Baldwin Park Real Estate - House Sales in September 2009

The house on Lake Baldwin was originally listed in August 2007 by the builder. Two months later the price was increased by over $100,000. Then in January of 2008, the price was lowered to below 1 million. Another decrease came in October 2008. It finally went under contract in April 2009, and the sale was completed in September 2009, registering a total 23% discount.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

The Upper Union property was another new-production house by the same builder as the Lake Baldwin house. I was privileged enough to tour this house while it was still under construction. Originally listed in June 2007, it was reduced to $2.6 million a year later, and finally purchased after nearly 2 years of being on the market. Any way you slice it, a 36% discount is substantial. In this case — as in all cases — the market dictated rather than the owner.

The house on Meeting was an REO/Bank-Owned offering. The very first owners purchased this new home in late 2005 for almost $1.4 million. A year later, they sold it for $1.6 million. Not quite 3 years later, it was taken over by the bank. Multiple offers garnered an extra $100,000 for a house that could now be had for a third less than its highest purchase price. At the end of the day, not a bad deal at all.