10707 Heather Ridge Dr

[CVFanGirl]

A completely overdone Italianate nightmare for 1.175m in Saratoga

FSBO

What are the odds of this selling?

[CVFanGirl]

Sorry it’s 92130

[pk92108]

do you have a link???

[cour[email protected]]

This one is now listed with Prudential for $1.1-$1.25. Here’s the link:

http://yahoo.prudentialcaliforniarealtyonline.com/details/start.aspx?Results=true&propid=0090081001531&mode=Search

There are four Saratoga’s for sale now (all Plan 3’s).

[CVFanGirl]

That’s beceuse (take shelter) the ROAD is COMING and the MULTI Family IS coming and, quite possibly within the mutil-family, the LOW INCOME is coming. Plus I just know that all my fancy neighbors are gonna love that link to Mira Mesa.

High tail it brothers and sisters. It looked so nice, the sales offices massaged us all so well but with Bridle Ridge going up too, it’s starting to look like a brand new Enicinitas, complete with power lines.

[Eugene]

Did the city government decide to raze the park at the end of Camino Ruiz and build a bridge across the canyon instead?

Also, how are they going to fund that project?

[Eugene]

Did the city government decide to raze the park at the end of Camino Ruiz and build a bridge across the canyon instead?

Also, how are they going to fund that project?

[Eugene]

Did the city government decide to raze the park at the end of Camino Ruiz and build a bridge across the canyon instead?

Also, how are they going to fund that project?

[Eugene]

Did the city government decide to raze the park at the end of Camino Ruiz and build a bridge across the canyon instead?

Also, how are they going to fund that project?

[Eugene]

Did the city government decide to raze the park at the end of Camino Ruiz and build a bridge across the canyon instead?

Also, how are they going to fund that project?

[CVFanGirl]

That’s beceuse (take shelter) the ROAD is COMING and the MULTI Family IS coming and, quite possibly within the mutil-family, the LOW INCOME is coming. Plus I just know that all my fancy neighbors are gonna love that link to Mira Mesa.

High tail it brothers and sisters. It looked so nice, the sales offices massaged us all so well but with Bridle Ridge going up too, it’s starting to look like a brand new Enicinitas, complete with power lines.

[CVFanGirl]

That’s beceuse (take shelter) the ROAD is COMING and the MULTI Family IS coming and, quite possibly within the mutil-family, the LOW INCOME is coming. Plus I just know that all my fancy neighbors are gonna love that link to Mira Mesa.

High tail it brothers and sisters. It looked so nice, the sales offices massaged us all so well but with Bridle Ridge going up too, it’s starting to look like a brand new Enicinitas, complete with power lines.

[CVFanGirl]

That’s beceuse (take shelter) the ROAD is COMING and the MULTI Family IS coming and, quite possibly within the mutil-family, the LOW INCOME is coming. Plus I just know that all my fancy neighbors are gonna love that link to Mira Mesa.

High tail it brothers and sisters. It looked so nice, the sales offices massaged us all so well but with Bridle Ridge going up too, it’s starting to look like a brand new Enicinitas, complete with power lines.

[CVFanGirl]

That’s beceuse (take shelter) the ROAD is COMING and the MULTI Family IS coming and, quite possibly within the mutil-family, the LOW INCOME is coming. Plus I just know that all my fancy neighbors are gonna love that link to Mira Mesa.

High tail it brothers and sisters. It looked so nice, the sales offices massaged us all so well but with Bridle Ridge going up too, it’s starting to look like a brand new Enicinitas, complete with power lines.

[[email protected]]

This one is now listed with Prudential for $1.1-$1.25. Here’s the link:

http://yahoo.prudentialcaliforniarealtyonline.com/details/start.aspx?Results=true&propid=0090081001531&mode=Search

There are four Saratoga’s for sale now (all Plan 3’s).

[[email protected]]

This one is now listed with Prudential for $1.1-$1.25. Here’s the link:

http://yahoo.prudentialcaliforniarealtyonline.com/details/start.aspx?Results=true&propid=0090081001531&mode=Search

There are four Saratoga’s for sale now (all Plan 3’s).

[[email protected]]

This one is now listed with Prudential for $1.1-$1.25. Here’s the link:

http://yahoo.prudentialcaliforniarealtyonline.com/details/start.aspx?Results=true&propid=0090081001531&mode=Search

There are four Saratoga’s for sale now (all Plan 3’s).

[[email protected]]

This one is now listed with Prudential for $1.1-$1.25. Here’s the link:

http://yahoo.prudentialcaliforniarealtyonline.com/details/start.aspx?Results=true&propid=0090081001531&mode=Search

There are four Saratoga’s for sale now (all Plan 3’s).

[pk92108]

do you have a link???

[pk92108]

do you have a link???

[pk92108]

do you have a link???

[pk92108]

do you have a link???

[CVFanGirl]

Sorry it’s 92130

[CVFanGirl]

Sorry it’s 92130

[CVFanGirl]

Sorry it’s 92130

[CVFanGirl]

Sorry it’s 92130

[Coronita]

Overpriced. Check comparables over in Torrey Hills. I'll be watching what each of these new "resales" in Pardee is going to fetch.

 

Funny don't you think that folks that bought recently in Pardee all the sudden need to sell? Questionable financing? I wonder how many more of these are living in these new communities. I mean I wonder how many first time buyers landed in these community.

 

As far as the bridge is concerned, funding will be an issue.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[pk92108]

Just had a question…Is the multi-family housing going to be in bridel ridge actually?? and what is the “ROAD”..I am unfamiliar with that….How do we find out if there will be any low or moderte income housing?? And is East Ocean air also the school for that development..

thanks

[pk92108]

Just had a question…Is the multi-family housing going to be in bridel ridge actually?? and what is the “ROAD”..I am unfamiliar with that….How do we find out if there will be any low or moderte income housing?? And is East Ocean air also the school for that development..

thanks

[pk92108]

Just had a question…Is the multi-family housing going to be in bridel ridge actually?? and what is the “ROAD”..I am unfamiliar with that….How do we find out if there will be any low or moderte income housing?? And is East Ocean air also the school for that development..

thanks

[pk92108]

Just had a question…Is the multi-family housing going to be in bridel ridge actually?? and what is the “ROAD”..I am unfamiliar with that….How do we find out if there will be any low or moderte income housing?? And is East Ocean air also the school for that development..

thanks

[pk92108]

Just had a question…Is the multi-family housing going to be in bridel ridge actually?? and what is the “ROAD”..I am unfamiliar with that….How do we find out if there will be any low or moderte income housing?? And is East Ocean air also the school for that development..

thanks

[Coronita]

Overpriced. Check comparables over in Torrey Hills. I'll be watching what each of these new "resales" in Pardee is going to fetch.

 

Funny don't you think that folks that bought recently in Pardee all the sudden need to sell? Questionable financing? I wonder how many more of these are living in these new communities. I mean I wonder how many first time buyers landed in these community.

 

As far as the bridge is concerned, funding will be an issue.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Overpriced. Check comparables over in Torrey Hills. I'll be watching what each of these new "resales" in Pardee is going to fetch.

 

Funny don't you think that folks that bought recently in Pardee all the sudden need to sell? Questionable financing? I wonder how many more of these are living in these new communities. I mean I wonder how many first time buyers landed in these community.

 

As far as the bridge is concerned, funding will be an issue.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Overpriced. Check comparables over in Torrey Hills. I'll be watching what each of these new "resales" in Pardee is going to fetch.

 

Funny don't you think that folks that bought recently in Pardee all the sudden need to sell? Questionable financing? I wonder how many more of these are living in these new communities. I mean I wonder how many first time buyers landed in these community.

 

As far as the bridge is concerned, funding will be an issue.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Overpriced. Check comparables over in Torrey Hills. I'll be watching what each of these new "resales" in Pardee is going to fetch.

 

Funny don't you think that folks that bought recently in Pardee all the sudden need to sell? Questionable financing? I wonder how many more of these are living in these new communities. I mean I wonder how many first time buyers landed in these community.

 

As far as the bridge is concerned, funding will be an issue.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Anonymous]

The first wave of the Saratoga track resales are coming in and they look strong. Of the four homes listed between Heather Ridge and Foxborough Point only one is left.
10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It’s the ones right on the road or with 4+ peering neighbors that are sitting.

I’ve been following the Saratoga saga and reading the strings…

The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the “bridge” factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck.

One family is off to Rancho Santa Fe and another snatched up one of the prime Derby Hill lots.

Some of the hasty comments by members of our own real estate community baffle me. This is the time to promote growth not squash it even lower! There should be no tolerance for negative and ignorant commentary!

[Bugs]

“Baffle” you? By all means, do tell.

Let’s see it – give us your best rendition of why Now is a GREAT time to buy Real Estate!!!

[Bugs]

“Baffle” you? By all means, do tell.

Let’s see it – give us your best rendition of why Now is a GREAT time to buy Real Estate!!!

[Bugs]

“Baffle” you? By all means, do tell.

Let’s see it – give us your best rendition of why Now is a GREAT time to buy Real Estate!!!

[Bugs]

“Baffle” you? By all means, do tell.

Let’s see it – give us your best rendition of why Now is a GREAT time to buy Real Estate!!!

[Bugs]

“Baffle” you? By all means, do tell.

Let’s see it – give us your best rendition of why Now is a GREAT time to buy Real Estate!!!

[Coronita]

The first wave of the Saratoga track resales are coming in and they look strong. Of the four homes listed between Heather Ridge and Foxborough Point only one is left.
10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It's the ones right on the road or with 4+ peering neighbors that are sitting.

I've been following the Saratoga saga and reading the strings…

The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the "bridge" factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck.

One family is off to Rancho Santa Fe and another snatched up one of the prime Derby Hill lots.

Some of the hasty comments by members of our own real estate community baffle me. This is the time to promote growth not squash it even lower! There should be no tolerance for negative and ignorant commentary!

 

DONT FEED THE TROLLS. Someone is a little insecure about a purchase and subsequent loss-sales.

 

http://www.sdlookup.com/Property-A8A88835-10707_Heather_Ridge_Dr_San_Diego_CA_92130

 

Sale History

5/22/2006 $1,092,171

5/16/2008 $1,045,000

LOL. Someone bought in 2006, added a bunch of gaudy upgrades, sold recently 50k below purchase price. Anyone want to take a guess how much money was really loss on this one? I'd say 50k sale price loss + 30k loss in "upgrades" plus 2 years interest payments on 30year jumbo (about another 50k) and 2-3% sales commission on a $1million home (25k)

Yeah, I guess the person is "so rich", they don't mind throwing away $155k. LOL.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[CVFanGirl]

Gaudy is understating it. I highly doubt these people are the ones moving to RSF.

