11306 W San Raphael Driveway, Carmel valley

[Coronita]

[quote=Tritium]Thanks for the information. Without seeing the house, just compare to recent sale in the same complex (http://www.sdlookup.com/Property-8ECA0327-3738_Ruette_San_Raphael_San_Diego_CA_92130), it did look like a good deal. But if it is trashed, no upgrade, near El Camino Real, then it is not that a good deal after all.

It seems that Carmel valley is not immune any more with these listings and some recent sales, such as this one:
http://www.sdlookup.com/Property-0458391E-4726_Caminito_Lapiz_San_Diego_CA_92130.

Date Price Held Return Annual
11/07/2008 $637,290 4y -13% -3%
10/19/2004 $735,000 4y 2m 52% 10%
07/28/2000 $485,000 2y 3m 58% 22%
04/08/1998 $306,028 n/a – –

[/quote]

The link you posted is a Townhome/condo. Townhome/condo’s have not been holding value in CV for a long time now. SFH until recently have faired better.

[sdrealtor]

I was curious about CV so I ran some quick numbers on homes up to $1.5M. I hadnt checked in and based upon the claims CV is crumbling I expected to find a rough situation. Here’s what I found.

128 homes on the market

27 in escrow

73 closed in last 3 months (average about 25/month)

Doesnt look so bad to me for a crumbling market at the slowest time of year. If I tore into the numbers more I suspect I could find some signs of weakness but certainly not a market showing any signs of collapse. There also seemed to be alot more homes under 900k then I remember seeing in quite some time so clearly prices have fallen. My guess is they will get quickly snapped up after the Super Bowl when buyers come back in the game and find lower prices. I guess we’ll have to wait and see.

[sdrealtor]

I was curious about CV so I ran some quick numbers on homes up to $1.5M. I hadnt checked in and based upon the claims CV is crumbling I expected to find a rough situation. Here’s what I found.

128 homes on the market

27 in escrow

73 closed in last 3 months (average about 25/month)

Doesnt look so bad to me for a crumbling market at the slowest time of year. If I tore into the numbers more I suspect I could find some signs of weakness but certainly not a market showing any signs of collapse. There also seemed to be alot more homes under 900k then I remember seeing in quite some time so clearly prices have fallen. My guess is they will get quickly snapped up after the Super Bowl when buyers come back in the game and find lower prices. I guess we’ll have to wait and see.

[sdrealtor]

I was curious about CV so I ran some quick numbers on homes up to $1.5M. I hadnt checked in and based upon the claims CV is crumbling I expected to find a rough situation. Here’s what I found.

128 homes on the market

27 in escrow

73 closed in last 3 months (average about 25/month)

Doesnt look so bad to me for a crumbling market at the slowest time of year. If I tore into the numbers more I suspect I could find some signs of weakness but certainly not a market showing any signs of collapse. There also seemed to be alot more homes under 900k then I remember seeing in quite some time so clearly prices have fallen. My guess is they will get quickly snapped up after the Super Bowl when buyers come back in the game and find lower prices. I guess we’ll have to wait and see.

[sdrealtor]

I was curious about CV so I ran some quick numbers on homes up to $1.5M. I hadnt checked in and based upon the claims CV is crumbling I expected to find a rough situation. Here’s what I found.

128 homes on the market

27 in escrow

73 closed in last 3 months (average about 25/month)

Doesnt look so bad to me for a crumbling market at the slowest time of year. If I tore into the numbers more I suspect I could find some signs of weakness but certainly not a market showing any signs of collapse. There also seemed to be alot more homes under 900k then I remember seeing in quite some time so clearly prices have fallen. My guess is they will get quickly snapped up after the Super Bowl when buyers come back in the game and find lower prices. I guess we’ll have to wait and see.

[sdrealtor]

I was curious about CV so I ran some quick numbers on homes up to $1.5M. I hadnt checked in and based upon the claims CV is crumbling I expected to find a rough situation. Here’s what I found.

128 homes on the market

27 in escrow

73 closed in last 3 months (average about 25/month)

Doesnt look so bad to me for a crumbling market at the slowest time of year. If I tore into the numbers more I suspect I could find some signs of weakness but certainly not a market showing any signs of collapse. There also seemed to be alot more homes under 900k then I remember seeing in quite some time so clearly prices have fallen. My guess is they will get quickly snapped up after the Super Bowl when buyers come back in the game and find lower prices. I guess we’ll have to wait and see.

[Author]

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