Listed for $669,000 in October 2004, the single-family Miraloma Park home at 46 Los Palmos sold for $720,000 that December ($571 per square foot). Back on the market as of today and asking $699,000 ($555 per square), unfortunately the sale pair won’t be perfectly apples-to-apples as the kitchen was recently remodeled.
And for those who like medians, the median price per square foot for single-family homes in the area is currently running $565 in 2010 versus $567 in 2004 and $684 in 2007. At the same time the median sale price is currently running $915,000 in 2010 versus $820,000 in 2004 and $1,031,000 in 2007.
Yes, that means the median sized Miraloma sale is up 16 percent from 2004 which some might call a change in mix while others might (mis)call it “prices are up 12 percent!
∙ Listing: 46 Los Palmos Drive (3/1.5) 1,260 sqft – $699,000 [MLS]
Medians Are Up, But Don’t Confuse That With Increasing “Prices” [SocketSite]

Comments from Plugged-In Readers

  1. Posted by The Milkshake of Despair

    I love photo 5/12 and hereby give it the title “Oak With Flashback”. And the real fire in 3/12 is a nice touch : “Includes a fireplace that really does work !”
    In truth I do appreciate that the listing agent took some amateur snaps here rather than jacking the price with a professional obfuscator photographer.

  2. Posted by EBGuy

    MOD, I’ll tell you what gets me excited; iOS 4.1 includes a high dynamic range (HDR) setting on iPhone 4, which automatically combines multiple exposures into a single HDR image. Who needs Photoshop any more (well, at least an alternative for sub million dollar homes & REOs).

  3. Posted by Gil

    This sounds about right. Home prices in Miraloma are generally down 5% or less from their 2006 peak.
    [Editor’s Note: Keep in mind that the Miraloma median price per square foot appears to have peaked in 2007 and so far has fallen 17 percent since then (versus an 11 percent drop in median “price”).]

  4. A couple of Miraloma “short sale” apples to be –
    The second is claiming to be “approved short sale” at 12% below its 2005 sale price.
    [Editor’s Note: 99 Marietta Comes Up Short (For The Sellers) In Miraloma.]

  5. Posted by Marcie

    What’s going on with the windows? Were the pictures taken at night?

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