There are actually 5 total Saratogas that are/were up for sale There’s a FSBO on the Heather Ridge cul de sac as well. That’s 5 of 66 Saratogas up for resale in just 2 years. Plus only one Bridle Ridge sold in 2 months according to another thread.

It’s a good thing divorce rates are down but that can’t last forever either in this economy.

[Coronita]

Gaudy is understating it. I highly doubt these people are the ones moving to RSF.

There are actually 5 total Saratogas that are/were up for sale There's a FSBO on the Heather Ridge cul de sac as well. That's 5 of 66 Saratogas up for resale in just 2 years. Plus only one Bridle Ridge sold in 2 months according to another thread.

It's a good thing divorce rates are down but that can't last forever either in this economy.

 

Yawn….Insomnia keeping me up.

I also forgot to add in cost of property tax paid each year. On a 1million home, that's approximately $10k/year. So for the above person's cost was closer to $170k .

Ok, as a fun exercise. Let's see the other candidates who recently sold or are recently selling because they "are moving to RSF".

 

1. 10744 HEATHER RIDGE DRIVE

http://www.sdlookup.com/Property-5CCE2831-10744_Heather_Ridge_Dr_San_Diego_CA_92130

Sale history

9/22/2005 1,012,00

3/13/2008 988,000

$25k loss + 2.5 years of interest payment (which at a 30year fixed would be conservatively around $60-$70k) + $25k in prop taxes + 2-3% RE fee ($25k) + whatever cost to add upgrades/landscaping (because none of the saratoga except model had landscape)…Hum, I guess this other "rich" family didn't mind shelling out $100k+ this much to keep a house for only 2.5 years.

2. 10687 Heather Ridge Dr

Purchase History:

2/15/2006: $901k

Current Asking Price $949-999k,56 days

Let's follow this one. This one doesn't look too upgraded, bare-bone landscaping (note, I bet the owner is chinese, judging by the outdoor and indoor pictures and the listing agent: will confirm when SD assessor's website is back up).

If sold at the low end $950k, the person will take a loss after RE commision property taxes, and any mortgage interests (I'll say landscaping/upgrade cost was $0, because it looks like crap). At $999k, the person would almost break even…I have hutch this house is going to sit on the market for a little bit. It doesn't have enough curb appeal right now. Imho, I don't think they'll get $950k, since a loaded model home went for about this price if I recall. But time will tell.

 

3) 5241 Brickfield Ln

LOL: this one will be fun to watch

http://www.sdlookup.com/Property-2E0233A5-5241_Brickfield_Ln_San_Diego_CA_92130

3/7/2006 1.124 million

Current List price $1,399,000 (Buuuutttt, it comes with $200k in upgrades with a pool!!!! Someone forgot to tell the person that the full cost of an "upgrade" doesn't always carry over to the next buyer). If an agent is able to pull off selling this home anywhere near this asking price, I want to know that agent so that I can find a buyer for my bridge.

 

4) 10704 HEATHER RIDGE DR is pending, so it will be interesting to see what that closes at. List price is 1,075,876. Purchase history is

8/8/2006 $909k. Lol.. another $175k in "upgrades"

5281 FOXBOROUGH PT, 5274 FOXBOROUGH PT are equally pending above $150k in "upgrades"

LOL. Good golly, I hope the prospect buyer doesn't actually stumbles across this posting on and backs out.

I can say this with pretty much confidence. Even if those properties go for that price, they will be on the markets very shortly. Whoever is buying there either (1) isn't in tune with the other comps and probably ain't that in turn with their personal finances to sustain this or (2) doing this irrationally to take care of some personal needs (like saving a marriage). I saw folks like this buy on my own street, overpaying $100k+ above what an average home sold for on my street, outbidding other buyers even when the markets were cooling In all 3 cases, they purchased irrationally to "save a marriage"….Except only 6-8 months later the problem was with the marriage, and adding a home to the problem resulted in more stress. Same pattern. They overpaid for a home by $100k. They spent another $50k+ in upgrades once moved in, i guess to appease the spouse. The remodelling/stress must have gotten the better of them, because eventually they all ended up in divorces anyway, and the homes were put back on the market 6-8 months later. Thereafter, it took another couple months before they sold $100k below their purchase price.

(Side note: I don't understand why some couples that already having marriage problem think buying a home is going to solve the problems from the relationship. If it all, it just adds to the stress of an already strained relationship. And on top of that, if things inevitability ends up in a divorce, that is one more headache to deal with. )

Patience grasshoppers, if it's not these set of sellers that end up flooring pricing now, it will be the next set sellers (current buyers) that overpaid and wake up with that big hangover.

 

Saratoga "holding value" my ass. More like a FB irrationale buyer/1-2 year bad hangover seller magnet.

 

[Coronita]

Gaudy is understating it. I highly doubt these people are the ones moving to RSF.

There are actually 5 total Saratogas that are/were up for sale There's a FSBO on the Heather Ridge cul de sac as well. That's 5 of 66 Saratogas up for resale in just 2 years. Plus only one Bridle Ridge sold in 2 months according to another thread.

It's a good thing divorce rates are down but that can't last forever either in this economy.

 

Yawn….Insomnia keeping me up.

I also forgot to add in cost of property tax paid each year. On a 1million home, that's approximately $10k/year. So for the above person's cost was closer to $170k .

Ok, as a fun exercise. Let's see the other candidates who recently sold or are recently selling because they "are moving to RSF".

 

1. 10744 HEATHER RIDGE DRIVE

http://www.sdlookup.com/Property-5CCE2831-10744_Heather_Ridge_Dr_San_Diego_CA_92130

Sale history

9/22/2005 1,012,00

3/13/2008 988,000

$25k loss + 2.5 years of interest payment (which at a 30year fixed would be conservatively around $60-$70k) + $25k in prop taxes + 2-3% RE fee ($25k) + whatever cost to add upgrades/landscaping (because none of the saratoga except model had landscape)…Hum, I guess this other "rich" family didn't mind shelling out $100k+ this much to keep a house for only 2.5 years.

2. 10687 Heather Ridge Dr

Purchase History:

2/15/2006: $901k

Current Asking Price $949-999k,56 days

Let's follow this one. This one doesn't look too upgraded, bare-bone landscaping (note, I bet the owner is chinese, judging by the outdoor and indoor pictures and the listing agent: will confirm when SD assessor's website is back up).

If sold at the low end $950k, the person will take a loss after RE commision property taxes, and any mortgage interests (I'll say landscaping/upgrade cost was $0, because it looks like crap). At $999k, the person would almost break even…I have hutch this house is going to sit on the market for a little bit. It doesn't have enough curb appeal right now. Imho, I don't think they'll get $950k, since a loaded model home went for about this price if I recall. But time will tell.

 

3) 5241 Brickfield Ln

LOL: this one will be fun to watch

http://www.sdlookup.com/Property-2E0233A5-5241_Brickfield_Ln_San_Diego_CA_92130

3/7/2006 1.124 million

Current List price $1,399,000 (Buuuutttt, it comes with $200k in upgrades with a pool!!!! Someone forgot to tell the person that the full cost of an "upgrade" doesn't always carry over to the next buyer). If an agent is able to pull off selling this home anywhere near this asking price, I want to know that agent so that I can find a buyer for my bridge.

 

4) 10704 HEATHER RIDGE DR is pending, so it will be interesting to see what that closes at. List price is 1,075,876. Purchase history is

8/8/2006 $909k. Lol.. another $175k in "upgrades"

5281 FOXBOROUGH PT, 5274 FOXBOROUGH PT are equally pending above $150k in "upgrades"

LOL. Good golly, I hope the prospect buyer doesn't actually stumbles across this posting on and backs out.

I can say this with pretty much confidence. Even if those properties go for that price, they will be on the markets very shortly. Whoever is buying there either (1) isn't in tune with the other comps and probably ain't that in turn with their personal finances to sustain this or (2) doing this irrationally to take care of some personal needs (like saving a marriage). I saw folks like this buy on my own street, overpaying $100k+ above what an average home sold for on my street, outbidding other buyers even when the markets were cooling In all 3 cases, they purchased irrationally to "save a marriage"….Except only 6-8 months later the problem was with the marriage, and adding a home to the problem resulted in more stress. Same pattern. They overpaid for a home by $100k. They spent another $50k+ in upgrades once moved in, i guess to appease the spouse. The remodelling/stress must have gotten the better of them, because eventually they all ended up in divorces anyway, and the homes were put back on the market 6-8 months later. Thereafter, it took another couple months before they sold $100k below their purchase price.

(Side note: I don't understand why some couples that already having marriage problem think buying a home is going to solve the problems from the relationship. If it all, it just adds to the stress of an already strained relationship. And on top of that, if things inevitability ends up in a divorce, that is one more headache to deal with. )

Patience grasshoppers, if it's not these set of sellers that end up flooring pricing now, it will be the next set sellers (current buyers) that overpaid and wake up with that big hangover.

 

Saratoga "holding value" my ass. More like a FB irrationale buyer/1-2 year bad hangover seller magnet.

 

[Coronita]

Gaudy is understating it. I highly doubt these people are the ones moving to RSF.

There are actually 5 total Saratogas that are/were up for sale There's a FSBO on the Heather Ridge cul de sac as well. That's 5 of 66 Saratogas up for resale in just 2 years. Plus only one Bridle Ridge sold in 2 months according to another thread.

It's a good thing divorce rates are down but that can't last forever either in this economy.

 

Yawn….Insomnia keeping me up.

I also forgot to add in cost of property tax paid each year. On a 1million home, that's approximately $10k/year. So for the above person's cost was closer to $170k .

Ok, as a fun exercise. Let's see the other candidates who recently sold or are recently selling because they "are moving to RSF".

 

1. 10744 HEATHER RIDGE DRIVE

http://www.sdlookup.com/Property-5CCE2831-10744_Heather_Ridge_Dr_San_Diego_CA_92130

Sale history

9/22/2005 1,012,00

3/13/2008 988,000

$25k loss + 2.5 years of interest payment (which at a 30year fixed would be conservatively around $60-$70k) + $25k in prop taxes + 2-3% RE fee ($25k) + whatever cost to add upgrades/landscaping (because none of the saratoga except model had landscape)…Hum, I guess this other "rich" family didn't mind shelling out $100k+ this much to keep a house for only 2.5 years.

