Home › Forums › Closed Forums › Properties or Areas › 10254 rancho carmel dr, 92128
- This topic has 5 replies, 2 voices, and was last updated 13 years, 5 months ago by
SD Realtor.
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March 9, 2011 at 9:27 PM #18613March 10, 2011 at 9:58 AM #675599
SD Realtor
ParticipantThis home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.
Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.
Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.
So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.
Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.
March 10, 2011 at 9:58 AM #675655SD Realtor
ParticipantThis home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.
Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.
Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.
So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.
Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.
March 10, 2011 at 9:58 AM #676267SD Realtor
ParticipantThis home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.
Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.
Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.
So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.
Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.
March 10, 2011 at 9:58 AM #676405SD Realtor
ParticipantThis home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.
Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.
Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.
So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.
Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.
March 10, 2011 at 9:58 AM #676749SD Realtor
ParticipantThis home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.
Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.
Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.
So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.
Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.
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