4918 Concannon Ct San Diego, CA 92130

[zk]

You’re not going to find anything in CV at 2001 prices. Not now, not ever. Carmel Valley single family homes, at best (lowest), are at late 2003 levels. Which are a solid 50% higher than 2001 prices. While real values in CV have a slight chance of dropping 50% at some point, nominal prices will never approach 2001 levels.

I think that a lot of buyer demand has been moved earlier by the fed gov’t handouts, which will make it relatively hard for sellers to find buyers for a while now that they’ve ended. You’ve now got the state handout, which may help things for a while, but apparently the money for that won’t last long.

I’d give prices a twenty percent chance of coming down 10%. Odds are they won’t drop even that much, if they drop at all.

[streak]

[quote=zk]You’re not going to find anything in CV at 2001 prices. Not now, not ever. Carmel Valley single family homes, at best (lowest), are at late 2003 levels. Which are a solid 50% higher than 2001 prices. While real values in CV have a slight chance of dropping 50% at some point, nominal prices will never approach 2001 levels. [/quote]

Thanks zk, looking at 4918 above this seems to be the case but looking at 13496 it still has to drop some to get to 2003 levels.

Either way you have both given me a new benchmark to assist in deciding if a property is good or bad value assuming no power lines, not on a noisy street etc. etc.

[streak]

[quote=zk]You’re not going to find anything in CV at 2001 prices. Not now, not ever. Carmel Valley single family homes, at best (lowest), are at late 2003 levels. Which are a solid 50% higher than 2001 prices. While real values in CV have a slight chance of dropping 50% at some point, nominal prices will never approach 2001 levels. [/quote]

Thanks zk, looking at 4918 above this seems to be the case but looking at 13496 it still has to drop some to get to 2003 levels.

Either way you have both given me a new benchmark to assist in deciding if a property is good or bad value assuming no power lines, not on a noisy street etc. etc.

[streak]

[quote=zk]You’re not going to find anything in CV at 2001 prices. Not now, not ever. Carmel Valley single family homes, at best (lowest), are at late 2003 levels. Which are a solid 50% higher than 2001 prices. While real values in CV have a slight chance of dropping 50% at some point, nominal prices will never approach 2001 levels. [/quote]

Thanks zk, looking at 4918 above this seems to be the case but looking at 13496 it still has to drop some to get to 2003 levels.

Either way you have both given me a new benchmark to assist in deciding if a property is good or bad value assuming no power lines, not on a noisy street etc. etc.

[streak]

[quote=zk]You’re not going to find anything in CV at 2001 prices. Not now, not ever. Carmel Valley single family homes, at best (lowest), are at late 2003 levels. Which are a solid 50% higher than 2001 prices. While real values in CV have a slight chance of dropping 50% at some point, nominal prices will never approach 2001 levels. [/quote]

Thanks zk, looking at 4918 above this seems to be the case but looking at 13496 it still has to drop some to get to 2003 levels.

Either way you have both given me a new benchmark to assist in deciding if a property is good or bad value assuming no power lines, not on a noisy street etc. etc.

[streak]

[quote=zk]You’re not going to find anything in CV at 2001 prices. Not now, not ever. Carmel Valley single family homes, at best (lowest), are at late 2003 levels. Which are a solid 50% higher than 2001 prices. While real values in CV have a slight chance of dropping 50% at some point, nominal prices will never approach 2001 levels. [/quote]

Thanks zk, looking at 4918 above this seems to be the case but looking at 13496 it still has to drop some to get to 2003 levels.

Either way you have both given me a new benchmark to assist in deciding if a property is good or bad value assuming no power lines, not on a noisy street etc. etc.

[sdduuuude]

[quote=zk]You’re not going to find anything in CV at 2001 prices. Not now, not ever. Carmel Valley single family homes, at best (lowest), are at late 2003 levels. Which are a solid 50% higher than 2001 prices. While real values in CV have a slight chance of dropping 50% at some point, nominal prices will never approach 2001 levels.[/quote]

Math check: If today’s prices are 50% higher than 2001 prices, then prices would only have to drop 34%, not 50% to be below 2001 prices.

[sdduuuude]

[quote=zk]You’re not going to find anything in CV at 2001 prices. Not now, not ever. Carmel Valley single family homes, at best (lowest), are at late 2003 levels. Which are a solid 50% higher than 2001 prices. While real values in CV have a slight chance of dropping 50% at some point, nominal prices will never approach 2001 levels.[/quote]

Math check: If today’s prices are 50% higher than 2001 prices, then prices would only have to drop 34%, not 50% to be below 2001 prices.

[sdduuuude]

[quote=zk]You’re not going to find anything in CV at 2001 prices. Not now, not ever. Carmel Valley single family homes, at best (lowest), are at late 2003 levels. Which are a solid 50% higher than 2001 prices. While real values in CV have a slight chance of dropping 50% at some point, nominal prices will never approach 2001 levels.[/quote]

Math check: If today’s prices are 50% higher than 2001 prices, then prices would only have to drop 34%, not 50% to be below 2001 prices.

[sdduuuude]

[quote=zk]You’re not going to find anything in CV at 2001 prices. Not now, not ever. Carmel Valley single family homes, at best (lowest), are at late 2003 levels. Which are a solid 50% higher than 2001 prices. While real values in CV have a slight chance of dropping 50% at some point, nominal prices will never approach 2001 levels.[/quote]

Math check: If today’s prices are 50% higher than 2001 prices, then prices would only have to drop 34%, not 50% to be below 2001 prices.

[sdduuuude]

[quote=zk]You’re not going to find anything in CV at 2001 prices. Not now, not ever. Carmel Valley single family homes, at best (lowest), are at late 2003 levels. Which are a solid 50% higher than 2001 prices. While real values in CV have a slight chance of dropping 50% at some point, nominal prices will never approach 2001 levels.[/quote]

Math check: If today’s prices are 50% higher than 2001 prices, then prices would only have to drop 34%, not 50% to be below 2001 prices.

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