Open House: Reseda

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We snuck out to five Open Houses in Reseda today. Headline: Thin traffic. In those five homes, we saw exactly one possible buyer. Houses, notes, and local flavor:

6900 Jamieson Avenue (pictured). 3-bed, 2-bath, 1,785 SF, remodeled, reduced; was $550,000, now $525,000.

6921 Lindley Avenue. ‘You Better Act Fast,’ reads the flyer for this scruffy (no grass, Bud Light can in the back yard) bank foreclosure. 3 bed, 1 bath plus a 1 bed/1 bath ‘guest unit.’ Was $457,900, reduced to $379,900. Suggested financing in hand-out: 35-year fixed, 100%, (interest only) under CAlHFA first-time homebuyer program, works out to $2057/month.

6856 Zelzah Avenue. 3-bedroom, 1 bath, 1,017 SF, flyer reads, ‘Price negotiable just reduced from $585,000 to $500,000.’ We thought that was a big price cut for 2 1/2 months on the market, so we asked the agent sitting house, ‘Why the big reduction?’ His four-word response: ‘Foreclosure on the corner.’

18101 Gault Street. This one will be a short sale if and when it happens. Listing reads, ‘Reduced again! Seller wants to see all offers.’ 4-bedroom, 2 bath, 1,712 SF on a busy street; Reduced from $470,000 to $420,000. Was in escrow, in a previous short sale, but fell out of escrow while the lender (Countrywide) considered whether to accept the short sale offer.

6920 Garden Grove Avenue. 4-bedroom, 2-bath, 1,756 SF, tidy, well-kept, carpeted, nice lawn. On the market for a month, listed at $519,000, but the agent says, ‘They have a little room.’

Comments? Thoughts? Insights?