[quote=bearishgurl][quote=sdrealtor]The irony is she has many a time told buyers that basing decisions and values on school boundaries or the current conditions in an area is foolish because they an change and henceforth impact those values. Isnt that what happened to South Bay? It has changed and/or not kept up with other areas of the county that have improved. LOL[/quote]
sdr, can you name off some tracts in SD County which were built in the last decade in “top-performing school attendance areas” which have NOT lost value? Why don’t you start where you are most familiar … “Nirvana?” One “master-planned” community that comes to mind a few miles from your neck of the woods is 4-closure Ranch. Those values have got to be down 30-50% + by now. LOL[/quote]
Huh? 4S Ranch is about 30 minutes away from me. I could name lots of tracts including my own. As long as they were built in 2003 or before they are all doing great as far as I can see. You made bad choices BG. Deal with it.
Here’s one example. Lexington in Carmel Valley. 5344 Greenwillow was built in 2003 (thats 8 years ago) and sold new for $1.15M. It just resold in August for $1.675M. The backyard has a basic pool, nothing fancy and upgrades post builder looked minimal. Lets give them $100K on top of the purchase price bringing it to 1.25M. We’ll call that one up by 37% since then. Thats a higher end community than mine. The appreciation is higher at lower price levels. I could do this all day along coastal NC. Next question please?
