Clairemont under 300k! | Piggington's Econo-Almanac | San Diego Housing Bubble News and Analysis


	San Diego Housing Bubble News and Analysis

	~Navigation~ Home Commentary Housing market Credit market VoiceofSanDiego.org Bubble primer FAQ User forums ~Current reading list~ ~User login~ Username: * Password: * Create new account Request new password ~RSS~ piggington.com articles		Clairemont under 300k! User Forum Topic Submitted by jpinpb on May 3, 2008 - 5:37pm Okay. Clairemont is not PB, LJ, Carmel Valley or 4S, but I think of it as the median for San Diego. For spring, I am surprised to see this reduction in price: No photos. Haven't been by yet. Surely not in good shape, admitting a fixer: http://www.sdlookup.com/MLS-086032645-30... Bank owned MLS# 086032645 Listed: 05/02/2008 Price: $269,900 Beds/Baths: 2 / 2 Square Feet: 900 sf PPSF: $300 Lot Size: 5,900 sf This other one is funny. We've been watching it: http://www.sdlookup.com/MLS-081024047-28... Listed: 03/22/2008 Beds/Baths: 3 / 1 Square Feet: 925 sf Lot Size: 5,600 sf Price History: Price Reduced: 03/05/2008 from $530,000-$559,000 to $499,000 Price Reduced: 02/16/2008 from $550,000-$579,000 to $530,000-$559,000 Price Reduced: 12/14/2007 from $580,000 to $579,000 Price Increased: 11/29/2007 from $480,000 to $580,000 Sales History Date Price Held Return Annual 08/30/2006 $455,000 n/a - - ‹ Scripps Ranch and CV Nice find in the Inland Empire › Login or register to post comments Printer-friendly version Another interesting one is Submitted by jpinpb on May 3, 2008 - 6:03pm. Another interesting one is this. Hard to imagine, looking back, how really crazy it was, but back in October 2005, someone actually paid 705k for this: http://www.sdlookup.com/MLS-086011534-34... MLS# 086011534 Listed: 02/11/2008 3476 Idlewild Way Status: Sale Pending Price: $475,000 Beds/Baths: 6 / 3 Square Feet: 2,088 sf PPSF: $227 Lot Size: 6,000 sf If it's spring, the shopping season, and we're seeing these drops, what will it be like year-end when we have more inventory and people aren't shopping? This is impressive for SFH. Login or register to post comments I like that area. Sure the Submitted by PadreBrian on May 3, 2008 - 7:20pm. I like that area. Sure the arteries are 1950's standards, but good views on the right lots and centrally located. This is a working class area. The prices should reflect that. NOT 750k for a fracking 1950 post war tract shoebox. Login or register to post comments IMO much of SD is like that. Submitted by nostradamus on May 3, 2008 - 8:04pm. IMO much of SD is like that. You can either buy new houses packed tightly together on tiny lots like sardines or you can buy old, manufactured-looking houses on larger lots but which need lots and lots of updating. That is, IF you can afford to buy! We need a home design renaissance. Login or register to post comments A poster was tracking this Submitted by jpinpb on May 4, 2008 - 8:18am. A poster was tracking this particular condo conversion in Clairemont which is now 50% off: was this: http://www.sdlookup.com/MLS-076054614-66... now this: http://www.sdlookup.com/MLS-086031475-66... Are condos really a sign of what's to come? Login or register to post comments Are condos really a sign of Submitted by Rustico on May 4, 2008 - 8:44am. Are condos really a sign of what's to come? Are Encanto or El Cajon detached houses a sign of things to come? I just see Clairemont as so much more desirable than those places . If it continues to fall I would get very interested. Given my bargain hunting sweat equity mentality(that I think is shared by a few posters on this thread),I think it would be a good idea to be more concerned with the lot than the house in Clairemont. When and if this area become more important, which certainly seems should occur, the bigger/better lot is going to be a big plus for rebuilding or expanding the house, or for appreciation based on this potential. Login or register to post comments Rustico - I agree on lot Submitted by jpinpb on May 4, 2008 - 9:17am. Rustico - I agree on lot size for sure. Way more potential to build up and out. I don't watch condos there, but somebody posted it and it caught my eye b/c I always thought condos are the first to go and then houses follow, though I did post those houses to indicate what's happening, in the spring, no less. Login or register to post comments Latest hit in Clairemont. Submitted by jpinpb on May 8, 2008 - 10:39am. Latest hit in Clairemont. Only 24% off peak BUT 168 ppsf. A short sale that actually went through. http://www.sdlookup.com/MLS-084023996-27... http://www.sdlookup.com/Property-59F43BD... Login or register to post comments One rule of thumb in Submitted by sdduuuude on May 8, 2008 - 2:32pm. One rule of thumb in Clairemont I have is that anything with a 1-car garage is in a crappy neighborhood. I have found few exceptions, though the 1-car garages near the transition to the better neighborhoods are a little better. Another rule of thumb is - a house on a canyon lot will cost about $40-$50K more than exact same house on a non-canyon lot across the street. The links above all represent the low end of Clairemont, though it appears the corn is finally starting to pop in the lower end of Clairemont. I would almost classify them as condos. Login or register to post comments 5257 Barstow St sold for Submitted by jpinpb on May 18, 2008 - 5:55pm. 5257 Barstow St sold for 285k, 37% off peak. http://www.sdlookup.com/Property-8267932... Login or register to post comments Nice, very close to the 2003 Submitted by PadreBrian on May 18, 2008 - 6:02pm. Nice, very close to the 2003 price point. Login or register to post comments		~Finance and investing~ The Case for Gold and Gold Stocks The Impact of Negative Real Interest Rates Thoughts on the Stock Market, Oil, and the Economy US Stock Market Priced for Poor Returns Dow 13,000 -- Again! more at my financial advisory firm's site Investment advisory services and securities offered through Girard Securities, Inc., member SIPC/FINRA. ~Recent articles~ Mortgage Defaults Plummet, For Now A Step in the Wrong Direction Bailouts Don't Address the Real Problem August 2008: The Tardiest Data Rodeo Ever More San Diego Job Losses ~Active forum topics~ Sensible bailout idea that will never happen OT The Fiscal Magic of "The One" (Political) Time to fire 30% of public employees Did Peter Schiff predicted the DOW to be at 8000? anxiety level. DOW is at 8700 and dropping fast! 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