2. 10687 Heather Ridge Dr

Purchase History:

2/15/2006: $901k

Current Asking Price $949-999k,56 days

Let's follow this one. This one doesn't look too upgraded, bare-bone landscaping (note, I bet the owner is chinese, judging by the outdoor and indoor pictures and the listing agent: will confirm when SD assessor's website is back up).

If sold at the low end $950k, the person will take a loss after RE commision property taxes, and any mortgage interests (I'll say landscaping/upgrade cost was $0, because it looks like crap). At $999k, the person would almost break even…I have hutch this house is going to sit on the market for a little bit. It doesn't have enough curb appeal right now. Imho, I don't think they'll get $950k, since a loaded model home went for about this price if I recall. But time will tell.

 

3) 5241 Brickfield Ln

LOL: this one will be fun to watch

http://www.sdlookup.com/Property-2E0233A5-5241_Brickfield_Ln_San_Diego_CA_92130

3/7/2006 1.124 million

Current List price $1,399,000 (Buuuutttt, it comes with $200k in upgrades with a pool!!!! Someone forgot to tell the person that the full cost of an "upgrade" doesn't always carry over to the next buyer). If an agent is able to pull off selling this home anywhere near this asking price, I want to know that agent so that I can find a buyer for my bridge.

 

4) 10704 HEATHER RIDGE DR is pending, so it will be interesting to see what that closes at. List price is 1,075,876. Purchase history is

8/8/2006 $909k. Lol.. another $175k in "upgrades"

5281 FOXBOROUGH PT, 5274 FOXBOROUGH PT are equally pending above $150k in "upgrades"

LOL. Good golly, I hope the prospect buyer doesn't actually stumbles across this posting on and backs out.

I can say this with pretty much confidence. Even if those properties go for that price, they will be on the markets very shortly. Whoever is buying there either (1) isn't in tune with the other comps and probably ain't that in turn with their personal finances to sustain this or (2) doing this irrationally to take care of some personal needs (like saving a marriage). I saw folks like this buy on my own street, overpaying $100k+ above what an average home sold for on my street, outbidding other buyers even when the markets were cooling In all 3 cases, they purchased irrationally to "save a marriage"….Except only 6-8 months later the problem was with the marriage, and adding a home to the problem resulted in more stress. Same pattern. They overpaid for a home by $100k. They spent another $50k+ in upgrades once moved in, i guess to appease the spouse. The remodelling/stress must have gotten the better of them, because eventually they all ended up in divorces anyway, and the homes were put back on the market 6-8 months later. Thereafter, it took another couple months before they sold $100k below their purchase price.

(Side note: I don't understand why some couples that already having marriage problem think buying a home is going to solve the problems from the relationship. If it all, it just adds to the stress of an already strained relationship. And on top of that, if things inevitability ends up in a divorce, that is one more headache to deal with. )

Patience grasshoppers, if it's not these set of sellers that end up flooring pricing now, it will be the next set sellers (current buyers) that overpaid and wake up with that big hangover.

 

Saratoga "holding value" my ass. More like a FB irrationale buyer/1-2 year bad hangover seller magnet.

 

[Coronita]

Gaudy is understating it. I highly doubt these people are the ones moving to RSF.

There are actually 5 total Saratogas that are/were up for sale There's a FSBO on the Heather Ridge cul de sac as well. That's 5 of 66 Saratogas up for resale in just 2 years. Plus only one Bridle Ridge sold in 2 months according to another thread.

It's a good thing divorce rates are down but that can't last forever either in this economy.

 

Yawn….Insomnia keeping me up.

I also forgot to add in cost of property tax paid each year. On a 1million home, that's approximately $10k/year. So for the above person's cost was closer to $170k .

Ok, as a fun exercise. Let's see the other candidates who recently sold or are recently selling because they "are moving to RSF".

 

1. 10744 HEATHER RIDGE DRIVE

http://www.sdlookup.com/Property-5CCE2831-10744_Heather_Ridge_Dr_San_Diego_CA_92130

Sale history

9/22/2005 1,012,00

3/13/2008 988,000

$25k loss + 2.5 years of interest payment (which at a 30year fixed would be conservatively around $60-$70k) + $25k in prop taxes + 2-3% RE fee ($25k) + whatever cost to add upgrades/landscaping (because none of the saratoga except model had landscape)…Hum, I guess this other "rich" family didn't mind shelling out $100k+ this much to keep a house for only 2.5 years.

2. 10687 Heather Ridge Dr

Purchase History:

2/15/2006: $901k

Current Asking Price $949-999k,56 days

Let's follow this one. This one doesn't look too upgraded, bare-bone landscaping (note, I bet the owner is chinese, judging by the outdoor and indoor pictures and the listing agent: will confirm when SD assessor's website is back up).

If sold at the low end $950k, the person will take a loss after RE commision property taxes, and any mortgage interests (I'll say landscaping/upgrade cost was $0, because it looks like crap). At $999k, the person would almost break even…I have hutch this house is going to sit on the market for a little bit. It doesn't have enough curb appeal right now. Imho, I don't think they'll get $950k, since a loaded model home went for about this price if I recall. But time will tell.

 

3) 5241 Brickfield Ln

LOL: this one will be fun to watch

http://www.sdlookup.com/Property-2E0233A5-5241_Brickfield_Ln_San_Diego_CA_92130

3/7/2006 1.124 million

Current List price $1,399,000 (Buuuutttt, it comes with $200k in upgrades with a pool!!!! Someone forgot to tell the person that the full cost of an "upgrade" doesn't always carry over to the next buyer). If an agent is able to pull off selling this home anywhere near this asking price, I want to know that agent so that I can find a buyer for my bridge.

 

4) 10704 HEATHER RIDGE DR is pending, so it will be interesting to see what that closes at. List price is 1,075,876. Purchase history is

8/8/2006 $909k. Lol.. another $175k in "upgrades"

5281 FOXBOROUGH PT, 5274 FOXBOROUGH PT are equally pending above $150k in "upgrades"

LOL. Good golly, I hope the prospect buyer doesn't actually stumbles across this posting on and backs out.

I can say this with pretty much confidence. Even if those properties go for that price, they will be on the markets very shortly. Whoever is buying there either (1) isn't in tune with the other comps and probably ain't that in turn with their personal finances to sustain this or (2) doing this irrationally to take care of some personal needs (like saving a marriage). I saw folks like this buy on my own street, overpaying $100k+ above what an average home sold for on my street, outbidding other buyers even when the markets were cooling In all 3 cases, they purchased irrationally to "save a marriage"….Except only 6-8 months later the problem was with the marriage, and adding a home to the problem resulted in more stress. Same pattern. They overpaid for a home by $100k. They spent another $50k+ in upgrades once moved in, i guess to appease the spouse. The remodelling/stress must have gotten the better of them, because eventually they all ended up in divorces anyway, and the homes were put back on the market 6-8 months later. Thereafter, it took another couple months before they sold $100k below their purchase price.

(Side note: I don't understand why some couples that already having marriage problem think buying a home is going to solve the problems from the relationship. If it all, it just adds to the stress of an already strained relationship. And on top of that, if things inevitability ends up in a divorce, that is one more headache to deal with. )

Patience grasshoppers, if it's not these set of sellers that end up flooring pricing now, it will be the next set sellers (current buyers) that overpaid and wake up with that big hangover.

 

Saratoga "holding value" my ass. More like a FB irrationale buyer/1-2 year bad hangover seller magnet.

 

[Coronita]

Gaudy is understating it. I highly doubt these people are the ones moving to RSF.

There are actually 5 total Saratogas that are/were up for sale There's a FSBO on the Heather Ridge cul de sac as well. That's 5 of 66 Saratogas up for resale in just 2 years. Plus only one Bridle Ridge sold in 2 months according to another thread.

It's a good thing divorce rates are down but that can't last forever either in this economy.

 

Yawn….Insomnia keeping me up.

I also forgot to add in cost of property tax paid each year. On a 1million home, that's approximately $10k/year. So for the above person's cost was closer to $170k .

Ok, as a fun exercise. Let's see the other candidates who recently sold or are recently selling because they "are moving to RSF".

 

1. 10744 HEATHER RIDGE DRIVE

http://www.sdlookup.com/Property-5CCE2831-10744_Heather_Ridge_Dr_San_Diego_CA_92130

Sale history

9/22/2005 1,012,00

3/13/2008 988,000

$25k loss + 2.5 years of interest payment (which at a 30year fixed would be conservatively around $60-$70k) + $25k in prop taxes + 2-3% RE fee ($25k) + whatever cost to add upgrades/landscaping (because none of the saratoga except model had landscape)…Hum, I guess this other "rich" family didn't mind shelling out $100k+ this much to keep a house for only 2.5 years.

2. 10687 Heather Ridge Dr

Purchase History:

2/15/2006: $901k

Current Asking Price $949-999k,56 days

Let's follow this one. This one doesn't look too upgraded, bare-bone landscaping (note, I bet the owner is chinese, judging by the outdoor and indoor pictures and the listing agent: will confirm when SD assessor's website is back up).

If sold at the low end $950k, the person will take a loss after RE commision property taxes, and any mortgage interests (I'll say landscaping/upgrade cost was $0, because it looks like crap). At $999k, the person would almost break even…I have hutch this house is going to sit on the market for a little bit. It doesn't have enough curb appeal right now. Imho, I don't think they'll get $950k, since a loaded model home went for about this price if I recall. But time will tell.

 

3) 5241 Brickfield Ln

LOL: this one will be fun to watch

http://www.sdlookup.com/Property-2E0233A5-5241_Brickfield_Ln_San_Diego_CA_92130

3/7/2006 1.124 million

Current List price $1,399,000 (Buuuutttt, it comes with $200k in upgrades with a pool!!!! Someone forgot to tell the person that the full cost of an "upgrade" doesn't always carry over to the next buyer). If an agent is able to pull off selling this home anywhere near this asking price, I want to know that agent so that I can find a buyer for my bridge.

 

4) 10704 HEATHER RIDGE DR is pending, so it will be interesting to see what that closes at. List price is 1,075,876. Purchase history is

8/8/2006 $909k. Lol.. another $175k in "upgrades"

5281 FOXBOROUGH PT, 5274 FOXBOROUGH PT are equally pending above $150k in "upgrades"

LOL. Good golly, I hope the prospect buyer doesn't actually stumbles across this posting on and backs out.

