[quote=EconProf]
Considering this, it seems neither too high nor too low in price.[/quote]
[quote=ocrenter][quote=kcal09][quote=ocrenter][quote=kcal09]Looks like price has come down quite a bit on this home-this type of home used to be over $1 million. Is it a good deal now or still overpriced?
Well, these went for around $700k new in 2002. Which means 2001 pricing. Adjusted for inflation and upgrades, this is actually quite a bit lower than 2001 prices.[/quote]
Thank you for the information. Does that mean it’s fairly priced as most other properties have not reached 2001 levels (yet) or is the 2001 price still too high?[/quote]
Assuming this house was 700k in 2002, adjusted for today’s dollar the price without interior/exterior improvements would be 880k.
So 760k is a decent price.[/quote]
I agree with both of these gentlemen that price seems to be decent. And I also would have brought up the point about the inflation adjusted price.
One thing I’ll say is that we absolutely LOVE living in Santaluz. We looked at a lot of different areas including La Jolla and are so very happy with our decision to buy here. The quality of life and lifestyle are really great here. Our neighbors are all friendly and the community is always immaculate.
We looked at tons of houses over a few years span waiting for prices to fall in San Diego and I figured last year was a good time to buy. I reasoned that prices might dip a bit more but over the long haul if you’re buying for the long term, I think now is a good time to buy in a community like Santaluz.
I couldn’t really justify it a few years ago when prices were 35% higher as I figured prices were still inflated but I think values are decent now. I’d highly recommend Santaluz for any potential property owners out there looking. It’s a wonderful community.
