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  • February 26, 2008 at 5:15 AM #11933
    pemeliza
    Participant

    It seems like most of the forums lately are about predictions and what the government is about to do in the way of a bailout.

    Perhaps I’ll change the conversation a bit.

    As I want to stay close to downtown I am considering the 3 areas of pt loma, del cerro, and mt. helix.

    Anyone have any insight/experience regarding the current market conditions in these areas?

    It seems like inventory is just piling up in these areas and not much is selling. There are a few foreclosures here and there. It seems that the sellers and agents seem to be in a serious state of denial about the current market conditions.

    Anyone out looking in these areas and care to report?

    February 26, 2008 at 8:00 AM #160099
    SD Realtor
    Participant

    Your analysis is pretty correct especially about Point Loma. I have three different buyers who are looking in the areas you mentioned. Two in the Pt Loma area, the other one in a sprinkling of areas including Del Cerro and Mt Helix. The denial in Pt Loma runs deep and wide. Same with the other two areas but not quite as bad. Right now in each of the areas we are actually coming off of a seasonal lower point inventory wise as inventory traditionally bottoms out in the December/January timeframe and then starts to ramp up again. You will need patience in these areas but let’s see how things look in the summer. I don’t envision huge chunks down (a la perhaps 2010) but I do believe you will see a few price reductions once realizations hit some of these sellers.

    Just try to exercise patience.

    SD Realtor

    February 26, 2008 at 8:00 AM #160393
    SD Realtor
    Participant

    Your analysis is pretty correct especially about Point Loma. I have three different buyers who are looking in the areas you mentioned. Two in the Pt Loma area, the other one in a sprinkling of areas including Del Cerro and Mt Helix. The denial in Pt Loma runs deep and wide. Same with the other two areas but not quite as bad. Right now in each of the areas we are actually coming off of a seasonal lower point inventory wise as inventory traditionally bottoms out in the December/January timeframe and then starts to ramp up again. You will need patience in these areas but let’s see how things look in the summer. I don’t envision huge chunks down (a la perhaps 2010) but I do believe you will see a few price reductions once realizations hit some of these sellers.

    Just try to exercise patience.

    SD Realtor

    February 26, 2008 at 8:00 AM #160409
    SD Realtor
    Participant

    Your analysis is pretty correct especially about Point Loma. I have three different buyers who are looking in the areas you mentioned. Two in the Pt Loma area, the other one in a sprinkling of areas including Del Cerro and Mt Helix. The denial in Pt Loma runs deep and wide. Same with the other two areas but not quite as bad. Right now in each of the areas we are actually coming off of a seasonal lower point inventory wise as inventory traditionally bottoms out in the December/January timeframe and then starts to ramp up again. You will need patience in these areas but let’s see how things look in the summer. I don’t envision huge chunks down (a la perhaps 2010) but I do believe you will see a few price reductions once realizations hit some of these sellers.

    Just try to exercise patience.

    SD Realtor

    February 26, 2008 at 8:00 AM #160412
    SD Realtor
    Participant

    Your analysis is pretty correct especially about Point Loma. I have three different buyers who are looking in the areas you mentioned. Two in the Pt Loma area, the other one in a sprinkling of areas including Del Cerro and Mt Helix. The denial in Pt Loma runs deep and wide. Same with the other two areas but not quite as bad. Right now in each of the areas we are actually coming off of a seasonal lower point inventory wise as inventory traditionally bottoms out in the December/January timeframe and then starts to ramp up again. You will need patience in these areas but let’s see how things look in the summer. I don’t envision huge chunks down (a la perhaps 2010) but I do believe you will see a few price reductions once realizations hit some of these sellers.

    Just try to exercise patience.

    SD Realtor

    February 26, 2008 at 8:00 AM #160491
    SD Realtor
    Participant

    Your analysis is pretty correct especially about Point Loma. I have three different buyers who are looking in the areas you mentioned. Two in the Pt Loma area, the other one in a sprinkling of areas including Del Cerro and Mt Helix. The denial in Pt Loma runs deep and wide. Same with the other two areas but not quite as bad. Right now in each of the areas we are actually coming off of a seasonal lower point inventory wise as inventory traditionally bottoms out in the December/January timeframe and then starts to ramp up again. You will need patience in these areas but let’s see how things look in the summer. I don’t envision huge chunks down (a la perhaps 2010) but I do believe you will see a few price reductions once realizations hit some of these sellers.

    Just try to exercise patience.

    SD Realtor

    February 26, 2008 at 10:19 AM #160148
    pfflyer
    Participant

    SD Realtor,
    I’m watching Pt Loma as well and concur with your observations. Do you really think it will take until 2010 until reality sets in? Is Pt Loma going to mirror La Jolla?

    February 26, 2008 at 10:19 AM #160443
    pfflyer
    Participant

    SD Realtor,
    I’m watching Pt Loma as well and concur with your observations. Do you really think it will take until 2010 until reality sets in? Is Pt Loma going to mirror La Jolla?

    February 26, 2008 at 10:19 AM #160459
    pfflyer
    Participant

    SD Realtor,
    I’m watching Pt Loma as well and concur with your observations. Do you really think it will take until 2010 until reality sets in? Is Pt Loma going to mirror La Jolla?

    February 26, 2008 at 10:19 AM #160461
    pfflyer
    Participant

    SD Realtor,
    I’m watching Pt Loma as well and concur with your observations. Do you really think it will take until 2010 until reality sets in? Is Pt Loma going to mirror La Jolla?

    February 26, 2008 at 10:19 AM #160542
    pfflyer
    Participant

    SD Realtor,
    I’m watching Pt Loma as well and concur with your observations. Do you really think it will take until 2010 until reality sets in? Is Pt Loma going to mirror La Jolla?

    February 26, 2008 at 6:54 PM #160700
    SD Realtor
    Participant

    flyer I do… Lots of old money in PL. Also alot of people that got in at Liberty Station got smoking deals.. Liberty has come down at a slow pace. Unfortunately yeah I think PL is going to crawl down slowly.

    SD Realtor

    February 26, 2008 at 6:54 PM #160804
    SD Realtor
    Participant

    flyer I do… Lots of old money in PL. Also alot of people that got in at Liberty Station got smoking deals.. Liberty has come down at a slow pace. Unfortunately yeah I think PL is going to crawl down slowly.

    SD Realtor

    February 26, 2008 at 6:54 PM #160735
    SD Realtor
    Participant

    flyer I do… Lots of old money in PL. Also alot of people that got in at Liberty Station got smoking deals.. Liberty has come down at a slow pace. Unfortunately yeah I think PL is going to crawl down slowly.

    SD Realtor

    February 26, 2008 at 6:54 PM #160719
    SD Realtor
    Participant

    flyer I do… Lots of old money in PL. Also alot of people that got in at Liberty Station got smoking deals.. Liberty has come down at a slow pace. Unfortunately yeah I think PL is going to crawl down slowly.

    SD Realtor

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