This property is not listed on foreclosure.com. Without a pre-foreclosure or foreclosure status, it is obviously a sales gimmick.
Manhattan Beach has 18 pre- and foreclosure properties.
No area is immune.
Next week, after my kids return to school, I will do a study of beach communities, unless one of our realtors has the information for us before that. I am interested in the declines so far,and what happened in the last downturn to areas within 3 blocks of the beach.
I am also interested in how much faster builder tract subdivisions lose their value. I was told that anything east of the I-5 is considered sub-par by long-time San Diego residents. The cool properties are west of the I-5. Can anyone confirm that? This friend said exceptions are for old money areas of Poway,e tc. She said newbies to San Diego flock to the McMansions in San Marcos, Escondido, Carmel Valley, but they are nothing special, and native San Diegans shun these places. Any comments?
An area in Poway, called the Grove, is like that. Large homes on 1/2 – 1 acre lots or larger, priced starting at $1.5 mil. Sterile, boring neighborhood. Every house looks the same practically. Palm trees here and there,but no character, no big trees. I would NEVER even rent in the Grove. The gate is so pompous. My friend had her purse stolen one morning, from the top of her car. What good was the gate? Give me Green Valley, a 1970’s neighborhood, with architecturally distinct homes, custom homes, no two alike, any day of the week. That is my dream neighborhood. Trails, a creek, lots of large trees, large lots. Never could see why anybody would buy a hey-I=look-just-like-you type of tract house. Especially when they are so close together. Even the ones far apart are hideous. I hope builders will get back to being craftsmen, instead of slapping together a bunch of wood without any creativity at all. Boring boring boring. My pet peeve is builder tract homes. A real dishonor to the name “builder”.
