

Bought in 2006 for $600k. I can't seem to find any mortgage info, but that's a drop of 25% so I can't imagine this isn't a short sale (was anyone putting down 25% in 2006?). The listing is only 2 days old, so it could be a typo or an attempt to get a bunch of people bidding. We'll have to watch it, but i really find this encouraging. When was the last time a 2b/2b place in RWS was sold for anything close to $400k? With 20% down, a 6% mortgage will run you abuot $2k, plus HOA, taxes, etc... but still.

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