Pepto Dismal: UPDATE

Remember this pink panther slinking around the MLS?


The list price was "$345,000" and changed to "$325,000"

I guess I missed a price reduction earlier this month because the last time we checked in, this stinky pinky was asking a mind-blowing $365,000.

$40,000 more in imaginary equity down the drain. Wow, this short sale just keeps getting shorter!

Unfortunately, it's still incredibly overpriced. And, uh, hideous.

This short seller, if he doesn't get serious soon, is fucked with a capital F. As for some guidance to where you should be priced, let's check out the recently sold comps (seller, I strongly suggest taking a swig of Pepto, crunching a couple of Tums, and bracing yourself for this):

$190,000 1919 E Beverly Way #1 Sold on Apr 08, 2009
0 miles 2 bd / 2 ba 1,014 Sq. Ft.

$163,000 1919 E Beverly Way #2 Sold on Jun 29, 2009
0 miles 2 bd / 2 ba 1,014 Sq. Ft.

$235,000 1919 E Beverly Way #3 Sold on Jun 02, 2009
0 miles 2 bd / 2 ba 1,014 Sq. Ft.

Please note, those three are in the same building!

$190,000 1900 E Beverly Way #39 Sold on Jul 13, 2009
0.03 miles 2 bd / 2 ba 1,014 Sq. Ft.

$187,500 623 Walnut Ave #10 Sold on Jun 17, 2009
0.22 miles 2 bd / 2 ba 810 Sq. Ft.

$126,331 1506 E 4th St Unit 104 Sold on Jun 18, 2009
0.29 miles 2 bd / 2 ba 793 Sq. Ft.

$116,000 841 Gardenia Ave Apt 203 Sold on Jul 06, 2009
0.29 miles 2 bd / 2 ba 830 Sq. Ft.

$278,500 2033 E 3rd St Unit 1D Sold on Apr 22, 2009
0.33 miles 2 bd / 2 ba 953 Sq. Ft.

$191,250 2033 E 3rd St Unit 3A Sold on Aug 19, 2009
0.33 miles 2 bd / 2 ba 953 Sq. Ft.

Brutal.

But hey, the good news is you get enjoy that free rent while the bank pretends your house is for sale. Sweet!