[quote=kev374] . . . By contrast, Orange County has NOTHING, ZERO close to decent for under $400k unless you really want junk. $400k-500k yields a few listings but most are in the $500k+ range even in nasty neighborhoods.[/quote]
[quote=no_such_reality]You didn’t read between the lines.
OC, sub-$400K isn’t to his or her liking. There are 4000 listings in OC (roughly one month supply at peak sales) 25% of them are below $400K. 166 are SFRs
San Diego has 5000 units for sales west of Ramona. 626 are SFRs.[/quote]
You’re damn straight there are, NSR. Thank for for pointing this out about the OC and SD County.
[quote=SD Realtor]Well funny because the San Diego listing you showed is the home I listed for a client a few months ago . . . Additionally out to the east and northeast there are plenty of lower priced options.[/quote]
And so you acknowledge this fact so you must also know that Santee has great schools! And some of the schools in EC are also very good, right??
Do you really believe Poway, for example, is better-located than Santee or El Cajon? Or that is has better weather or better houses, even for $100K more than Santee?? And, as a “RE professional,” (former/current, full or PT, doesn’t matter) are comparable houses in size and age located within the PUSD REALLY WORTH $100-$200K more than those in Santee or EC??
Be honest. And, if you really believe similarly-situated SFRs are worth $100K ++ more in the PUSD than, say, Santee, for instance, tell us why.
Have you considered that any school-aged children in the the neighborhood of your former listing (Rolando) could likely “choice” into Lewis/Pershing MS and Henry HS in accordance with the NCLB Act?
There is no difference in the quality of education between the Henry High cluster and the Poway High cluster (where young families seem to be “flocking to” and upbidding each other for SFR’s … even marginal ones, lol).
[quote=SD Realtor]The reality is that the neighborhood is a mid 200k hood for homes but the flippers have come in, swamped it, and are now making good bucks on flips. It would not be considered a nice neighborhood with decent school districts by any means. . . . .
Still the stress for the neighbourhoods that most residents want to be in and/or desired school districts can be classified as historically high.[/quote]
SDR, you’re an experienced agent in SD Metro/East Metro and former flipper yourself, no?
Do you think flippers are entitled to make a profit? Do you think the typical buyer of your former Rolando listing would be able to improve it in this manner after purchase? Do flippers serve a purpose? Are they asking too much for it? Do you honestly believe it would resell in the “mid $200K” price range today if it had not been purchased in 12/12 for $275K and susequently flipped and re-marketed? Do you think this cyn-lot home was “worth” $275K in its former state (when the “flippers” purchased it)?
What kind of crap was listed within the PUSD in the last quarter of 2012 for ~$275K? Anything?? Are the “low end” houses within the PUSD so special that they are somehow “worth” $100K – $200K more than those in Santee or EC?
And WHO exactly are “most residents?” You don’t consider the Rolando charmer on a HUGE (18K++? sf) canyon lot to be “desirable” to a buyer? Are current buyers out there representative of “most residents?”
If they are one and the same, do you think it is “wise” for “most residents”/current buyers to grossly overbid for marginal properties within the (heavily indebted) PUSD?
