As Seth mentions below, the property opened escrow so the Bank must have accepted an offer. The price mentioned in Trulia was further reduced to $ 325,900. The original listing price was $ 389,900. The property was off the market in December 15, 2008; more than a month ago. The listing also mentions that the home was Bank owned and that it was completely redone with new paint, new kitchen appliances, new doors, new baseboards.
As both agents mentioned below, prices are always negotiable; especially in this kind of a market. Bank owned properties, when they reach a price were Buyers are comfortable with, many times they get bids above the asking price because of competition with other Buyers. With Bank owned properties, you have to move fast.
In my site http://www.besthomesinlajolla.com,
you can look for properties anywhere in San Diego, check the prices, see pictures and if you find something that you are interested in seeing, you can give us a call and we will be happy to show it to you.