Santa Clarita Real Estate

Overpriced Listings…where are they now?

There have been so many in recent months. When I see them hit the market I can only think of one thing for the seller. Sorry.
I really can’t understand why over the last couple of years the handwriting’s been on the wall…why are these sellers torturing themselves? These MLS numbers are the current listing MLS data, these two have been listed so many times combined they have about 8 separate MLS numbers. Both of these homes are located in Castaic, California.

• F1737497
  3 bedroom 2 bath
  1716 sq.ft.
  April 2006 originally listed at $630,000.00
  Four listing firms later and several hundred thousand in reductions, Original list: $630,000.00 - current list price:  $310,000.00 Now a short-sale.
  
• F1742208
  3 bedroom 2 bath 1690 sq. ft. 1 1/4 acre
  Original list: April 2006 $900,000
  -September 2006 $889,000.000
  -March 2007 $799,950
  -November 2007 $559,000
  2 different listing firms, 4 list price point’s Original list $900,000.00 - Current list price: $550,000.00 Now a short-sale.