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  • December 28, 2006 at 7:48 PM #8120
    waitingpatiently
    Participant

    Hi everyone, I have been reading this forum for awhile…sold my home in February 2006 and have been renting since waiting for the market. I have two small children and would like to move into our “forever home” sooner rather than later. Where do you see prices at this time next year for La Costa Valley? It seems that prices have dropped a little but not like I thought they would.

    December 28, 2006 at 9:34 PM #42385
    SD Realtor
    Participant

    Hi waitingpatiently –

    I believe that the La Costa Valley will see some more depreciation. This spring will be particularly telling because I am personally hoping for a bump in the inventory. If we can get a bump in inventory and the sales remain relatively flat then I think you will get some of the depreciation you are looking for. Try to at least sit tight for the next few months. I do believe that there will be continued depreciation over the next several years but it will be at a slower pace, 3-5% per year is a guesstimate. Since this is your forever home then I think you are okay to sit it in it many years to ride out early depreciation.

    A caviot would be a catalyst such as a quick rise in interest rates, or an extraordinary jump in inventory (that could be due to foreclosure activity).

    SD Realtor

    December 29, 2006 at 6:17 AM #42388
    lostkitty
    Participant

    http://www.Housingtracker.net has been all red for the last few weeks indicating falling inventory across the country. Today, however, there are several greens, and San Diego inventory shows an increase of 3.9% for the week.

    I too am hoping for a rise in inventory and falling prices (but i am probably one of the few that hopes it happens very slowly) so we can buy a vacation place out there in the next few years.

    December 29, 2006 at 9:39 AM #42394
    JJGittes
    Participant

    A little off point, but have you seen the listing for 62xx Village Green Dr. in Bressi? It notes that it is priced well at $200k below the model home that has the same floorplan. But get a load of the HOA fees — $205. Ouch. And they are on top of high mello roos. Between taxes, MR and HOA, you’d be on the hook for $1200 a month, BEFORE your mortgage. Boy, “older” (La Costa Valley, Aviara and others 8-15 yrs old) communites ain’t looking so bad. Lower HOA and MR will be selling points on these other areas.

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