Time to resurrect an old thread again. Here’s where we left off:
“Those looking for a dramtaic crash to 500K have been sadly disappointed.” sdrealtor, 6/06
“San Marcos currently has a 1 year supply of homes for sale, now we got 4 foreclosures in one single community. I’m now looking at these properties going down into low $400,000’s mid to late next year.” ocrenter 8/06
“You can believe what you want but there is no way you will see the 2300 sq ft model that was the basis of this thread from the outset sell at a price close to the low 400’s. End of story.” sdrealtor, 11/07
491 CAMINO VERDE, San Marcos, CA 92078 (1909 sqft)
–11/19/07: asking $396,000
584 VIA DEL CABALLO, San Marcos, CA 92078 (2259 sqft)
–11/21/07: asking $430,000
“the story has just begun.”ocrenter 11/07
414 Camino Hermoso, San Marcos, CA 92078 (2,358 sqft)
CLOSED ESCROW on 4/28/08 for $515,000 to buyer with 20% down.
FWIW, 584 Via Del Caballo which was a horrible house with 5 feet of backyard and massive slope (100’s of feet high) directly behind it. It closed for $447,000 in early March.
6 months later it looks like sdrealtor was spot on!
Going forward is another story but for now, I’ll crow a bit.
