patrick.net

My redfin FAVORITES have selling like hotcakes over the past 2 months... Dec.-Jan I keep getting notices that my favorite homes in the $400K-600K price range are being sold.  I know a lot of these homes have been on the market for 6-12 months... But I'm curious to see so much action without price cuts.  In fact, some are selling for more than asking... One was listed for $575K in July 2009... Sold last week for $625K.  (Down from it's peak sale price of $797K in 2006).

http://www.redfin.com/CA/Woodland-Hills/5550-Pattilar-Ave-91367/home/3271833

I'm also seeing a lot of these homes selling.. Then going RIGHT BACK on the market. This home in particular sold on Jan. 4th for $285K.. (after languishing on redfin for over a year).  And that same day went back on the sale for $399K?!

http://www.redfin.com/CA/Woodland-Hills/5616-Fallbrook-Ave-91367/home/3225448

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