…this whole thread is about REO as indicator. Is it not? Socketsite said it “just might speak” to that. Baloney. It is an REO. REO as trend? LOL.
Having been purchased from the developer for $880,000 in December 2006, 41 Federal #42 had become bank-owned in September 2007 and sold for $700,000 the following May.
Purchased for $1,150,000 in October 2006, two months before the first sale of #42, 41 Federal #21 has just returned to the market listed for $1,149,000.
∙ Listing: 41 Federal #21 (2/2) 1,365 sqft – $1,149,000 [Redfin]
∙ Going Once, Going Twice…Going Five Times At Shore|Line: 41 Federal [SocketSite]
∙ San Francisco Bucks CA Foreclosure Trends, But Not In A Good Way [SocketSite]