It's Coming Home to Milpitas

The number of "reduced" listings on CL has been climbing over the last few weeks in the middle of the supposedly "Spring Bounce". Unlike those in the earlier these months, I start to notice some newer homes in Milpitas fall into this search criteria.

Here were two that caught my eyes today:
#1 434 Moretti Ln, Milpitas, CA 95035 3 beds, 3.0 baths, 1,550 sq ft
For sale on CL: $718,888 (LOL! I wonder which ethnic group this price is targeted to)
Zestimate: $750K.

Sale History
11/18/2004:	$615,000

So it still shows a couple of percentage gain after commission over but is far less than the common mythical double digit gain of south bay.