8 Major Real Estate Markdowns
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8 Major Real Estate Markdowns

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For many homeowners, the real estate market in the past year has been a nightmare. Foreclosures in the first quarter of 2009 jumped 23% from last year, and home values have plummeted nationwide.
But the battered housing market has been a blessing in disguise for home buyers, making eye-popping homes affordable to people who previously couldn’t afford them. Check out these eight homes marked down significantly from their previous sale prices.
By Louis Jones
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8 Major Real Estate Markdowns | Slide 2 of 9

HUNTINGTON, NEW YORK

Dan Bundy, Re/Max Center, www.danbundy.com

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Type of home: single-family
Current price: $289,900
Last sold for: $346,914
Bedrooms: 4
Bathrooms: 2.5
Square footage: 2,620

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8 Major Real Estate Markdowns | Slide 3 of 9

HALLANDALE, FLORIDA

Anthony Askowitz, Re/Max Advance Realty, www.askaskowitz.com

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Type of home: condo
Current price: $785,000
Last sold for: $1,002,800
Bedrooms: 3
Bathrooms: 3
Square footage: 2,078

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8 Major Real Estate Markdowns | Slide 4 of 9

LAKEMOOR, ILLINOIS

Dan Bundy, Re/Max Center, www.danbundy.com

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Type of home: single-family
Current price: $289,900
Last sold for: $346,914
Bedrooms: 4
Bathrooms: 2.5
Square footage: 2,620

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8 Major Real Estate Markdowns | Slide 5 of 9

LAKEVILLE, MINNESOTA

MN REO Properties, Inc., www.mnreo.com

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Type of home: single-family
Current price: $335,500
Last sold for: $473,989
Bedrooms: 4
Bathrooms: 3.5
Square footage: 3,311

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8 Major Real Estate Markdowns | Slide 6 of 9

SAINT LOUIS, MISSOURI

Kathy Bresnahan, Sandy Bender Real Estate, www.sandybender.com

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Type of home: condo
Current price: $180,000
Last sold for: $80,000
Bedrooms: 2
Bathrooms: 1
Square footage: 719


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8 Major Real Estate Markdowns | Slide 7 of 9

CHANDLER, ARIZONA

Beth Jo Zeitzer, ROI Properties, www.roipropertiesaz.com

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Type of home: single-family
Current price: $699,900
Last sold for: $1,900,000
Bedrooms: 6
Bathrooms: 5.5
Square footage: 6,751


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8 Major Real Estate Markdowns | Slide 8 of 9

HENDERSON, NEVADA

Robert Little, Re/Max, www.totalvegasrealestate.com

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Type of home: single-family
Current price: $209,000
Last sold for: $439,655
Bedrooms: 2
Bathrooms: 2
Square footage: 1,360


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8 Major Real Estate Markdowns | Slide 9 of 9

FAIRFIELD, CALIFORNIA

Karin Carr, Re/Max Gold Elite, www.solanobankownedhomes.com

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Type of home: single-family
Current price: $654,900
Last sold for: $1,071,200
Bedrooms: 3
Bathrooms: 2.5
Square footage: 3,499


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