I can say this with pretty much confidence. Even if those properties go for that price, they will be on the markets very shortly. Whoever is buying there either (1) isn't in tune with the other comps and probably ain't that in turn with their personal finances to sustain this or (2) doing this irrationally to take care of some personal needs (like saving a marriage). I saw folks like this buy on my own street, overpaying $100k+ above what an average home sold for on my street, outbidding other buyers even when the markets were cooling In all 3 cases, they purchased irrationally to "save a marriage"….Except only 6-8 months later the problem was with the marriage, and adding a home to the problem resulted in more stress. Same pattern. They overpaid for a home by $100k. They spent another $50k+ in upgrades once moved in, i guess to appease the spouse. The remodelling/stress must have gotten the better of them, because eventually they all ended up in divorces anyway, and the homes were put back on the market 6-8 months later. Thereafter, it took another couple months before they sold $100k below their purchase price.

(Side note: I don't understand why some couples that already having marriage problem think buying a home is going to solve the problems from the relationship. If it all, it just adds to the stress of an already strained relationship. And on top of that, if things inevitability ends up in a divorce, that is one more headache to deal with. )

Patience grasshoppers, if it's not these set of sellers that end up flooring pricing now, it will be the next set sellers (current buyers) that overpaid and wake up with that big hangover.

 

Saratoga "holding value" my ass. More like a FB irrationale buyer/1-2 year bad hangover seller magnet.

 

[CVFanGirl]

Gaudy is understating it. I highly doubt these people are the ones moving to RSF.

There are actually 5 total Saratogas that are/were up for sale There’s a FSBO on the Heather Ridge cul de sac as well. That’s 5 of 66 Saratogas up for resale in just 2 years. Plus only one Bridle Ridge sold in 2 months according to another thread.

It’s a good thing divorce rates are down but that can’t last forever either in this economy.

[CVFanGirl]

Gaudy is understating it. I highly doubt these people are the ones moving to RSF.

There are actually 5 total Saratogas that are/were up for sale There’s a FSBO on the Heather Ridge cul de sac as well. That’s 5 of 66 Saratogas up for resale in just 2 years. Plus only one Bridle Ridge sold in 2 months according to another thread.

It’s a good thing divorce rates are down but that can’t last forever either in this economy.

[CVFanGirl]

Gaudy is understating it. I highly doubt these people are the ones moving to RSF.

There are actually 5 total Saratogas that are/were up for sale There’s a FSBO on the Heather Ridge cul de sac as well. That’s 5 of 66 Saratogas up for resale in just 2 years. Plus only one Bridle Ridge sold in 2 months according to another thread.

It’s a good thing divorce rates are down but that can’t last forever either in this economy.

[CVFanGirl]

Gaudy is understating it. I highly doubt these people are the ones moving to RSF.

There are actually 5 total Saratogas that are/were up for sale There’s a FSBO on the Heather Ridge cul de sac as well. That’s 5 of 66 Saratogas up for resale in just 2 years. Plus only one Bridle Ridge sold in 2 months according to another thread.

It’s a good thing divorce rates are down but that can’t last forever either in this economy.

[Coronita]

The first wave of the Saratoga track resales are coming in and they look strong. Of the four homes listed between Heather Ridge and Foxborough Point only one is left.
10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It's the ones right on the road or with 4+ peering neighbors that are sitting.

I've been following the Saratoga saga and reading the strings…

The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the "bridge" factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck.

One family is off to Rancho Santa Fe and another snatched up one of the prime Derby Hill lots.

Some of the hasty comments by members of our own real estate community baffle me. This is the time to promote growth not squash it even lower! There should be no tolerance for negative and ignorant commentary!

 

DONT FEED THE TROLLS. Someone is a little insecure about a purchase and subsequent loss-sales.

 

http://www.sdlookup.com/Property-A8A88835-10707_Heather_Ridge_Dr_San_Diego_CA_92130

 

Sale History

5/22/2006 $1,092,171

5/16/2008 $1,045,000

LOL. Someone bought in 2006, added a bunch of gaudy upgrades, sold recently 50k below purchase price. Anyone want to take a guess how much money was really loss on this one? I'd say 50k sale price loss + 30k loss in "upgrades" plus 2 years interest payments on 30year jumbo (about another 50k) and 2-3% sales commission on a $1million home (25k)

Yeah, I guess the person is "so rich", they don't mind throwing away $155k. LOL.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

The first wave of the Saratoga track resales are coming in and they look strong. Of the four homes listed between Heather Ridge and Foxborough Point only one is left.
10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It's the ones right on the road or with 4+ peering neighbors that are sitting.

I've been following the Saratoga saga and reading the strings…

The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the "bridge" factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck.

One family is off to Rancho Santa Fe and another snatched up one of the prime Derby Hill lots.

Some of the hasty comments by members of our own real estate community baffle me. This is the time to promote growth not squash it even lower! There should be no tolerance for negative and ignorant commentary!

 

DONT FEED THE TROLLS. Someone is a little insecure about a purchase and subsequent loss-sales.

 

http://www.sdlookup.com/Property-A8A88835-10707_Heather_Ridge_Dr_San_Diego_CA_92130

 

Sale History

5/22/2006 $1,092,171

5/16/2008 $1,045,000

LOL. Someone bought in 2006, added a bunch of gaudy upgrades, sold recently 50k below purchase price. Anyone want to take a guess how much money was really loss on this one? I'd say 50k sale price loss + 30k loss in "upgrades" plus 2 years interest payments on 30year jumbo (about another 50k) and 2-3% sales commission on a $1million home (25k)

Yeah, I guess the person is "so rich", they don't mind throwing away $155k. LOL.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

The first wave of the Saratoga track resales are coming in and they look strong. Of the four homes listed between Heather Ridge and Foxborough Point only one is left.
10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It's the ones right on the road or with 4+ peering neighbors that are sitting.

I've been following the Saratoga saga and reading the strings…

The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the "bridge" factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck.

One family is off to Rancho Santa Fe and another snatched up one of the prime Derby Hill lots.

Some of the hasty comments by members of our own real estate community baffle me. This is the time to promote growth not squash it even lower! There should be no tolerance for negative and ignorant commentary!

 

DONT FEED THE TROLLS. Someone is a little insecure about a purchase and subsequent loss-sales.

 

http://www.sdlookup.com/Property-A8A88835-10707_Heather_Ridge_Dr_San_Diego_CA_92130

 

Sale History

5/22/2006 $1,092,171

5/16/2008 $1,045,000

LOL. Someone bought in 2006, added a bunch of gaudy upgrades, sold recently 50k below purchase price. Anyone want to take a guess how much money was really loss on this one? I'd say 50k sale price loss + 30k loss in "upgrades" plus 2 years interest payments on 30year jumbo (about another 50k) and 2-3% sales commission on a $1million home (25k)

Yeah, I guess the person is "so rich", they don't mind throwing away $155k. LOL.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

The first wave of the Saratoga track resales are coming in and they look strong. Of the four homes listed between Heather Ridge and Foxborough Point only one is left.
10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It's the ones right on the road or with 4+ peering neighbors that are sitting.

I've been following the Saratoga saga and reading the strings…

The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the "bridge" factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck.

One family is off to Rancho Santa Fe and another snatched up one of the prime Derby Hill lots.

Some of the hasty comments by members of our own real estate community baffle me. This is the time to promote growth not squash it even lower! There should be no tolerance for negative and ignorant commentary!

 

DONT FEED THE TROLLS. Someone is a little insecure about a purchase and subsequent loss-sales.

 

http://www.sdlookup.com/Property-A8A88835-10707_Heather_Ridge_Dr_San_Diego_CA_92130

 

Sale History

5/22/2006 $1,092,171

5/16/2008 $1,045,000

LOL. Someone bought in 2006, added a bunch of gaudy upgrades, sold recently 50k below purchase price. Anyone want to take a guess how much money was really loss on this one? I'd say 50k sale price loss + 30k loss in "upgrades" plus 2 years interest payments on 30year jumbo (about another 50k) and 2-3% sales commission on a $1million home (25k)

Yeah, I guess the person is "so rich", they don't mind throwing away $155k. LOL.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Anonymous]

The first wave of the Saratoga track resales are coming in and they look strong. Of the four homes listed between Heather Ridge and Foxborough Point only one is left.
10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It’s the ones right on the road or with 4+ peering neighbors that are sitting.

I’ve been following the Saratoga saga and reading the strings…

The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the “bridge” factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck.

One family is off to Rancho Santa Fe and another snatched up one of the prime Derby Hill lots.

Some of the hasty comments by members of our own real estate community baffle me. This is the time to promote growth not squash it even lower! There should be no tolerance for negative and ignorant commentary!

[Anonymous]

The first wave of the Saratoga track resales are coming in and they look strong. Of the four homes listed between Heather Ridge and Foxborough Point only one is left.
10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It’s the ones right on the road or with 4+ peering neighbors that are sitting.

I’ve been following the Saratoga saga and reading the strings…

The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the “bridge” factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck.

One family is off to Rancho Santa Fe and another snatched up one of the prime Derby Hill lots.

Some of the hasty comments by members of our own real estate community baffle me. This is the time to promote growth not squash it even lower! There should be no tolerance for negative and ignorant commentary!

[Anonymous]

The first wave of the Saratoga track resales are coming in and they look strong. Of the four homes listed between Heather Ridge and Foxborough Point only one is left.
10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It’s the ones right on the road or with 4+ peering neighbors that are sitting.

I’ve been following the Saratoga saga and reading the strings…

The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the “bridge” factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck.

One family is off to Rancho Santa Fe and another snatched up one of the prime Derby Hill lots.

Some of the hasty comments by members of our own real estate community baffle me. This is the time to promote growth not squash it even lower! There should be no tolerance for negative and ignorant commentary!

[Anonymous]

The first wave of the Saratoga track resales are coming in and they look strong. Of the four homes listed between Heather Ridge and Foxborough Point only one is left.
10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It’s the ones right on the road or with 4+ peering neighbors that are sitting.

I’ve been following the Saratoga saga and reading the strings…

The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the “bridge” factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck.

One family is off to Rancho Santa Fe and another snatched up one of the prime Derby Hill lots.

Some of the hasty comments by members of our own real estate community baffle me. This is the time to promote growth not squash it even lower! There should be no tolerance for negative and ignorant commentary!

[Coronita]

10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It's the ones right on the road or with 4+ peering neighbors that are sitting.

 

I just re-read this posting from an assumed realtor (SDRE4ME), and found the line ironic. " 10707 Heather Ridge sold in just two weeks"

 

This home was listed BACK IN 2007. WTF does the cryptic realtor speak "just sold in two weeks" supposedly mean?

Yeah, if a home sold recently, "this home sold within the past two weeks", but it didn't "just take two weeks to sell"…

See, this is why realtors have such a bad rap.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[SD Realtor]

Yeah I know FLU… what can ya do…

SD Realtor

[jpinpb]

Wow FLU – Way to let’em have it. Good research. I think it’s great to call BS w/facts.

