The sale of 3004 Ortega in the Outer Sunset (real estate District 2-C) closed escrow yesterday (2/24/09) with a reported contract price of $604,000.
To recap: purchased for $550,000 in June of 2004; flipped eight and one-half months later for $680,000; sold for $750,000 in November of 2006; bought back by the bank this past September for $535,075; and listed for $589,900 last month.
UPDATE: We missed what appears to be an off the MLS sale in November of 2006 for $750,000 (since added to our recap above), but a plugged-in reader did not. And another offers some “sales stats for 2bd/1ba single-family homes in districts 2-B and 2-C“:
Jan-Feb 2007: Sold: 9 Range: 690K-825K Median: 749K
Jan-Feb 2008: Sold: 9 Range: 560K-750K Median: 630K
2009 (so far): Sold: 7 Range: 550K-622K Median: 598K
Damn those “fantastical” apples (and cheers).
∙ A Sign Of The Times And A Comp In 2005, So How About In 2009? [SocketSite]