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  • March 9, 2011 at 9:27 PM #18613
    SDisGreat
    Participant

    does anyone have any thoughts on this housing community? there is an hoa approx 200. what is the quality of the homes in this area and is the home priced right? listed at 400-430k

    do you guys forsee these homes dropping a bit more?
    the economy is not doing so well, i believe there are tons of shadow inventory that will cause another real estate bubble

    March 10, 2011 at 9:58 AM #675599
    SD Realtor
    Participant

    This home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.

    Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.

    Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.

    So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.

    Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.

    March 10, 2011 at 9:58 AM #675655
    SD Realtor
    Participant

    This home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.

    Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.

    Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.

    So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.

    Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.

    March 10, 2011 at 9:58 AM #676267
    SD Realtor
    Participant

    This home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.

    Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.

    Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.

    So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.

    Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.

    March 10, 2011 at 9:58 AM #676405
    SD Realtor
    Participant

    This home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.

    Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.

    Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.

    So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.

    Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.

    March 10, 2011 at 9:58 AM #676749
    SD Realtor
    Participant

    This home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.

    Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.

    Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.

    So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.

    Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.

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