Poway_Seller, of course I was talking about 14% additional from the peak price. But thanks for pointing this out in case someone else misinterpreted it.
50% off peak is certainly a number that is available in many areas. I don’t know if we will get that far in Carlsbad even in LCG. As SD Realtor points out if owners start to get loan mods than that would certainly slow the declines. Since this house is already 36% off peak my point was that 40-45% off peak seems possible and maybe even likely.
I would say $650-665k was probably the year 2000 value of this home given that the build quality and neighborhood probably fall somewhere between that of Bella Lago and Serenata. Also, the toll brothers houses in Rancho Carillo were selling for about that in 2000 depending on amenities and view.