[Anonymous]

Jealousy is such an ugly trait!
When real estate history repeats itself, those who bought in posh Carmel Valley will be sitting pretty in 2013 when the market turns.
Don’t forget, this is where many Carmel Valley-ites made their money (alongside start ups and stock options).
I congratulate those who have the guts (and bucks) to buy, resell and invest in 92130!
I still consider this zip tops in San Diego

[sd_bear]

And I still consider you a fool!

[CVFanGirl]

Let’s not forget the cost of landscaping either, FLU. Every home with a large lot spent at least 40k in sod and cement. It would be so nice to buy without that cost factored in..

[Coronita]

CV fan girl, that was already (conservatively) included in "remodeling"

.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

CV fan girl, that was already (conservatively) included in "remodeling"

.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

CV fan girl, that was already (conservatively) included in "remodeling"

.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

CV fan girl, that was already (conservatively) included in "remodeling"

.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

CV fan girl, that was already (conservatively) included in "remodeling"

.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[sdduuuude]

No more bold.

[sdduuuude]

No more bold.

[sdduuuude]

No more bold.

[sdduuuude]

No more bold.

[sdduuuude]

No more bold.

[CVFanGirl]

Let’s not forget the cost of landscaping either, FLU. Every home with a large lot spent at least 40k in sod and cement. It would be so nice to buy without that cost factored in..

[CVFanGirl]

Let’s not forget the cost of landscaping either, FLU. Every home with a large lot spent at least 40k in sod and cement. It would be so nice to buy without that cost factored in..

[CVFanGirl]

Let’s not forget the cost of landscaping either, FLU. Every home with a large lot spent at least 40k in sod and cement. It would be so nice to buy without that cost factored in..

[CVFanGirl]

Let’s not forget the cost of landscaping either, FLU. Every home with a large lot spent at least 40k in sod and cement. It would be so nice to buy without that cost factored in..

[sd_bear]

And I still consider you a fool!

[sd_bear]

And I still consider you a fool!

[sd_bear]

And I still consider you a fool!

[sd_bear]

And I still consider you a fool!

[Coronita]

 

Jealousy is such an ugly trait!
When real estate history repeats itself, those who bought in posh Carmel Valley will be sitting pretty in 2013 when the market turns.
Don't forget, this is where many Carmel Valley-ites made their money (alongside start ups and stock options).
I congratulate those who have the guts (and bucks) to buy, resell and invest in 92130!

 

Someone either really needs their sales commision from a closure in CV OR someone is really feeling bad about recently closing on a purchase OR both.

 

What makes you so confident some of us folks on this board don't already live in 92130 or don't already "have to bucks" as you say to overspend irresponsibly if we wanted to?

Why do you think some of us "are jealous" of folks that overleverage and overspend on a home by approximately $100k to $200k only to have to turn around and sell 2.5 years and sell at aLOSS both in absolute dollar amounts AND in relative dollar amounts wrto holding costs in excess of $100k? Sorry, these "rich" people aren't nearly a the "rich" level to be blowing around $100k-$200k losses, otherwise they wouldn't be living in Saratoga in the first place (which btw is nowhere near considered a high end home) and feeling a need to sell at a loss. The math doesn't add up.

Any "owner" of Saratoga that bought in 2005 and 2006 (could not possibly have bought earlier) that is trying to sell in 2008 will lose money if they are not able to sell at least $100k above their initial purchase price, factoring in commissions, prop taxes, move in landscaping, and any interest rate on mortgage payments. That amount goes up for folks that decided to go overboard on landscaping and options (which can't be recouped) and goes up each month the transaction doesn't close.

Any of the pending transactions in Saratoga if closes at or near those asking prices, the new owner is going to eat sh!t because they already already overpaying for a home in a market which is already overinflated. This isn't rocket science.

 

This is such an easy target to poke holes in. I didn't even include the $100/month HOA that Pardee communities tack on that other SFH/ non-gated communities have anywhere close to in terms of HOA in CV. But since sellers are eating $100k already, $1200/year is really peanuts to tack on.

 

Sorry guys/gals (forthe rest of you), I'm not trying to really eball here. But some of these Pardee "I-think-I'm-rich-but-really -not" wannabe really drive me up the wall some times. They give CV residence a bad name… I run into these Pardee FB in the park all the time, and they always talk about how wonderful their home is, and how well prop value is holding up "only in their community". And whenever I ask them what loan structure they are on, it's so funny how often I hear "deal" and "ARM" in the same sentence.

No, I'm not jealous. I'm just sick of hearing about the Pardee cult elitist bullsh!t.

 

[sdduuuude]

Go get ’em FLU.

[sdduuuude]

Go get ’em FLU.

[sdduuuude]

Go get ’em FLU.

[sdduuuude]

Go get ’em FLU.

[sdduuuude]

Go get ’em FLU.

[Coronita]

 

Jealousy is such an ugly trait!
When real estate history repeats itself, those who bought in posh Carmel Valley will be sitting pretty in 2013 when the market turns.
Don't forget, this is where many Carmel Valley-ites made their money (alongside start ups and stock options).
I congratulate those who have the guts (and bucks) to buy, resell and invest in 92130!

 

Someone either really needs their sales commision from a closure in CV OR someone is really feeling bad about recently closing on a purchase OR both.

 

What makes you so confident some of us folks on this board don't already live in 92130 or don't already "have to bucks" as you say to overspend irresponsibly if we wanted to?

Why do you think some of us "are jealous" of folks that overleverage and overspend on a home by approximately $100k to $200k only to have to turn around and sell 2.5 years and sell at aLOSS both in absolute dollar amounts AND in relative dollar amounts wrto holding costs in excess of $100k? Sorry, these "rich" people aren't nearly a the "rich" level to be blowing around $100k-$200k losses, otherwise they wouldn't be living in Saratoga in the first place (which btw is nowhere near considered a high end home) and feeling a need to sell at a loss. The math doesn't add up.

Any "owner" of Saratoga that bought in 2005 and 2006 (could not possibly have bought earlier) that is trying to sell in 2008 will lose money if they are not able to sell at least $100k above their initial purchase price, factoring in commissions, prop taxes, move in landscaping, and any interest rate on mortgage payments. That amount goes up for folks that decided to go overboard on landscaping and options (which can't be recouped) and goes up each month the transaction doesn't close.

Any of the pending transactions in Saratoga if closes at or near those asking prices, the new owner is going to eat sh!t because they already already overpaying for a home in a market which is already overinflated. This isn't rocket science.

 

This is such an easy target to poke holes in. I didn't even include the $100/month HOA that Pardee communities tack on that other SFH/ non-gated communities have anywhere close to in terms of HOA in CV. But since sellers are eating $100k already, $1200/year is really peanuts to tack on.

 

Sorry guys/gals (forthe rest of you), I'm not trying to really eball here. But some of these Pardee "I-think-I'm-rich-but-really -not" wannabe really drive me up the wall some times. They give CV residence a bad name… I run into these Pardee FB in the park all the time, and they always talk about how wonderful their home is, and how well prop value is holding up "only in their community". And whenever I ask them what loan structure they are on, it's so funny how often I hear "deal" and "ARM" in the same sentence.

No, I'm not jealous. I'm just sick of hearing about the Pardee cult elitist bullsh!t.

 

[Coronita]

 

Jealousy is such an ugly trait!
When real estate history repeats itself, those who bought in posh Carmel Valley will be sitting pretty in 2013 when the market turns.
Don't forget, this is where many Carmel Valley-ites made their money (alongside start ups and stock options).
I congratulate those who have the guts (and bucks) to buy, resell and invest in 92130!

 

Someone either really needs their sales commision from a closure in CV OR someone is really feeling bad about recently closing on a purchase OR both.

 

What makes you so confident some of us folks on this board don't already live in 92130 or don't already "have to bucks" as you say to overspend irresponsibly if we wanted to?

Why do you think some of us "are jealous" of folks that overleverage and overspend on a home by approximately $100k to $200k only to have to turn around and sell 2.5 years and sell at aLOSS both in absolute dollar amounts AND in relative dollar amounts wrto holding costs in excess of $100k? Sorry, these "rich" people aren't nearly a the "rich" level to be blowing around $100k-$200k losses, otherwise they wouldn't be living in Saratoga in the first place (which btw is nowhere near considered a high end home) and feeling a need to sell at a loss. The math doesn't add up.

Any "owner" of Saratoga that bought in 2005 and 2006 (could not possibly have bought earlier) that is trying to sell in 2008 will lose money if they are not able to sell at least $100k above their initial purchase price, factoring in commissions, prop taxes, move in landscaping, and any interest rate on mortgage payments. That amount goes up for folks that decided to go overboard on landscaping and options (which can't be recouped) and goes up each month the transaction doesn't close.

Any of the pending transactions in Saratoga if closes at or near those asking prices, the new owner is going to eat sh!t because they already already overpaying for a home in a market which is already overinflated. This isn't rocket science.

 

This is such an easy target to poke holes in. I didn't even include the $100/month HOA that Pardee communities tack on that other SFH/ non-gated communities have anywhere close to in terms of HOA in CV. But since sellers are eating $100k already, $1200/year is really peanuts to tack on.

 

Sorry guys/gals (forthe rest of you), I'm not trying to really eball here. But some of these Pardee "I-think-I'm-rich-but-really -not" wannabe really drive me up the wall some times. They give CV residence a bad name… I run into these Pardee FB in the park all the time, and they always talk about how wonderful their home is, and how well prop value is holding up "only in their community". And whenever I ask them what loan structure they are on, it's so funny how often I hear "deal" and "ARM" in the same sentence.

No, I'm not jealous. I'm just sick of hearing about the Pardee cult elitist bullsh!t.

 

[Coronita]

 

Jealousy is such an ugly trait!
When real estate history repeats itself, those who bought in posh Carmel Valley will be sitting pretty in 2013 when the market turns.
Don't forget, this is where many Carmel Valley-ites made their money (alongside start ups and stock options).
I congratulate those who have the guts (and bucks) to buy, resell and invest in 92130!

 

Someone either really needs their sales commision from a closure in CV OR someone is really feeling bad about recently closing on a purchase OR both.

 

What makes you so confident some of us folks on this board don't already live in 92130 or don't already "have to bucks" as you say to overspend irresponsibly if we wanted to?

