Home › Forums › Housing › Big Losses in Del Sur › It looks like Shea home has
It looks like Shea home has some Del Sur listing on the MLS.
If a 2500sf listing can’t sell for $680,000… what makes them think at 2000sf house can sell for more in the same neighborhood.
8361 Bristol Ridge Ln San Diego, CA 92127 http://www.sdlookup.com/MLS-071069530-8361_Bristol_Ridge_Ln_San_Diego_CA_92127
Standard Pacific has some listings in the low $600k. 8453 Kern Crescent San Diego, CA 92127 http://www.sdlookup.com/MLS-076073564-8453_Kern_Crescent_San_Diego_CA_92127
Standard Pacific also has a 2781sf at $698,900 15817 Paseo Del Sur San Diego, CA 92127 http://www.sdlookup.com/MLS-076075092-15817_Paseo_Del_Sur_San_Diego_CA_92127
It looks like the builders are undercutting the resales in the market place, but also on the MLS.
I predict that 2008 will bring a bloodbath in Del Sur with losses in the $200k for the resellers.
The more expensive houses like Avaron might see $500k losses.
