And so it begins...

I am suspecting that a lot of the overpriced listings I tracked last year are going to pop back up as foreclosed homes. Listings like this one that I blogged about last year (it was originally listed at $815k! HA! Click link for details).

3909 LONGVIEW VALLEY ROAD, Sherman Oaks, CA 91423
MLS # B2103672


Beds: 3
Baths: 1
Sq. Ft.: 1,256
Lot Size: 6,307 Sq. Ft.
$/Sq.Ft.: $490
List Date: 07/22/08
Sale History:
05/30/2008: $625,523
10/25/2005: $740,000
05/21/1986: $182,000

Price Reduced: 08/26/08 -- $669,900 to $646,905
Price Reduced: 09/25/08 -- $646,905 to $615,559

I'm thinking this would sell at $550k. You?