Why do you think some of us "are jealous" of folks that overleverage and overspend on a home by approximately $100k to $200k only to have to turn around and sell 2.5 years and sell at aLOSS both in absolute dollar amounts AND in relative dollar amounts wrto holding costs in excess of $100k? Sorry, these "rich" people aren't nearly a the "rich" level to be blowing around $100k-$200k losses, otherwise they wouldn't be living in Saratoga in the first place (which btw is nowhere near considered a high end home) and feeling a need to sell at a loss. The math doesn't add up.

Any "owner" of Saratoga that bought in 2005 and 2006 (could not possibly have bought earlier) that is trying to sell in 2008 will lose money if they are not able to sell at least $100k above their initial purchase price, factoring in commissions, prop taxes, move in landscaping, and any interest rate on mortgage payments. That amount goes up for folks that decided to go overboard on landscaping and options (which can't be recouped) and goes up each month the transaction doesn't close.

Any of the pending transactions in Saratoga if closes at or near those asking prices, the new owner is going to eat sh!t because they already already overpaying for a home in a market which is already overinflated. This isn't rocket science.

 

This is such an easy target to poke holes in. I didn't even include the $100/month HOA that Pardee communities tack on that other SFH/ non-gated communities have anywhere close to in terms of HOA in CV. But since sellers are eating $100k already, $1200/year is really peanuts to tack on.

 

Sorry guys/gals (forthe rest of you), I'm not trying to really eball here. But some of these Pardee "I-think-I'm-rich-but-really -not" wannabe really drive me up the wall some times. They give CV residence a bad name… I run into these Pardee FB in the park all the time, and they always talk about how wonderful their home is, and how well prop value is holding up "only in their community". And whenever I ask them what loan structure they are on, it's so funny how often I hear "deal" and "ARM" in the same sentence.

No, I'm not jealous. I'm just sick of hearing about the Pardee cult elitist bullsh!t.

 

[Coronita]

 

Jealousy is such an ugly trait!
When real estate history repeats itself, those who bought in posh Carmel Valley will be sitting pretty in 2013 when the market turns.
Don't forget, this is where many Carmel Valley-ites made their money (alongside start ups and stock options).
I congratulate those who have the guts (and bucks) to buy, resell and invest in 92130!

 

Someone either really needs their sales commision from a closure in CV OR someone is really feeling bad about recently closing on a purchase OR both.

 

What makes you so confident some of us folks on this board don't already live in 92130 or don't already "have to bucks" as you say to overspend irresponsibly if we wanted to?

Why do you think some of us "are jealous" of folks that overleverage and overspend on a home by approximately $100k to $200k only to have to turn around and sell 2.5 years and sell at aLOSS both in absolute dollar amounts AND in relative dollar amounts wrto holding costs in excess of $100k? Sorry, these "rich" people aren't nearly a the "rich" level to be blowing around $100k-$200k losses, otherwise they wouldn't be living in Saratoga in the first place (which btw is nowhere near considered a high end home) and feeling a need to sell at a loss. The math doesn't add up.

Any "owner" of Saratoga that bought in 2005 and 2006 (could not possibly have bought earlier) that is trying to sell in 2008 will lose money if they are not able to sell at least $100k above their initial purchase price, factoring in commissions, prop taxes, move in landscaping, and any interest rate on mortgage payments. That amount goes up for folks that decided to go overboard on landscaping and options (which can't be recouped) and goes up each month the transaction doesn't close.

Any of the pending transactions in Saratoga if closes at or near those asking prices, the new owner is going to eat sh!t because they already already overpaying for a home in a market which is already overinflated. This isn't rocket science.

 

This is such an easy target to poke holes in. I didn't even include the $100/month HOA that Pardee communities tack on that other SFH/ non-gated communities have anywhere close to in terms of HOA in CV. But since sellers are eating $100k already, $1200/year is really peanuts to tack on.

 

Sorry guys/gals (forthe rest of you), I'm not trying to really eball here. But some of these Pardee "I-think-I'm-rich-but-really -not" wannabe really drive me up the wall some times. They give CV residence a bad name… I run into these Pardee FB in the park all the time, and they always talk about how wonderful their home is, and how well prop value is holding up "only in their community". And whenever I ask them what loan structure they are on, it's so funny how often I hear "deal" and "ARM" in the same sentence.

No, I'm not jealous. I'm just sick of hearing about the Pardee cult elitist bullsh!t.

 

[Anonymous]

Jealousy is such an ugly trait!
When real estate history repeats itself, those who bought in posh Carmel Valley will be sitting pretty in 2013 when the market turns.
Don’t forget, this is where many Carmel Valley-ites made their money (alongside start ups and stock options).
I congratulate those who have the guts (and bucks) to buy, resell and invest in 92130!
I still consider this zip tops in San Diego

[Anonymous]

Jealousy is such an ugly trait!
When real estate history repeats itself, those who bought in posh Carmel Valley will be sitting pretty in 2013 when the market turns.
Don’t forget, this is where many Carmel Valley-ites made their money (alongside start ups and stock options).
I congratulate those who have the guts (and bucks) to buy, resell and invest in 92130!
I still consider this zip tops in San Diego

[Anonymous]

Jealousy is such an ugly trait!
When real estate history repeats itself, those who bought in posh Carmel Valley will be sitting pretty in 2013 when the market turns.
Don’t forget, this is where many Carmel Valley-ites made their money (alongside start ups and stock options).
I congratulate those who have the guts (and bucks) to buy, resell and invest in 92130!
I still consider this zip tops in San Diego

[Anonymous]

Jealousy is such an ugly trait!
When real estate history repeats itself, those who bought in posh Carmel Valley will be sitting pretty in 2013 when the market turns.
Don’t forget, this is where many Carmel Valley-ites made their money (alongside start ups and stock options).
I congratulate those who have the guts (and bucks) to buy, resell and invest in 92130!
I still consider this zip tops in San Diego

[jpinpb]

Wow FLU – Way to let’em have it. Good research. I think it’s great to call BS w/facts.

[jpinpb]

Wow FLU – Way to let’em have it. Good research. I think it’s great to call BS w/facts.

[jpinpb]

Wow FLU – Way to let’em have it. Good research. I think it’s great to call BS w/facts.

[jpinpb]

Wow FLU – Way to let’em have it. Good research. I think it’s great to call BS w/facts.

[SD Realtor]

Yeah I know FLU… what can ya do…

SD Realtor

[SD Realtor]

Yeah I know FLU… what can ya do…

SD Realtor

[SD Realtor]

Yeah I know FLU… what can ya do…

SD Realtor

[SD Realtor]

Yeah I know FLU… what can ya do…

SD Realtor

[Coronita]

10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It's the ones right on the road or with 4+ peering neighbors that are sitting.

 

I just re-read this posting from an assumed realtor (SDRE4ME), and found the line ironic. " 10707 Heather Ridge sold in just two weeks"

 

This home was listed BACK IN 2007. WTF does the cryptic realtor speak "just sold in two weeks" supposedly mean?

Yeah, if a home sold recently, "this home sold within the past two weeks", but it didn't "just take two weeks to sell"…

See, this is why realtors have such a bad rap.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It's the ones right on the road or with 4+ peering neighbors that are sitting.

 

I just re-read this posting from an assumed realtor (SDRE4ME), and found the line ironic. " 10707 Heather Ridge sold in just two weeks"

 

This home was listed BACK IN 2007. WTF does the cryptic realtor speak "just sold in two weeks" supposedly mean?

Yeah, if a home sold recently, "this home sold within the past two weeks", but it didn't "just take two weeks to sell"…

See, this is why realtors have such a bad rap.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It's the ones right on the road or with 4+ peering neighbors that are sitting.

 

I just re-read this posting from an assumed realtor (SDRE4ME), and found the line ironic. " 10707 Heather Ridge sold in just two weeks"

 

This home was listed BACK IN 2007. WTF does the cryptic realtor speak "just sold in two weeks" supposedly mean?

Yeah, if a home sold recently, "this home sold within the past two weeks", but it didn't "just take two weeks to sell"…

See, this is why realtors have such a bad rap.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

10707 Heather Ridge sold in just two weeks for close to 1 million 50 thousand and two others are pending. Those with large lots and killer upgrades have no issue selling. It's the ones right on the road or with 4+ peering neighbors that are sitting.

 

I just re-read this posting from an assumed realtor (SDRE4ME), and found the line ironic. " 10707 Heather Ridge sold in just two weeks"

 

This home was listed BACK IN 2007. WTF does the cryptic realtor speak "just sold in two weeks" supposedly mean?

Yeah, if a home sold recently, "this home sold within the past two weeks", but it didn't "just take two weeks to sell"…

See, this is why realtors have such a bad rap.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

This just in….

Another Pardee Home up for sale: MLS 081037129

http://www.sdlookup.com/MLS-081037129-10778_Heather_Ridge_Dr_San_Diego_Ca_92130

10778 HEATHER RIDGE DRIVE: This one is at Derby Hills.

"Brand New Plan 3 on corner lot in Derby Hills"

For the incredible, bargain bargain bargain price of $1.479million, complete with all the natural landscaping of "Yellow Sand" and Carmel Valley "Earthly" rock stones.

Step right up, step right up. This deal won't last long. Plenty of rich foreign buyers and folks with wads of stock options and startup cash lining up for this ones. The envy of nearby middle class Saratoga homeowners who dream that one day they too can live the fabulous CV snooty DH lifestyle. Forget about losing $100k in equity, just don't do any landscaping. Heck if you need to sell it in 2.5 years, who needs grass anyway? Plus landscaping can be affordably purchased used from craiglist and foreclosure garage sales. Why buy new when you can own preowned landscaping at a fraction of the cost? We'll even help you chip away that old flagstone and haul and move it to your new home.

This deal won't last long. As you many know, there are several Saratoga wannabes that will readily take a $100k loss to "upgrade" to this home, so first come first serve.

Gosh, I thought there was so much demand at DH, things would be sold out 🙂

 

You think that the owner over at 5241 BRICKFIELD LN in saratoga with 2724 sqft is gonna have a tough time selling at $1.4 million maybe?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Cardinal]

I don’t post very often even though I read this forum religiously, but just want to clear up a bit of misinformation on this thread and add some “inside” observations. Please don’t flame me, but I have an interest in Carmel Valley real estate (yes, even in this market), and have actually visited the homes recently for sale in Saratoga and spoken with a couple of the agents/owners as well as some neighbors.

