I agree that location is a key factor in RE. Obviously people want to pay a premium for CV, LJ, RB, etc. All I’m trying to point out is that it’s not all that bad out in Santee since the Mayor has worked hard to upgrade the city.
Have you been to the New Town Center, or have you driven down Mission Gorge lately? I think if you have, you would see the changes. This isn’t the same old Santee anymore, and once the 52 is finished, you’ll get an affordable home with a decent/easy commute to the beach, Sorrento Valley, Fashion Valley, etc.
I think many people, who haven’t been to Santee in awhile, will be extremely suprised. Once you drive up the hill to Sky Ranch, you see that the community is very nice with great views. Homes at the very top in Eaglepointe can see to the ocean!
Don’t be so stuck on CV, RB, LJ, Carlsbad, etc. Yes, they are nice areas with great locations, but don’t be suprised if you still see another 10-20% drop in average prices once the shadow inventory hits those areas. Sky Ranch is very new, so there is less chance of that here. These homes were built in 2008, after the boom/crazy times. Not that we couldn’t see another 10% drop, it’s just that there is less of a chance of that out here, in my opinion, because a majority of the correction has already taken place.
PS – If it was so bad, then why do the homes continue to sell for all three level homes, NorthStar, Crestview, and Eaglepointe?
