Malibu home just got $1 million cheaper
The price just got cheaper for an under-construction 6,000-square-foot Malibu manse with sweeping ocean views. The spec house -- partially framed with steel beams -- came on the market last month at $3.95 million and, in the words of Malibu Prudential agent and blogger Mike Gardner, who brought the matter to our attention, "just got a whopper of a price slash" to $2.9 million. The MLS description goes even further, saying the seller "will consider all serious offers." The property, Gardner says, is in a neighborhood of homes valued at $5 million to $7 million.
Still too rich for your blood? Then you might want to skip the $27.5-million Point Dume property Gardner also blogs about.
--Ann Brenoff
Thoughts? Comments?
Asking prices mean nothing. All this means is this home was at least $1 million overpriced to begin with.
I just discounted the price of this banana on my desk a whopping $1000 to $5. But still no takers even with this incredible discount!
Posted by: Tim K. | December 23, 2008 at 02:12 PM
This, of course, brings us to my annual top ten movies of the year:
No. 10: Honey, I Shrunk The Economy!
No. 9: Buy A Bubble, Get A Depression Free!
No. 8: It's A Madov, Madov, Madov, Madov World.
No. 7: Creatures From Wall Street Lagoon.
No. 6: Night Of The Zombie Banks.
No. 5: Just Say No: How To Avoid Getting SIV
No 4: Mission Accomplished: We're All Subprime Now! (Also best Michael-Moore styled documentary.)
No. 3: Robbing Hood: Bald Men In Tights Who Steal From The Poor Taxpayers To Give To Rich Bankers. (Also best musical of the year.)
No 2: Deep-Croaked: How I Swallow The CDS Poison Whole.
No 1 (for two years running): A Westside Homeseller On The Verge Of A Nervous Breakdown. (Apparently, the director had his money invested with Madov).
Posted by: MyLessThanPrimeBeef | December 23, 2008 at 06:16 PM
25% in 1 month. I wonder what this will do to the high end listing price stats?
Posted by: Pat | December 24, 2008 at 10:29 AM