Bloody Bloody Stockton House Market

pediatrician2 showed an example of price slashed 34.80% to the original listing.
本周末準備去STOCKTON訪問一下。好像很慘的。

It's easy to found more similar deals:
＝＝＝　ｚｉｌｌｏｗ　RECORD ===
Sale History
Sale History & Tax Info Sale History
11/02/2006: $468,991
No other sale data is available
Tax Information
Tax Assessment History 2005 2006
Total property tax paid: $3,099 $3,247
Assessed value bldgs: $149,581 $152,572
Assessed value land: + $33,740 + $34,415
Total assessed value: = $183,321 = $186,987


＝＝＝＝＝＝＝＝＝
Price Reduced: 03/08/07 -- $494,900 to $449,900
Price Reduced: 04/06/07 -- $449,900 to $429,900
Price Reduced: 05/03/07 -- $429,900 to $404,900
Price Reduced: 06/12/07 -- $404,900 to $384,900
Price Reduced: 07/11/07 -- $384,900 to $364,900
Price Reduced: 08/04/07 -- $364,900 to $344,900
Price Reduced: 08/25/07 -- $344,900 to $324,900

From ZipRealty

34.35% lower.


If you look at the curve of 'Market Value Change', Stockton (likely whole central valley) house prices increase drasticlly from Jan 2005 (~300k), topped at spring 2006 (~520k) and this price now listed is about the level at mid-2005. You probably can get it 300k, but will it bottomed to 200k?