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  • January 2, 2008 at 8:09 AM #11380
    maicde
    Participant

    Happy New Year 2008! 🙂

    I’ve read this forum with great interest for almost a year now; love it! We’re currently located in NE OH, are planning on relocating to Encinitas area (Encinitas/San Diegito) schools. Looks like prices are falling somewhat in the area (Single Family Residences). Any sort of prediction for how much more by/through summer of 2008?? I realize that no one has a crystal ball here, but just what is the feel out there for this area, does it look like prices will continue to decline, and if so, what percentage (approx.)? Thank you kindly.

    January 2, 2008 at 8:19 AM #127569
    Bugs
    Participant

    Possibly a few percent. You’re asking how much less pricing will be 6-8 months from now. The answer to that is that the amount of change during that time period will be about 70% of the rate of annual change, which in those areas hasn’t (yet) been that much.

    Pricing doesn’t change that quickly, especially on a declining trend. It will just bleed out a little.

    I’d tell you that if your money matters to you more than the intangible benefits of owning a home then you shouldn’t buy at all in 2008, and probably not in 2009.

    January 2, 2008 at 8:19 AM #127733
    Bugs
    Participant

    Possibly a few percent. You’re asking how much less pricing will be 6-8 months from now. The answer to that is that the amount of change during that time period will be about 70% of the rate of annual change, which in those areas hasn’t (yet) been that much.

    Pricing doesn’t change that quickly, especially on a declining trend. It will just bleed out a little.

    I’d tell you that if your money matters to you more than the intangible benefits of owning a home then you shouldn’t buy at all in 2008, and probably not in 2009.

    January 2, 2008 at 8:19 AM #127743
    Bugs
    Participant

    Possibly a few percent. You’re asking how much less pricing will be 6-8 months from now. The answer to that is that the amount of change during that time period will be about 70% of the rate of annual change, which in those areas hasn’t (yet) been that much.

    Pricing doesn’t change that quickly, especially on a declining trend. It will just bleed out a little.

    I’d tell you that if your money matters to you more than the intangible benefits of owning a home then you shouldn’t buy at all in 2008, and probably not in 2009.

    January 2, 2008 at 8:19 AM #127810
    Bugs
    Participant

    Possibly a few percent. You’re asking how much less pricing will be 6-8 months from now. The answer to that is that the amount of change during that time period will be about 70% of the rate of annual change, which in those areas hasn’t (yet) been that much.

    Pricing doesn’t change that quickly, especially on a declining trend. It will just bleed out a little.

    I’d tell you that if your money matters to you more than the intangible benefits of owning a home then you shouldn’t buy at all in 2008, and probably not in 2009.

    January 2, 2008 at 8:19 AM #127836
    Bugs
    Participant

    Possibly a few percent. You’re asking how much less pricing will be 6-8 months from now. The answer to that is that the amount of change during that time period will be about 70% of the rate of annual change, which in those areas hasn’t (yet) been that much.

    Pricing doesn’t change that quickly, especially on a declining trend. It will just bleed out a little.

    I’d tell you that if your money matters to you more than the intangible benefits of owning a home then you shouldn’t buy at all in 2008, and probably not in 2009.

    January 2, 2008 at 8:42 AM #127575
    NotCranky
    Participant

    Nobody knows.

    January 2, 2008 at 8:42 AM #127737
    NotCranky
    Participant

    Nobody knows.

    January 2, 2008 at 8:42 AM #127748
    NotCranky
    Participant

    Nobody knows.

    January 2, 2008 at 8:42 AM #127815
    NotCranky
    Participant

    Nobody knows.

    January 2, 2008 at 8:42 AM #127841
    NotCranky
    Participant

    Nobody knows.

    January 2, 2008 at 10:48 AM #127654
    SD Realtor
    Participant

    Bugs made a good post and I agree with him. On your questions, it is a tough call maicde… I know of a few people who are really looking hard for places up in LCV and Encinitas. The nicer places that each of them has wanted seem to get snapped up. There have been some reductions and some decent deals but not on the properties that each of these people has been looking for. There is a pretty substantial variations on the housing quality from high end stuff in La Costa to older stock in Encinitas. If you could be a little more specific it would help. I think that during the spring things will hold off dropping much as that is the season of strongest activity (and denial) so you may see some reductions there but I think it will not be until summertime and then later to see some stronger moves. Also sdr and Jim are really expert in this submarket.

    SD Realtor

    January 2, 2008 at 10:48 AM #127817
    SD Realtor
    Participant

    Bugs made a good post and I agree with him. On your questions, it is a tough call maicde… I know of a few people who are really looking hard for places up in LCV and Encinitas. The nicer places that each of them has wanted seem to get snapped up. There have been some reductions and some decent deals but not on the properties that each of these people has been looking for. There is a pretty substantial variations on the housing quality from high end stuff in La Costa to older stock in Encinitas. If you could be a little more specific it would help. I think that during the spring things will hold off dropping much as that is the season of strongest activity (and denial) so you may see some reductions there but I think it will not be until summertime and then later to see some stronger moves. Also sdr and Jim are really expert in this submarket.

    SD Realtor

    January 2, 2008 at 10:48 AM #127829
    SD Realtor
    Participant

    Bugs made a good post and I agree with him. On your questions, it is a tough call maicde… I know of a few people who are really looking hard for places up in LCV and Encinitas. The nicer places that each of them has wanted seem to get snapped up. There have been some reductions and some decent deals but not on the properties that each of these people has been looking for. There is a pretty substantial variations on the housing quality from high end stuff in La Costa to older stock in Encinitas. If you could be a little more specific it would help. I think that during the spring things will hold off dropping much as that is the season of strongest activity (and denial) so you may see some reductions there but I think it will not be until summertime and then later to see some stronger moves. Also sdr and Jim are really expert in this submarket.

    SD Realtor

    January 2, 2008 at 10:48 AM #127895
    SD Realtor
    Participant

    Bugs made a good post and I agree with him. On your questions, it is a tough call maicde… I know of a few people who are really looking hard for places up in LCV and Encinitas. The nicer places that each of them has wanted seem to get snapped up. There have been some reductions and some decent deals but not on the properties that each of these people has been looking for. There is a pretty substantial variations on the housing quality from high end stuff in La Costa to older stock in Encinitas. If you could be a little more specific it would help. I think that during the spring things will hold off dropping much as that is the season of strongest activity (and denial) so you may see some reductions there but I think it will not be until summertime and then later to see some stronger moves. Also sdr and Jim are really expert in this submarket.

    SD Realtor

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