4900 sq ft REO In La Costa for mid $800’s

[poway_seller]

“sdrealtor, that house on Citrine originally sold for 1.331M without landscaping. If it brought 850k that is 36% off peak price. That leaves only 14% more to get to 50% off peak.”

Permeliza, hate to break it to you, but to get to 50% off 1.331, from the current 850k, is another 22%, not simply another 14% from the current 36% decline. (14% more is 45% off the peak)

50% of 1.331 is $665
$850 to $665 is $185
$185 is 22% of $850

If this wasn’t a board full of engineers I would have left that one alone.

[pemeliza]

Poway_Seller, of course I was talking about 14% additional from the peak price. But thanks for pointing this out in case someone else misinterpreted it.

50% off peak is certainly a number that is available in many areas. I don’t know if we will get that far in Carlsbad even in LCG. As SD Realtor points out if owners start to get loan mods than that would certainly slow the declines. Since this house is already 36% off peak my point was that 40-45% off peak seems possible and maybe even likely.

I would say $650-665k was probably the year 2000 value of this home given that the build quality and neighborhood probably fall somewhere between that of Bella Lago and Serenata. Also, the toll brothers houses in Rancho Carillo were selling for about that in 2000 depending on amenities and view.

[pemeliza]

Poway_Seller, of course I was talking about 14% additional from the peak price. But thanks for pointing this out in case someone else misinterpreted it.

50% off peak is certainly a number that is available in many areas. I don’t know if we will get that far in Carlsbad even in LCG. As SD Realtor points out if owners start to get loan mods than that would certainly slow the declines. Since this house is already 36% off peak my point was that 40-45% off peak seems possible and maybe even likely.

I would say $650-665k was probably the year 2000 value of this home given that the build quality and neighborhood probably fall somewhere between that of Bella Lago and Serenata. Also, the toll brothers houses in Rancho Carillo were selling for about that in 2000 depending on amenities and view.

[pemeliza]

Poway_Seller, of course I was talking about 14% additional from the peak price. But thanks for pointing this out in case someone else misinterpreted it.

50% off peak is certainly a number that is available in many areas. I don’t know if we will get that far in Carlsbad even in LCG. As SD Realtor points out if owners start to get loan mods than that would certainly slow the declines. Since this house is already 36% off peak my point was that 40-45% off peak seems possible and maybe even likely.

I would say $650-665k was probably the year 2000 value of this home given that the build quality and neighborhood probably fall somewhere between that of Bella Lago and Serenata. Also, the toll brothers houses in Rancho Carillo were selling for about that in 2000 depending on amenities and view.

[pemeliza]

Poway_Seller, of course I was talking about 14% additional from the peak price. But thanks for pointing this out in case someone else misinterpreted it.

50% off peak is certainly a number that is available in many areas. I don’t know if we will get that far in Carlsbad even in LCG. As SD Realtor points out if owners start to get loan mods than that would certainly slow the declines. Since this house is already 36% off peak my point was that 40-45% off peak seems possible and maybe even likely.

I would say $650-665k was probably the year 2000 value of this home given that the build quality and neighborhood probably fall somewhere between that of Bella Lago and Serenata. Also, the toll brothers houses in Rancho Carillo were selling for about that in 2000 depending on amenities and view.

[pemeliza]

Poway_Seller, of course I was talking about 14% additional from the peak price. But thanks for pointing this out in case someone else misinterpreted it.

50% off peak is certainly a number that is available in many areas. I don’t know if we will get that far in Carlsbad even in LCG. As SD Realtor points out if owners start to get loan mods than that would certainly slow the declines. Since this house is already 36% off peak my point was that 40-45% off peak seems possible and maybe even likely.

I would say $650-665k was probably the year 2000 value of this home given that the build quality and neighborhood probably fall somewhere between that of Bella Lago and Serenata. Also, the toll brothers houses in Rancho Carillo were selling for about that in 2000 depending on amenities and view.

[sdrealtor]

pemeliza
I would argue that a Serenata home has a better neighborhood and location than LCG. Bella Lago isa different animal. We are talking Aviara 92011 ZIP with Carlsbad schools, low HOA/Mello Roos and a mile closer to the beach vs. San Marcos Schools, high mello roos/HOA and foreclosures coming on every block.
The Toll Brothers homes are better builds than Baleras. There was also a premium for a 4000 sq ft home in 2000 as there werent many being built. That premium doesnt exist anymroe as you can find them on any corner. These days its harder to find a new build under 4000 sq ft in this area than over.

Like I said, it surprised me but there were defintely homes very nice close to 4500 sq ft in Aviara selling in the mid 500’s back in 2000.

[sdrealtor]

pemeliza
I would argue that a Serenata home has a better neighborhood and location than LCG. Bella Lago isa different animal. We are talking Aviara 92011 ZIP with Carlsbad schools, low HOA/Mello Roos and a mile closer to the beach vs. San Marcos Schools, high mello roos/HOA and foreclosures coming on every block.
The Toll Brothers homes are better builds than Baleras. There was also a premium for a 4000 sq ft home in 2000 as there werent many being built. That premium doesnt exist anymroe as you can find them on any corner. These days its harder to find a new build under 4000 sq ft in this area than over.

Like I said, it surprised me but there were defintely homes very nice close to 4500 sq ft in Aviara selling in the mid 500’s back in 2000.

[sdrealtor]

pemeliza
I would argue that a Serenata home has a better neighborhood and location than LCG. Bella Lago isa different animal. We are talking Aviara 92011 ZIP with Carlsbad schools, low HOA/Mello Roos and a mile closer to the beach vs. San Marcos Schools, high mello roos/HOA and foreclosures coming on every block.
The Toll Brothers homes are better builds than Baleras. There was also a premium for a 4000 sq ft home in 2000 as there werent many being built. That premium doesnt exist anymroe as you can find them on any corner. These days its harder to find a new build under 4000 sq ft in this area than over.

Like I said, it surprised me but there were defintely homes very nice close to 4500 sq ft in Aviara selling in the mid 500’s back in 2000.

[sdrealtor]

pemeliza
I would argue that a Serenata home has a better neighborhood and location than LCG. Bella Lago isa different animal. We are talking Aviara 92011 ZIP with Carlsbad schools, low HOA/Mello Roos and a mile closer to the beach vs. San Marcos Schools, high mello roos/HOA and foreclosures coming on every block.
The Toll Brothers homes are better builds than Baleras. There was also a premium for a 4000 sq ft home in 2000 as there werent many being built. That premium doesnt exist anymroe as you can find them on any corner. These days its harder to find a new build under 4000 sq ft in this area than over.

Like I said, it surprised me but there were defintely homes very nice close to 4500 sq ft in Aviara selling in the mid 500’s back in 2000.

[sdrealtor]

pemeliza
I would argue that a Serenata home has a better neighborhood and location than LCG. Bella Lago isa different animal. We are talking Aviara 92011 ZIP with Carlsbad schools, low HOA/Mello Roos and a mile closer to the beach vs. San Marcos Schools, high mello roos/HOA and foreclosures coming on every block.
The Toll Brothers homes are better builds than Baleras. There was also a premium for a 4000 sq ft home in 2000 as there werent many being built. That premium doesnt exist anymroe as you can find them on any corner. These days its harder to find a new build under 4000 sq ft in this area than over.

Like I said, it surprised me but there were defintely homes very nice close to 4500 sq ft in Aviara selling in the mid 500’s back in 2000.

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