100,000+
26731 RABIDA CIRCLE, Mission Viejo, CA 92691
Last Sale: 04/21/06 
Sales Price: $690,000 
List Price: $599,000
Bedrooms: 3 
Full Baths: 2 
Partial Baths: 0 
Square Feet: 1,746 
Lot Size: 6,432 Sq. Ft. 
Year Built: 1971 
Listing Date: 09/19/07 
On Market: 2 days 
Type: SFR 
Status: ACTIVE 
MLS #: S506133

I found this by accident:

Price: $469,000

 
     
        03/23/2006
        $635,000    
       
                                                        16.9%/yr                                
       
     
     
        07/14/2005
        $570,000    
       
                                                        22.0%/yr                                
       
     
     
        07/26/2002
        $316,000    
       
                                                        11.4%/yr                                
       
     
 

            Redfin Savings: $9,380   
            12745 DORAL          
                            Tustin, CA 92782                  

 
     
        Beds:
        2
     
     
        Baths:
            2.5
     
     
        Sq. Ft.:
                1,436    
     
     
        $/Sq. Ft.:
        $327
     
     
        Lot Size:
                    1,500                 sq. ft.                 
     
     
        Type:
        Condominium
     
     
        Style:
        Contemporary
     
     
        Year Built:
        1992
     
     
        Stories:
        Two Levels
     
     
        Area:
        Tustin Ranch
     
     
        County:
                                                                                Orange                                        
     
     
        MLS#:
        P588745
     
     
        Status:
        Active
     
     
        On Redfin:
                              71 days            
     
 

CONDO HAS BEEN UPGRADED WITH TILE THROUGHTOUT THE 1ST FLOOR. SPACIOUS BEDROOMS EACH WITH ITS OWN BATHROOM. FIREPLACE IN THE LIVING ROOM. INDOOR LAUNDRY ROOM. GATED COMMUNITY LOCATED IN THE EXCLUSIVE AREA OF TUSTIN RANCH. A MUST SEE!!! CONDO DOES NEED SOME PAINT. GREAT BUY

$166,000 off, Wow!

And yet the asking price reflects >8% appreciation every year since the ‘02 sale.  Cheap in comparison to the rest of today’s market, but not yet a bargain from a historical perspective. 

Has anyone seen the sale offered by Shea Homes?  There are some developments in Riverside and San Bernardino counties that have new homes at almost a 30% discount.  Unfortunately the ones in Orange County are only slightly discounted.

I did a $147k Talega loss recently at my blog (www.southoctracker.com). These types of things are getting more and more common.
Here’s the direct link to the post: http://www.southoctracker.com/2007/09/turning-back-clock-in-talega.html

This is very interesting.
Chino Hills - From what I can tell these two homes are EXACTLY the same down to  the sqft.  The only difference is they are inverted floorplans.  In the same Tract. The other difference is one with the upgrades including the bathrooms.  Geez I like the duel sinks they have in the lower priced model. 
So 349K gets you the nicer place with the duel sinks I like  http://www.redfin.com/stingray/do/printable-listing?listing-id=1132672
Or you can buy this one that didn’t spend the money on upgrades for 558k http://redfin.com/stingray/do/printable-listing?listing-id=1129275
Both went on the market less then 2 weeks ago.  The 349k one is clearly nicer inside and out.  Bet the neighbors are hating him.
 

well, the lot is an extra 600 sq ft

I didn’t see the extra lot size well then I change my mind that is worth another 210k.  I can always spend another 50k to upgrade the more expensive one inside to look as nice as the cheaper one but I can’t add the extra 600 sqft to the lot. 

I bet you the price on 16010 BAINBRIDGE WAY #1 is a typo. $159/sf. Even if it is Chino.

It is listed by PAX which is an auction company. Which means that is the minimum bid price. There was one in Terra Bella in Irvine mentioned here that didn’t go so well.

I hope you were being sarcastic about the extra cost for the extra 600 sq ft. 

lm-
Yes I was.  sar chasm is the distance between a person being sarcastic and the person not knowing they are being sarcastic.
 

graph, 
Were people overbidding or just not meeting the opening bid? 
If this sold at the opening bid then it would still be a pretty good deal.

D.R. Horton basically gave up on a whole community:  53 homes on the auction block near S.D.
www.cnbc.com/id/20995195

New homes at auction?  Wow!  This is getting ugly.

My home state, Connecticut.   I think this house is older than California !      Check out the bid/ask.
Connecticut CT Real Estate: Prudential Connecticut Realty
And yes….this IS where Lyme disease was first discovered.  Hence, the name.

I didn’t know that’s where Lyme Disease got its name.  Learn something new every day  - especially from this blog.

List Price: $626,900
23 NOPALITOS WAY, Aliso Viejo, CA 92656
Last Sale: 09/13/06 
Last Sales Price: $740,000
Bedrooms: 4 
Full Baths: 2 
Partial Baths: 1 
Square Feet: 1,927 
Lot Size: N/A 
Year Built: 1999 
Listing Date: 09/26/07 
On Market: 1 day 
Type: SFR 
Status: ACTIVE 
MLS #: S506992

Another $200,000+ loser. All I can say what a difference a couple of years make.
24022 FRIGATE DRIVE, Laguna Niguel, CA 92677
List Price: $689,900
Last Sale: 07/26/05 
Last Sales Price: $865,000 
Bedrooms: 3 
Full Baths: 2 
Partial Baths: 1 
Square Feet: 1,966 
Lot Size: 5,300 Sq. Ft. 
Year Built: 1989 
Listing Date: 09/27/07 
On Market: 1 day 
Type: SFR 
Status: ACTIVE 
MLS #: S507113 

Wow - that’s a big loss.

Too bad we don’t have the entire sale history of that one. Notice the build date was 89? That’s the equivolent to 2004. South County took a brutal beating in the last downturn.

Next door is asking  $1,175,000. Same side of the street. Not worth 500,000 more.
23992 Frigate DR  LAGUNA NIGUEL, CA 92677
Beds: 4
Baths: 2.5 
Sq. Ft.: 2,302 
$/Sq. Ft.: $510
Year Built: 1988
Stories: Two Levels
View(s): Coastline, Ocean, Panoramic, Water
Area: Laguna Niguel South, South of Crown Valley, West of Niguel
County: Orange 
MLS#: S483711
Status: Active
On Redfin: 168 days 

I will update this thread with homes that lost 100,000 or more.

2 ARABIS COURT #86, Mission Viejo, CA 92694
Last Sale: 05/02/06 
Last Sales Price: $500,000 
List Price: $421,900
Bedrooms: 2 
Full Baths: 2 
Partial Baths: 1 
Square Feet: 1,316 
Lot Size: N/A 
Year Built: 2003 
Listing Date: 09/28/07 
On Market: 1 day 
Type: CONDO/TH 
Status: ACTIVE 
MLS #: S507340 

MLS # S487525
6 Brentwood, Coto de Caza
5 Bedrm, 5 Baths, 3-car garage, 4,000 sq ft
Purchased 9/12/05: $1,425,000
SOLD 9/29/07 $1,200,000
LOSS assuming 5% re commission:  $285k or 20%

@ trrenter:
About the place in Chino Hills listed at 349k.  It is an auction listing.  I too was curious and called and asked.  I have family that lives right across from that street.  From what I remember hearing, you have to register to be able to bid and there is also some 10% commission that also must be paid.  Homes in that area do go for around 500k with no big upgrades.  I assume this will get bid up to that range.
Amazing… my family bought a brand new house about 6 years ago for 370k.  It was even bigger than the one on auction.  I hope prices fall to somewhere around that range.