East of US1, suck on it Weston

1515 Middle River Dr Fort Lauderdale, FL 33304 MLS ID# F867232

● 5 Bed, 5 Bath
● 3,250 Sq. Ft.
● 0.41 Acres
● On the MLS at $999,000
● Purchased on 5/6/2005 $1,268,000
● For a loss of $269,000 or about 21.2%

Um, Weston... People are selling nicer places along the shore for this price why the GAS would I pay you such? Oh yeah, swamp fumes killed your brain.

1397 Victoria Isle Wy Weston, FL 33327 MLS ID# F899096

● 5 Bed, 3.5 Bath
● 5,153 Sq. Ft.
● 0.41 Acres
● On the MLS at $949,000
● Purchased on 12/20/2005 $1,140,000
● For a loss of $191000 or about 16.7%




2499 Princeton Ct Weston, FL 33327 MLS ID# F898730

● 6 Bed, 4.5 Bath
● 3,978 Sq. Ft
● 0.33 Acres
● On the MLS at $996,000
● Purchased on 9/16/2005 WD $1,170,000
● For a loss of $174,000 or about 14.8%

Bank losing money, move along.

732 NE 7Th Av Unit: 732 Fort Lauderdale, FL 33304 MLS ID# F908296

● Property Owner M & T BANK
● 4 Bed, 3.5 Bath
● 2,429 Sq. Ft.
● Year Built: 2005
● On the MLS at $385,000
● Purchased on 11/22/2006 $655,000
● For a loss of $270,000 or about 41.2%

Downtown condos have downturn, could be worse could be houses

410 NW 1 Avenue Unit: 302 Fort Lauderdale, FL 33301 MLS ID# F886939

● 2 Bed, 2 Bath
● 1,600 Sq. Ft.
● Year Built: 2007
● On the MLS at $449,000
● Purchased on 11/13/2007 $574,900
● For a loss of $125,900 or about 21.8%



434 NW 1St Av Unit: 201 Fort Lauderdale, FL 33301 MLS ID# F881715

● 2 Bed, 2 Bath
● Year Built: 2006
● On the MLS at $399,000
● Purchased on 10/25/2006 $499,900
● For a loss of $100,900 or about 20.1%

Oh man what is it with this building? This building should have a blog all its own.

511 SE 5Th Av Unit: 2202 Fort Lauderdale, FL 33301 MLS ID# F937809

● New this week!
● 2 Bed, 2 Bath
● 1,248 Sq. Ft.
● On the MLS at $389,000
● Purchased on 3/30/2006 $541,000
● For a loss of $152,000 or about 28%

Michael in the comments shows my blog is poorly researched

Ouch, I'm just looking at the simple stuff, seems things are even worse if you dig a little like:

Michael said...
Here is another good one.


115 ISLAND COVE WAY Ballenisles Palm Beach Gardens, FL 33418

Purchased for $985,000
with a first mortgage of $788,000 and a second for $197,000 or 100% Loan to Value or nothing down.
It was then refinanced in Nov 06 with a first of $932,000 and a second $233,000 total loan $1,165,000.

Current asking price $699,000 or a loss for the bank of $466,000 assuming they actually can sell at this price.

When Condo's attack! Short sale, or buy my place NOW or buy it from the bank later for less!!!!1!

1033 NE 17Th Wy Unit: 704 Fort Lauderdale, FL 33309 MLS ID# D1283353

● New this week!
● 3 Bed, 3 Bath
● 2,571 Sq. Ft.
● On the MLS at $499,000
● Purchased on 10/26/2007 $710,000
● For a loss of $211,000 or about 29.7%

Oh to be a millionaire home owner, now at discount!

9541 Eden Mnr Parkland, FL 33076 MLS ID# F905208

● 3 Bed, 2.5 Bath
● 2,984 Sq. Ft
● 0.39 Acres
● On the MLS at $788,000
● Purchased on 6/14/2007 $1,050,000
● For a loss of $262,000 or about 24.9%


9534 Exbury Ct Parkland, FL 33076 MLS ID# F912795

● 5 Bed, 4 Bath
● 3,444 Sq. Ft.
● 0.16 Acres
● On the MLS at $750,000
● Purchased on 1/19/2007 $1,084,800
● For a loss of $334,800 or about 30.8%

Parkland isn't just western sprawl it's prestigious sprawl! Stop laughing West Boca!!

6300 NW 58Th Wy Parkland, FL 33067 MLS ID# F930054

● 3 Bed, 2.5 Bath
● 2,404 Sq. Ft.
● 0.17 Acres
● On the MLS at $349,000
● Purchased on 11/17/2006 $605,000
● For a loss of $256,000 or about 42.3%

History, lest we forget! Oh bubble, you certainly had your way with this house!

11/17/2006 $605,000
07/22/2004 $295,000
11/18/1997 $177,000
06/01/1989 $186,700

Almost 50% percent off its bubble, yawn... The carnage rages on.

6222 Northwest 50Th St Coral Springs, FL 33067 MLS ID# H844103

● New this week!
● 3 Bed, 2 Bath
● 2,094 Sq. Ft.
● 0.18 Acres
● On the MLS at $237,000
● Purchased on 1/26/2007 $465,000
● For a loss of $228,000 or about 49%

Sales History:
1/26/2007 $465,000
9/25/2006 $389,000
11/8/2002 $245,000
2/24/1997 $154,500

Little house with not so little losses, was the last sale the foreclosure? Beats me!

5838 Eagle Cay Ln Coconut Creek, FL 33073 MLS ID# H848193

● New this week!
● Property Owner LASALLE BANK NATL ASSN TRSTEE
● 3 Bed, 2 Bath
● 1,473 Sq. Ft.
● 0.07 Acres
● On the MLS at $209,900

Sales History:
05/12/2008 $294,300
05/31/2005 $315,000
10/12/2001 $152,000
11/26/1996 $112,500

Sales history is classic of the bubble! If we assume a value growth rate of 5% per year since it was built (just to speculate) the value of the home would be about $180,000 not adjusted for inflation. Of course 5% growth is just guess work given how undesireable living out in western sprawl with nearly zero public transport (busses that come a few times an hour would be all) and little to nothing walkable the growth might be nothing or even negative with every dollar fuel prices rise.