SDRE4ME actually is correct that the sellers of 10707 Heather Ridge upgraded to a Derby Hill home while the sellers of 5281 Foxborough are looking to upgrade to a larger home closer to their daughter’s private school, Horizon Prep in Rancho Santa Fe. This really shouldn’t be a surprise, since it’s usually easier to move up in a bear market, right (the same proportional decline in value translates to more absolute dollars saved)? The sellers of 10704 Heather Ridge are going through a divorce, as are the sellers of 5241 Brickfield. The seller of 5274 Foxborough never really lived in the home – it was a flip gone bad for him. He is now living with his girlfriend. Finally, the seller of 10687 Heather Ridge is ALSO the listing agent (the wife has a real estate license), which is why there is a FSBO sign in the front. The husband is working in Orange County, and they would like to move closer to his office, but are willing to wait out the market (they have a fixed mortgage and owe very little on it).

Now for the corrections… As others on this thread have pointed out, SDRE4ME is incorrect that 10707 Heather Ridge sold in 2 weeks. It was first offered FSBO in November of last year, then went through 2 rounds on the MLS (change of brokers) before it went into escrow in March.

I need to correct FLU a bit, as well. 10744 Heather Ridge WAS a model home (the Plan 3 model), and was sold by Pardee’s agents for $988K with landscaping. I’m not sure who paid the original $1.012MM purchase price in September 2005 (probably an investor that then leased the home to Pardee for use as the model home – common practice in the industry). 5108 Great Meadow, the other Pardee offering which sold for $950K, was the home with no landscaping.

My point in sharing all this information is to illustrate the wide range of reasons people sell in a bear market. It’s a mistake to make blanket assumptions. 3 of the 6 Saratoga resellers did/do have to sell, but the other half did/do NOT.

OK, that was a long post – hopefully I added some value to the thread. Back to lurking now…

[Coronita]

Cardinal,

 

No , i won't flame you.

Cardinal,

No, I won't flame you  That was pretty good post. And I stand corrected on the model. I figured I mixed the two up, forgot which 900k ish home was which.

 

Here was my problem with this sort of the original post

"The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the "bridge" factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck."

I don't think that folks ever said CV is falling like a brick.  But the portray of a "strong sales" don't add up. You seemed to confirm a few things. You have some folks that upgraded, some folks that went in over their head, some that speculated, and some folks that are unfortunately getting a divorce (who probably went in over their head to save the marriage, like I sort of alluded to earlier). How this translates into words like "majority", "strong", "two-weeks on the market", I have no idea. Just still trying to learn this new realtor speak. That rich first own still lost money on the home. I'm still trying to figure out a way to interprit this as meaning "strong sales". Ok so the couple has money, how is that related to a home holding value, which obviously from the sales price isn't indicative of this? It's not a 20-30% drop like some places, I agree. But I hardly call this "holding value" by the definition of what holding value being <= original purchase price. Perhaps in realtor speak, there's another meaning to that word.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

 

[Coronita]

Cardinal,

 

No , i won't flame you.

Cardinal,

No, I won't flame you  That was pretty good post. And I stand corrected on the model. I figured I mixed the two up, forgot which 900k ish home was which.

 

Here was my problem with this sort of the original post

"The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the "bridge" factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck."

I don't think that folks ever said CV is falling like a brick.  But the portray of a "strong sales" don't add up. You seemed to confirm a few things. You have some folks that upgraded, some folks that went in over their head, some that speculated, and some folks that are unfortunately getting a divorce (who probably went in over their head to save the marriage, like I sort of alluded to earlier). How this translates into words like "majority", "strong", "two-weeks on the market", I have no idea. Just still trying to learn this new realtor speak. That rich first own still lost money on the home. I'm still trying to figure out a way to interprit this as meaning "strong sales". Ok so the couple has money, how is that related to a home holding value, which obviously from the sales price isn't indicative of this? It's not a 20-30% drop like some places, I agree. But I hardly call this "holding value" by the definition of what holding value being <= original purchase price. Perhaps in realtor speak, there's another meaning to that word.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

 

[Coronita]

Cardinal,

 

No , i won't flame you.

Cardinal,

No, I won't flame you  That was pretty good post. And I stand corrected on the model. I figured I mixed the two up, forgot which 900k ish home was which.

 

Here was my problem with this sort of the original post

"The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the "bridge" factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck."

I don't think that folks ever said CV is falling like a brick.  But the portray of a "strong sales" don't add up. You seemed to confirm a few things. You have some folks that upgraded, some folks that went in over their head, some that speculated, and some folks that are unfortunately getting a divorce (who probably went in over their head to save the marriage, like I sort of alluded to earlier). How this translates into words like "majority", "strong", "two-weeks on the market", I have no idea. Just still trying to learn this new realtor speak. That rich first own still lost money on the home. I'm still trying to figure out a way to interprit this as meaning "strong sales". Ok so the couple has money, how is that related to a home holding value, which obviously from the sales price isn't indicative of this? It's not a 20-30% drop like some places, I agree. But I hardly call this "holding value" by the definition of what holding value being <= original purchase price. Perhaps in realtor speak, there's another meaning to that word.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

 

[Coronita]

Cardinal,

 

No , i won't flame you.

Cardinal,

No, I won't flame you  That was pretty good post. And I stand corrected on the model. I figured I mixed the two up, forgot which 900k ish home was which.

 

Here was my problem with this sort of the original post

"The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the "bridge" factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck."

I don't think that folks ever said CV is falling like a brick.  But the portray of a "strong sales" don't add up. You seemed to confirm a few things. You have some folks that upgraded, some folks that went in over their head, some that speculated, and some folks that are unfortunately getting a divorce (who probably went in over their head to save the marriage, like I sort of alluded to earlier). How this translates into words like "majority", "strong", "two-weeks on the market", I have no idea. Just still trying to learn this new realtor speak. That rich first own still lost money on the home. I'm still trying to figure out a way to interprit this as meaning "strong sales". Ok so the couple has money, how is that related to a home holding value, which obviously from the sales price isn't indicative of this? It's not a 20-30% drop like some places, I agree. But I hardly call this "holding value" by the definition of what holding value being <= original purchase price. Perhaps in realtor speak, there's another meaning to that word.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

 

[Coronita]

Cardinal,

 

No , i won't flame you.

Cardinal,

No, I won't flame you  That was pretty good post. And I stand corrected on the model. I figured I mixed the two up, forgot which 900k ish home was which.

 

Here was my problem with this sort of the original post

"The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the "bridge" factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck."

I don't think that folks ever said CV is falling like a brick.  But the portray of a "strong sales" don't add up. You seemed to confirm a few things. You have some folks that upgraded, some folks that went in over their head, some that speculated, and some folks that are unfortunately getting a divorce (who probably went in over their head to save the marriage, like I sort of alluded to earlier). How this translates into words like "majority", "strong", "two-weeks on the market", I have no idea. Just still trying to learn this new realtor speak. That rich first own still lost money on the home. I'm still trying to figure out a way to interprit this as meaning "strong sales". Ok so the couple has money, how is that related to a home holding value, which obviously from the sales price isn't indicative of this? It's not a 20-30% drop like some places, I agree. But I hardly call this "holding value" by the definition of what holding value being <= original purchase price. Perhaps in realtor speak, there's another meaning to that word.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

 

[Cardinal]

I don’t post very often even though I read this forum religiously, but just want to clear up a bit of misinformation on this thread and add some “inside” observations. Please don’t flame me, but I have an interest in Carmel Valley real estate (yes, even in this market), and have actually visited the homes recently for sale in Saratoga and spoken with a couple of the agents/owners as well as some neighbors.

SDRE4ME actually is correct that the sellers of 10707 Heather Ridge upgraded to a Derby Hill home while the sellers of 5281 Foxborough are looking to upgrade to a larger home closer to their daughter’s private school, Horizon Prep in Rancho Santa Fe. This really shouldn’t be a surprise, since it’s usually easier to move up in a bear market, right (the same proportional decline in value translates to more absolute dollars saved)? The sellers of 10704 Heather Ridge are going through a divorce, as are the sellers of 5241 Brickfield. The seller of 5274 Foxborough never really lived in the home – it was a flip gone bad for him. He is now living with his girlfriend. Finally, the seller of 10687 Heather Ridge is ALSO the listing agent (the wife has a real estate license), which is why there is a FSBO sign in the front. The husband is working in Orange County, and they would like to move closer to his office, but are willing to wait out the market (they have a fixed mortgage and owe very little on it).

Now for the corrections… As others on this thread have pointed out, SDRE4ME is incorrect that 10707 Heather Ridge sold in 2 weeks. It was first offered FSBO in November of last year, then went through 2 rounds on the MLS (change of brokers) before it went into escrow in March.

I need to correct FLU a bit, as well. 10744 Heather Ridge WAS a model home (the Plan 3 model), and was sold by Pardee’s agents for $988K with landscaping. I’m not sure who paid the original $1.012MM purchase price in September 2005 (probably an investor that then leased the home to Pardee for use as the model home – common practice in the industry). 5108 Great Meadow, the other Pardee offering which sold for $950K, was the home with no landscaping.

My point in sharing all this information is to illustrate the wide range of reasons people sell in a bear market. It’s a mistake to make blanket assumptions. 3 of the 6 Saratoga resellers did/do have to sell, but the other half did/do NOT.

OK, that was a long post – hopefully I added some value to the thread. Back to lurking now…

[Cardinal]

I don’t post very often even though I read this forum religiously, but just want to clear up a bit of misinformation on this thread and add some “inside” observations. Please don’t flame me, but I have an interest in Carmel Valley real estate (yes, even in this market), and have actually visited the homes recently for sale in Saratoga and spoken with a couple of the agents/owners as well as some neighbors.

SDRE4ME actually is correct that the sellers of 10707 Heather Ridge upgraded to a Derby Hill home while the sellers of 5281 Foxborough are looking to upgrade to a larger home closer to their daughter’s private school, Horizon Prep in Rancho Santa Fe. This really shouldn’t be a surprise, since it’s usually easier to move up in a bear market, right (the same proportional decline in value translates to more absolute dollars saved)? The sellers of 10704 Heather Ridge are going through a divorce, as are the sellers of 5241 Brickfield. The seller of 5274 Foxborough never really lived in the home – it was a flip gone bad for him. He is now living with his girlfriend. Finally, the seller of 10687 Heather Ridge is ALSO the listing agent (the wife has a real estate license), which is why there is a FSBO sign in the front. The husband is working in Orange County, and they would like to move closer to his office, but are willing to wait out the market (they have a fixed mortgage and owe very little on it).

Now for the corrections… As others on this thread have pointed out, SDRE4ME is incorrect that 10707 Heather Ridge sold in 2 weeks. It was first offered FSBO in November of last year, then went through 2 rounds on the MLS (change of brokers) before it went into escrow in March.

