A fresh sign of delusion

[sdduuuude]

When I see a reference to a “delusional” seller, I think it to mean they have listed their property at a price that is much higher than they could reasonably expect to get for it in the current market. Such is not the case. The current market can almost support the low end of their range.

Here’s a 2000 sq. ft house down the street that sold in Sept for $552K:
http://www.redfin.com/CA/San-Diego/5134-Park-Rim-Dr-92117/home/6238515

And a bigger one nearby at $558K in Nov:
http://www.redfin.com/CA/San-Diego/3374-Park-Rim-Ct-92117/home/6238534

Now, the current market may be a continuation of “housing bubble madness” and the ad may have some overly positive sentiment due to the fact that they are trying to sell it, but the sellers are not “delusional” though they may be disappointed that they’ll have to get a realtor.

The appeal of the lot is not the useable size, but the fact that there are no neighbors to the back and a wide open feeling of space. It’s a completely different market than the standard Clairemont house and I’m closely in touch with it as I have been helping friends look for such a place all last year.

It seems the cost of a house on a canyon lot over and above a similar house on a non-canyon lot has been increasing in the past year. It used to be about a $50K premium and seems to be more like $75K now. So, the canyon homes in Clairemont are acting a bit like the higher-end markets – sticky.

Call it a “Canyon lot bubble” that has yet to burst.

[sdduuuude]

Here is a delusional seller for ya:

http://www.redfin.com/CA/San-Diego/4531-Jamestown-Way-92117/home/4925875

[sdduuuude]

Here is a delusional seller for ya:

http://www.redfin.com/CA/San-Diego/4531-Jamestown-Way-92117/home/4925875

[sdduuuude]

Here is a delusional seller for ya:

http://www.redfin.com/CA/San-Diego/4531-Jamestown-Way-92117/home/4925875

[sdduuuude]

Here is a delusional seller for ya:

http://www.redfin.com/CA/San-Diego/4531-Jamestown-Way-92117/home/4925875

[sdduuuude]

Here is a delusional seller for ya:

http://www.redfin.com/CA/San-Diego/4531-Jamestown-Way-92117/home/4925875

[jpinpb]

I think this one is a much nicer house/area for less, but remains to be seen what it closes at. Listed for 450k 2770 Wyandotte

[jpinpb]

I think this one is a much nicer house/area for less, but remains to be seen what it closes at. Listed for 450k 2770 Wyandotte

[jpinpb]

I think this one is a much nicer house/area for less, but remains to be seen what it closes at. Listed for 450k 2770 Wyandotte

[jpinpb]

I think this one is a much nicer house/area for less, but remains to be seen what it closes at. Listed for 450k 2770 Wyandotte

[jpinpb]

I think this one is a much nicer house/area for less, but remains to be seen what it closes at. Listed for 450k 2770 Wyandotte

[UCGal]

[quote=jpinpb]I think this one is a much nicer house/area for less, but remains to be seen what it closes at. Listed for 450k 2770 Wyandotte[/quote]

The house is dated – but what a nice location on the canyon. Of course lots of freeway noise from 52… but since you can *almost* see my house in one of the last pictures… I can relate to that.

[UCGal]

[quote=jpinpb]I think this one is a much nicer house/area for less, but remains to be seen what it closes at. Listed for 450k 2770 Wyandotte[/quote]

The house is dated – but what a nice location on the canyon. Of course lots of freeway noise from 52… but since you can *almost* see my house in one of the last pictures… I can relate to that.

[UCGal]

[quote=jpinpb]I think this one is a much nicer house/area for less, but remains to be seen what it closes at. Listed for 450k 2770 Wyandotte[/quote]

The house is dated – but what a nice location on the canyon. Of course lots of freeway noise from 52… but since you can *almost* see my house in one of the last pictures… I can relate to that.

[UCGal]

[quote=jpinpb]I think this one is a much nicer house/area for less, but remains to be seen what it closes at. Listed for 450k 2770 Wyandotte[/quote]

The house is dated – but what a nice location on the canyon. Of course lots of freeway noise from 52… but since you can *almost* see my house in one of the last pictures… I can relate to that.

[Author]

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