We have friends looking in that area also, and I’d also be interested to know exactly where that development is located, and if the realtors on the forum feel prices will come down in that area.

We live in RSF, and I use Camino Del Sur off and on, and notice “for sale” signs quite often. I hope the Santa Monica development is not in the same area as “The Monet Collection.” That development is literally in a “ditch,” with dead brush (read fire hazard) surrounding the homes. Can’t imagine anyone paying over $500K for those homes. Another concern in that area is the power lines. Guess I’m just not a fan of the locations near that high school.

Will be interesting to hear the realtors feedback on this.

We have friends looking in that area also, and I’d also be interested to know exactly where that development is located, and if the realtors on the forum feel prices will come down in that area.

We live in RSF, and I use Camino Del Sur off and on, and notice “for sale” signs quite often. I hope the Santa Monica development is not in the same area as “The Monet Collection.” That development is literally in a “ditch,” with dead brush (read fire hazard) surrounding the homes. Can’t imagine anyone paying over $500K for those homes. Another concern in that area is the power lines. Guess I’m just not a fan of the locations near that high school.

Will be interesting to hear the realtors feedback on this.

Second time around for these folks. Pricing may be explained by the fact that they have a first mtg for 1.2M and a second for 145k. They listed the home back in 10/07 with Prudential at 1.55M and were at 1.525M when it expired. Obviously in thier minds it was Prudentials fault it didn’t sell so they relisted with Keller Williams on 4/18/08 for 1.499M to 1.52M.

This is not a case of people pricing the home to market conditions but rather a classic case of people pricing the home to thier own view of what they feel they must get out of the sale. Places like Santaluz have alot of denial still brewing in the tank.

If you perform an active/pending search in 1168 h7 and j7 which are two of the mapcodes that contain part of Santaluz you get 24 actives and 2 pendings. Not much of a ratio to shout about. Again, the denial runs deep out there. Agreed that the recent sales I looked at out there do not justify the price but let these people keep that nice mortgage payment alive… they will come around some day. It just may take awhile.

Again, keep in mind that the denial runs deep in many markets out here. Really really deep.

SD Realtor

Second time around for these folks. Pricing may be explained by the fact that they have a first mtg for 1.2M and a second for 145k. They listed the home back in 10/07 with Prudential at 1.55M and were at 1.525M when it expired. Obviously in thier minds it was Prudentials fault it didn’t sell so they relisted with Keller Williams on 4/18/08 for 1.499M to 1.52M.

This is not a case of people pricing the home to market conditions but rather a classic case of people pricing the home to thier own view of what they feel they must get out of the sale. Places like Santaluz have alot of denial still brewing in the tank.

If you perform an active/pending search in 1168 h7 and j7 which are two of the mapcodes that contain part of Santaluz you get 24 actives and 2 pendings. Not much of a ratio to shout about. Again, the denial runs deep out there. Agreed that the recent sales I looked at out there do not justify the price but let these people keep that nice mortgage payment alive… they will come around some day. It just may take awhile.

Again, keep in mind that the denial runs deep in many markets out here. Really really deep.

SD Realtor

Second time around for these folks. Pricing may be explained by the fact that they have a first mtg for 1.2M and a second for 145k. They listed the home back in 10/07 with Prudential at 1.55M and were at 1.525M when it expired. Obviously in thier minds it was Prudentials fault it didn’t sell so they relisted with Keller Williams on 4/18/08 for 1.499M to 1.52M.

This is not a case of people pricing the home to market conditions but rather a classic case of people pricing the home to thier own view of what they feel they must get out of the sale. Places like Santaluz have alot of denial still brewing in the tank.

If you perform an active/pending search in 1168 h7 and j7 which are two of the mapcodes that contain part of Santaluz you get 24 actives and 2 pendings. Not much of a ratio to shout about. Again, the denial runs deep out there. Agreed that the recent sales I looked at out there do not justify the price but let these people keep that nice mortgage payment alive… they will come around some day. It just may take awhile.

Again, keep in mind that the denial runs deep in many markets out here. Really really deep.

SD Realtor

Flyer I couldn’t help but laugh at your description of Monet. Hey to each his own ya know? I don’t have strong feelings about the place… it is not for me but I don’t bag on it or any other places in town…

Anyways Monet is west of Santa Monica and yes it is a step or two down in quality to say the least. It is also technically in 92129 (penasquitos) while Santa Monica is 92127. Two actives I know of in Monet are at 699k and above and Santa Monica homes are generally in the 1M to start range. You cannot even compare the homes though due to the size of the homes themselves and the lots.

Also anything in the hills out there is a fire hazard. Take it or leave it.
SD Realtor

Flyer I couldn’t help but laugh at your description of Monet. Hey to each his own ya know? I don’t have strong feelings about the place… it is not for me but I don’t bag on it or any other places in town…

Anyways Monet is west of Santa Monica and yes it is a step or two down in quality to say the least. It is also technically in 92129 (penasquitos) while Santa Monica is 92127. Two actives I know of in Monet are at 699k and above and Santa Monica homes are generally in the 1M to start range. You cannot even compare the homes though due to the size of the homes themselves and the lots.

Also anything in the hills out there is a fire hazard. Take it or leave it.
SD Realtor