[quote=ncsd760]The prices of condos/attached homes/zero lot line in the area astound me. Is it possible that the lower-end inventory — and I mean *relatively* since these units are closing in on 1mm and above in some cases — hold their ground more than the 4000sf tract homes? I can see demand for a 6 bedroom waning more than I can for a reasonable priced, low-maintenance attached home but also I’m not a realtor/broker and am just running off anecdotes.
For example, something in Summer Hill encinitas or Sea Point Tennis seems like it will be solid longer term even if we have “peaked”, no?[/quote]
I think with housing prices as high as they are a lot of people who want to live around here capitulated and bought attached housing. The bigger nicer units approximate the low end single families around here. I kind of saw this happening and about seven years ago had a client sell his old Oceanside one story in Rancho Del Oro that he kept as a rental and exchange into a Summerhill rental. It worked out extraordinarily well for him
The Summerhill homes are actually as large or larger than most of the Surrounding SFRs. I’ve long had a soft spot for them. Wish i owned one. Seapoint is more condo like and a step down from them IMO and don’t enjoy that location which is a really nice middle level sfr neighborhood around here.
As an aside my first home around here was in Seagate Village. After two years as conservative as I am I was looking to move up to Summerhill as the Fieldstone homes felt out of reach to me. Then LCV came and i pushed all my cards on the table moving up 2 or 3 steps instead of one. That turned out extraordinarily well for me:)
