300K Price Increase?

[fencesitter123]

It was interesting to see a price increase in this market. This house in the Heritage in Poway: 14360 Ciera Ct:Price increased on 5 bed 6.5 bath home to $2,895,000 Price Increased: 10/24/2007 from $2,595,000 to $2,895,000.

[cr]

Maybe it was a $700,000 typo.

[cr]

Maybe it was a $700,000 typo.

[cr]

Maybe it was a $700,000 typo.

[Drew]

Or possibly a greedy asshole thinking that the loss of homes to the fire would allow him to increase his price. I believe that this is what happened in the Scripps Ranch area after the Cedar fire. Only this time, there are 4x the number of available homes on the market.

[Drew]

Or possibly a greedy asshole thinking that the loss of homes to the fire would allow him to increase his price. I believe that this is what happened in the Scripps Ranch area after the Cedar fire. Only this time, there are 4x the number of available homes on the market.

[Drew]

Or possibly a greedy asshole thinking that the loss of homes to the fire would allow him to increase his price. I believe that this is what happened in the Scripps Ranch area after the Cedar fire. Only this time, there are 4x the number of available homes on the market.

[CarlsbadMtnBiker]

I agree with Drew. There were many high value homes lost in that area and those high net worth families may elect to simply repurchase elsewhere (but remain local) with the actual cash value settlement of their insurance policy. This may be less stressful than going through a lengthy rebuild effort.

I expected this sort of micro economics after this fire. I beleive rents have already spiked locally.

I also think many agree that this sector of the market has been less affected by the housing downturn as well.

[CarlsbadMtnBiker]

I agree with Drew. There were many high value homes lost in that area and those high net worth families may elect to simply repurchase elsewhere (but remain local) with the actual cash value settlement of their insurance policy. This may be less stressful than going through a lengthy rebuild effort.

I expected this sort of micro economics after this fire. I beleive rents have already spiked locally.

I also think many agree that this sector of the market has been less affected by the housing downturn as well.

[CarlsbadMtnBiker]

I agree with Drew. There were many high value homes lost in that area and those high net worth families may elect to simply repurchase elsewhere (but remain local) with the actual cash value settlement of their insurance policy. This may be less stressful than going through a lengthy rebuild effort.

I expected this sort of micro economics after this fire. I beleive rents have already spiked locally.

I also think many agree that this sector of the market has been less affected by the housing downturn as well.

[Author]

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