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Coronita.
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January 21, 2009 at 5:23 PM #333204January 21, 2009 at 11:24 PM #332890
Anonymous
GuestI looked at several homes in the neighborhood…this house (Jordan Ridge) was the worst of the bunch. Very small backyard (even in comparison to others in the neighborhood), with very minimal landscaping (dead/dying shrubs). Inside, the floors were in bad condition, optional downstairs bedroom had been converted to an odd/out of place TV room (would have to walk past front door to get to bathroom), and kitchen needed work (new appliances and counters at least, if not also new cabinets). House is/was going to need 100-150K of work to bring up to date, so sale price was probably about right.
January 21, 2009 at 11:24 PM #333418GuestI looked at several homes in the neighborhood…this house (Jordan Ridge) was the worst of the bunch. Very small backyard (even in comparison to others in the neighborhood), with very minimal landscaping (dead/dying shrubs). Inside, the floors were in bad condition, optional downstairs bedroom had been converted to an odd/out of place TV room (would have to walk past front door to get to bathroom), and kitchen needed work (new appliances and counters at least, if not also new cabinets). House is/was going to need 100-150K of work to bring up to date, so sale price was probably about right.
January 21, 2009 at 11:24 PM #333335GuestI looked at several homes in the neighborhood…this house (Jordan Ridge) was the worst of the bunch. Very small backyard (even in comparison to others in the neighborhood), with very minimal landscaping (dead/dying shrubs). Inside, the floors were in bad condition, optional downstairs bedroom had been converted to an odd/out of place TV room (would have to walk past front door to get to bathroom), and kitchen needed work (new appliances and counters at least, if not also new cabinets). House is/was going to need 100-150K of work to bring up to date, so sale price was probably about right.
January 21, 2009 at 11:24 PM #333306GuestI looked at several homes in the neighborhood…this house (Jordan Ridge) was the worst of the bunch. Very small backyard (even in comparison to others in the neighborhood), with very minimal landscaping (dead/dying shrubs). Inside, the floors were in bad condition, optional downstairs bedroom had been converted to an odd/out of place TV room (would have to walk past front door to get to bathroom), and kitchen needed work (new appliances and counters at least, if not also new cabinets). House is/was going to need 100-150K of work to bring up to date, so sale price was probably about right.
January 21, 2009 at 11:24 PM #333225GuestI looked at several homes in the neighborhood…this house (Jordan Ridge) was the worst of the bunch. Very small backyard (even in comparison to others in the neighborhood), with very minimal landscaping (dead/dying shrubs). Inside, the floors were in bad condition, optional downstairs bedroom had been converted to an odd/out of place TV room (would have to walk past front door to get to bathroom), and kitchen needed work (new appliances and counters at least, if not also new cabinets). House is/was going to need 100-150K of work to bring up to date, so sale price was probably about right.
January 21, 2009 at 11:29 PM #333236GuestActually, SFH prices in CV have been and are continuing to hold up well. Condo/townhome prices are where the beating is taking place. My wife and I just sold 3BD/2.5BA TH in CV for ~$460K (comp peak pricing ~$530 in 2006). We still did fine as we had bought in 2000.
January 21, 2009 at 11:29 PM #333317GuestActually, SFH prices in CV have been and are continuing to hold up well. Condo/townhome prices are where the beating is taking place. My wife and I just sold 3BD/2.5BA TH in CV for ~$460K (comp peak pricing ~$530 in 2006). We still did fine as we had bought in 2000.
January 21, 2009 at 11:29 PM #333345GuestActually, SFH prices in CV have been and are continuing to hold up well. Condo/townhome prices are where the beating is taking place. My wife and I just sold 3BD/2.5BA TH in CV for ~$460K (comp peak pricing ~$530 in 2006). We still did fine as we had bought in 2000.
January 21, 2009 at 11:29 PM #332900GuestActually, SFH prices in CV have been and are continuing to hold up well. Condo/townhome prices are where the beating is taking place. My wife and I just sold 3BD/2.5BA TH in CV for ~$460K (comp peak pricing ~$530 in 2006). We still did fine as we had bought in 2000.