I need to correct FLU a bit, as well. 10744 Heather Ridge WAS a model home (the Plan 3 model), and was sold by Pardee’s agents for $988K with landscaping. I’m not sure who paid the original $1.012MM purchase price in September 2005 (probably an investor that then leased the home to Pardee for use as the model home – common practice in the industry). 5108 Great Meadow, the other Pardee offering which sold for $950K, was the home with no landscaping.

My point in sharing all this information is to illustrate the wide range of reasons people sell in a bear market. It’s a mistake to make blanket assumptions. 3 of the 6 Saratoga resellers did/do have to sell, but the other half did/do NOT.

OK, that was a long post – hopefully I added some value to the thread. Back to lurking now…

[Cardinal]

I don’t post very often even though I read this forum religiously, but just want to clear up a bit of misinformation on this thread and add some “inside” observations. Please don’t flame me, but I have an interest in Carmel Valley real estate (yes, even in this market), and have actually visited the homes recently for sale in Saratoga and spoken with a couple of the agents/owners as well as some neighbors.

SDRE4ME actually is correct that the sellers of 10707 Heather Ridge upgraded to a Derby Hill home while the sellers of 5281 Foxborough are looking to upgrade to a larger home closer to their daughter’s private school, Horizon Prep in Rancho Santa Fe. This really shouldn’t be a surprise, since it’s usually easier to move up in a bear market, right (the same proportional decline in value translates to more absolute dollars saved)? The sellers of 10704 Heather Ridge are going through a divorce, as are the sellers of 5241 Brickfield. The seller of 5274 Foxborough never really lived in the home – it was a flip gone bad for him. He is now living with his girlfriend. Finally, the seller of 10687 Heather Ridge is ALSO the listing agent (the wife has a real estate license), which is why there is a FSBO sign in the front. The husband is working in Orange County, and they would like to move closer to his office, but are willing to wait out the market (they have a fixed mortgage and owe very little on it).

Now for the corrections… As others on this thread have pointed out, SDRE4ME is incorrect that 10707 Heather Ridge sold in 2 weeks. It was first offered FSBO in November of last year, then went through 2 rounds on the MLS (change of brokers) before it went into escrow in March.

I need to correct FLU a bit, as well. 10744 Heather Ridge WAS a model home (the Plan 3 model), and was sold by Pardee’s agents for $988K with landscaping. I’m not sure who paid the original $1.012MM purchase price in September 2005 (probably an investor that then leased the home to Pardee for use as the model home – common practice in the industry). 5108 Great Meadow, the other Pardee offering which sold for $950K, was the home with no landscaping.

My point in sharing all this information is to illustrate the wide range of reasons people sell in a bear market. It’s a mistake to make blanket assumptions. 3 of the 6 Saratoga resellers did/do have to sell, but the other half did/do NOT.

OK, that was a long post – hopefully I added some value to the thread. Back to lurking now…

[Cardinal]

I don’t post very often even though I read this forum religiously, but just want to clear up a bit of misinformation on this thread and add some “inside” observations. Please don’t flame me, but I have an interest in Carmel Valley real estate (yes, even in this market), and have actually visited the homes recently for sale in Saratoga and spoken with a couple of the agents/owners as well as some neighbors.

SDRE4ME actually is correct that the sellers of 10707 Heather Ridge upgraded to a Derby Hill home while the sellers of 5281 Foxborough are looking to upgrade to a larger home closer to their daughter’s private school, Horizon Prep in Rancho Santa Fe. This really shouldn’t be a surprise, since it’s usually easier to move up in a bear market, right (the same proportional decline in value translates to more absolute dollars saved)? The sellers of 10704 Heather Ridge are going through a divorce, as are the sellers of 5241 Brickfield. The seller of 5274 Foxborough never really lived in the home – it was a flip gone bad for him. He is now living with his girlfriend. Finally, the seller of 10687 Heather Ridge is ALSO the listing agent (the wife has a real estate license), which is why there is a FSBO sign in the front. The husband is working in Orange County, and they would like to move closer to his office, but are willing to wait out the market (they have a fixed mortgage and owe very little on it).

Now for the corrections… As others on this thread have pointed out, SDRE4ME is incorrect that 10707 Heather Ridge sold in 2 weeks. It was first offered FSBO in November of last year, then went through 2 rounds on the MLS (change of brokers) before it went into escrow in March.

I need to correct FLU a bit, as well. 10744 Heather Ridge WAS a model home (the Plan 3 model), and was sold by Pardee’s agents for $988K with landscaping. I’m not sure who paid the original $1.012MM purchase price in September 2005 (probably an investor that then leased the home to Pardee for use as the model home – common practice in the industry). 5108 Great Meadow, the other Pardee offering which sold for $950K, was the home with no landscaping.

My point in sharing all this information is to illustrate the wide range of reasons people sell in a bear market. It’s a mistake to make blanket assumptions. 3 of the 6 Saratoga resellers did/do have to sell, but the other half did/do NOT.

OK, that was a long post – hopefully I added some value to the thread. Back to lurking now…

[Coronita]

This just in….

Another Pardee Home up for sale: MLS 081037129

http://www.sdlookup.com/MLS-081037129-10778_Heather_Ridge_Dr_San_Diego_Ca_92130

10778 HEATHER RIDGE DRIVE: This one is at Derby Hills.

"Brand New Plan 3 on corner lot in Derby Hills"

For the incredible, bargain bargain bargain price of $1.479million, complete with all the natural landscaping of "Yellow Sand" and Carmel Valley "Earthly" rock stones.

Step right up, step right up. This deal won't last long. Plenty of rich foreign buyers and folks with wads of stock options and startup cash lining up for this ones. The envy of nearby middle class Saratoga homeowners who dream that one day they too can live the fabulous CV snooty DH lifestyle. Forget about losing $100k in equity, just don't do any landscaping. Heck if you need to sell it in 2.5 years, who needs grass anyway? Plus landscaping can be affordably purchased used from craiglist and foreclosure garage sales. Why buy new when you can own preowned landscaping at a fraction of the cost? We'll even help you chip away that old flagstone and haul and move it to your new home.

This deal won't last long. As you many know, there are several Saratoga wannabes that will readily take a $100k loss to "upgrade" to this home, so first come first serve.

Gosh, I thought there was so much demand at DH, things would be sold out 🙂

 

You think that the owner over at 5241 BRICKFIELD LN in saratoga with 2724 sqft is gonna have a tough time selling at $1.4 million maybe?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

This just in….

Another Pardee Home up for sale: MLS 081037129

http://www.sdlookup.com/MLS-081037129-10778_Heather_Ridge_Dr_San_Diego_Ca_92130

10778 HEATHER RIDGE DRIVE: This one is at Derby Hills.

"Brand New Plan 3 on corner lot in Derby Hills"

For the incredible, bargain bargain bargain price of $1.479million, complete with all the natural landscaping of "Yellow Sand" and Carmel Valley "Earthly" rock stones.

Step right up, step right up. This deal won't last long. Plenty of rich foreign buyers and folks with wads of stock options and startup cash lining up for this ones. The envy of nearby middle class Saratoga homeowners who dream that one day they too can live the fabulous CV snooty DH lifestyle. Forget about losing $100k in equity, just don't do any landscaping. Heck if you need to sell it in 2.5 years, who needs grass anyway? Plus landscaping can be affordably purchased used from craiglist and foreclosure garage sales. Why buy new when you can own preowned landscaping at a fraction of the cost? We'll even help you chip away that old flagstone and haul and move it to your new home.

This deal won't last long. As you many know, there are several Saratoga wannabes that will readily take a $100k loss to "upgrade" to this home, so first come first serve.

Gosh, I thought there was so much demand at DH, things would be sold out 🙂

 

You think that the owner over at 5241 BRICKFIELD LN in saratoga with 2724 sqft is gonna have a tough time selling at $1.4 million maybe?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

This just in….

Another Pardee Home up for sale: MLS 081037129

http://www.sdlookup.com/MLS-081037129-10778_Heather_Ridge_Dr_San_Diego_Ca_92130

10778 HEATHER RIDGE DRIVE: This one is at Derby Hills.

"Brand New Plan 3 on corner lot in Derby Hills"

For the incredible, bargain bargain bargain price of $1.479million, complete with all the natural landscaping of "Yellow Sand" and Carmel Valley "Earthly" rock stones.

Step right up, step right up. This deal won't last long. Plenty of rich foreign buyers and folks with wads of stock options and startup cash lining up for this ones. The envy of nearby middle class Saratoga homeowners who dream that one day they too can live the fabulous CV snooty DH lifestyle. Forget about losing $100k in equity, just don't do any landscaping. Heck if you need to sell it in 2.5 years, who needs grass anyway? Plus landscaping can be affordably purchased used from craiglist and foreclosure garage sales. Why buy new when you can own preowned landscaping at a fraction of the cost? We'll even help you chip away that old flagstone and haul and move it to your new home.

This deal won't last long. As you many know, there are several Saratoga wannabes that will readily take a $100k loss to "upgrade" to this home, so first come first serve.

Gosh, I thought there was so much demand at DH, things would be sold out 🙂

 

You think that the owner over at 5241 BRICKFIELD LN in saratoga with 2724 sqft is gonna have a tough time selling at $1.4 million maybe?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

This just in….

Another Pardee Home up for sale: MLS 081037129

http://www.sdlookup.com/MLS-081037129-10778_Heather_Ridge_Dr_San_Diego_Ca_92130

10778 HEATHER RIDGE DRIVE: This one is at Derby Hills.

"Brand New Plan 3 on corner lot in Derby Hills"

For the incredible, bargain bargain bargain price of $1.479million, complete with all the natural landscaping of "Yellow Sand" and Carmel Valley "Earthly" rock stones.

Step right up, step right up. This deal won't last long. Plenty of rich foreign buyers and folks with wads of stock options and startup cash lining up for this ones. The envy of nearby middle class Saratoga homeowners who dream that one day they too can live the fabulous CV snooty DH lifestyle. Forget about losing $100k in equity, just don't do any landscaping. Heck if you need to sell it in 2.5 years, who needs grass anyway? Plus landscaping can be affordably purchased used from craiglist and foreclosure garage sales. Why buy new when you can own preowned landscaping at a fraction of the cost? We'll even help you chip away that old flagstone and haul and move it to your new home.

This deal won't last long. As you many know, there are several Saratoga wannabes that will readily take a $100k loss to "upgrade" to this home, so first come first serve.

Gosh, I thought there was so much demand at DH, things would be sold out 🙂

 

You think that the owner over at 5241 BRICKFIELD LN in saratoga with 2724 sqft is gonna have a tough time selling at $1.4 million maybe?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

Posts