[quote=bearishgurl]Yes, thanks for clarifying, AN. Apartment complexes are usually more transient than condo complexes so the $405K sold comp there seems even more overvalued, IMHO.
Seriously, AN, if you really want to “move-up” and have done updating/rehab work to your property and Bannister Ln (in this seemingly “busy” location) just sold for $405K, why not put your property up for sale this spring? According to the LETDLITA would-be MM investors around here, MM is hot, hot, HOT!! Get your listing in there while the heat is on!!!
Do you think you make enough upon sale of your residence to move to Sorrento Mesa if you sold in the next few months?[/quote]
What make you think it’s overvalued?
Why would I want to sell my place? Barring from someone willing to pay me $1M for my place right now, I’m keeping this baby as my retirement fund, even if I end up moving up. FYI, technically, there’s no such thing as Sorrento Mesa. Mira Mesa spread from 15 to 805 and Miramar to Calle Cristobal. So, “Sorrento Mesa” is nothing more than just a development within Mira Mesa. There are 3-4 houses in Mira Mesa that can make me move. So, no, there’s absolutely no reason why I would want to put my house in the market right now. If I can’t get one of those 3-4 houses, I’m staying put for a very very long time.