January 21, 2009 at 11:29 PM #333428GuestActually, SFH prices in CV have been and are continuing to hold up well. Condo/townhome prices are where the beating is taking place. My wife and I just sold 3BD/2.5BA TH in CV for ~$460K (comp peak pricing ~$530 in 2006). We still did fine as we had bought in 2000.
January 22, 2009 at 6:51 AM #333308CoronitaParticipant[quote=ireman]Actually, SFH prices in CV have been and are continuing to hold up well. Condo/townhome prices are where the beating is taking place. My wife and I just sold 3BD/2.5BA TH in CV for ~$460K (comp peak pricing ~$530 in 2006). We still did fine as we had bought in 2000.[/quote]
AN, as ireman said, the ouch ouch was on the townhomes. I’d say “pinch” on SFH right now.
The ouch came because a few months ago, I was joking with my wife if we see low $400 or high $300 on a 3/3 townhome, we could buy it back in today’s dollar which would be considerably less than than yesterday’s dollars when the purchase was at low $300. She was laughing and saying “no way this was gonna happen”. Having showed her the one that closed at $430k, she wasn’t laughing anymore. Still waiting for these townhomes to fall under $400k. Using the 430k townhome that closed, that’s 34% from peak. ouch.January 22, 2009 at 6:51 AM #332975CoronitaParticipant[quote=ireman]Actually, SFH prices in CV have been and are continuing to hold up well. Condo/townhome prices are where the beating is taking place. My wife and I just sold 3BD/2.5BA TH in CV for ~$460K (comp peak pricing ~$530 in 2006). We still did fine as we had bought in 2000.[/quote]
AN, as ireman said, the ouch ouch was on the townhomes. I’d say “pinch” on SFH right now.
The ouch came because a few months ago, I was joking with my wife if we see low $400 or high $300 on a 3/3 townhome, we could buy it back in today’s dollar which would be considerably less than than yesterday’s dollars when the purchase was at low $300. She was laughing and saying “no way this was gonna happen”. Having showed her the one that closed at $430k, she wasn’t laughing anymore. Still waiting for these townhomes to fall under $400k. Using the 430k townhome that closed, that’s 34% from peak. ouch.January 22, 2009 at 6:51 AM #333392CoronitaParticipant[quote=ireman]Actually, SFH prices in CV have been and are continuing to hold up well. Condo/townhome prices are where the beating is taking place. My wife and I just sold 3BD/2.5BA TH in CV for ~$460K (comp peak pricing ~$530 in 2006). We still did fine as we had bought in 2000.[/quote]
AN, as ireman said, the ouch ouch was on the townhomes. I’d say “pinch” on SFH right now.
The ouch came because a few months ago, I was joking with my wife if we see low $400 or high $300 on a 3/3 townhome, we could buy it back in today’s dollar which would be considerably less than than yesterday’s dollars when the purchase was at low $300. She was laughing and saying “no way this was gonna happen”. Having showed her the one that closed at $430k, she wasn’t laughing anymore. Still waiting for these townhomes to fall under $400k. Using the 430k townhome that closed, that’s 34% from peak. ouch.January 22, 2009 at 6:51 AM #333419CoronitaParticipant[quote=ireman]Actually, SFH prices in CV have been and are continuing to hold up well. Condo/townhome prices are where the beating is taking place. My wife and I just sold 3BD/2.5BA TH in CV for ~$460K (comp peak pricing ~$530 in 2006). We still did fine as we had bought in 2000.[/quote]
AN, as ireman said, the ouch ouch was on the townhomes. I’d say “pinch” on SFH right now.
The ouch came because a few months ago, I was joking with my wife if we see low $400 or high $300 on a 3/3 townhome, we could buy it back in today’s dollar which would be considerably less than than yesterday’s dollars when the purchase was at low $300. She was laughing and saying “no way this was gonna happen”. Having showed her the one that closed at $430k, she wasn’t laughing anymore. Still waiting for these townhomes to fall under $400k. Using the 430k townhome that closed, that’s 34% from peak. ouch. -
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