Double bubble trouble in Pomona: recent history of a house


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They say a picture is worth a thousand words, but in the case of foreclosed houses, I say the recent price history is far more valuable, word-wise. Pictured at right is the home at 653 E. 7th St., in Pomona. The Redfin listing is here, and this is the recent price history:

Aug. 1989: $87,500
Nov. 1990: $106,000
Sept. 1995: $114,000
March 1996: $44,000
June 1996: $82,000
Dec. 1999: $95,000
Feb. 2008: $308,700

Currently in foreclosure and listed for $238,900.


Here’s the agent’s description:

’ ‘BANK OWNED PROPERTY - JUST REDUCED’ Roll up your sleeves and get ready to create a gem! Contractors/Investors/First Time Buyers- This 3 Bedroom 2 Bath Traditional is centrally located near Downtown Pomona. This home is more spacious than the square footage suggests! Spacious Back Yard has many possibilities! With a little vision this home can be truly a gem! Make An Offer !’

-- Peter Viles
Your thoughts? Your interpretation of the price history and what explains the various numbers? E-mail story tips to Peter Viles.