Balboa Ridge Condominiums

[sdduuuude]

If you look and negotiate, you may be able to get a house in the area with a yard and no HOA for $400K.

It’ll be 50 years old but I value space more than the age of the property.

[urbanrealtor]

[quote=sdduuuude]If you look and negotiate, you may be able to get a house in the area with a yard and no HOA for $400K.

It’ll be 50 years old but I value space more than the age of the property.[/quote]

You are absolutely right.

You could even get it for less. (like maybe 350).

[urbanrealtor]

[quote=sdduuuude]If you look and negotiate, you may be able to get a house in the area with a yard and no HOA for $400K.

It’ll be 50 years old but I value space more than the age of the property.[/quote]

You are absolutely right.

You could even get it for less. (like maybe 350).

[urbanrealtor]

[quote=sdduuuude]If you look and negotiate, you may be able to get a house in the area with a yard and no HOA for $400K.

It’ll be 50 years old but I value space more than the age of the property.[/quote]

You are absolutely right.

You could even get it for less. (like maybe 350).

[urbanrealtor]

[quote=sdduuuude]If you look and negotiate, you may be able to get a house in the area with a yard and no HOA for $400K.

It’ll be 50 years old but I value space more than the age of the property.[/quote]

You are absolutely right.

You could even get it for less. (like maybe 350).

[urbanrealtor]

[quote=sdduuuude]If you look and negotiate, you may be able to get a house in the area with a yard and no HOA for $400K.

It’ll be 50 years old but I value space more than the age of the property.[/quote]

You are absolutely right.

You could even get it for less. (like maybe 350).

[DaCounselor]

I think you will be sorry if you pay $315K in Balboa Ridge. Condos in Clairemont are continuing to lose value. Townhomes in much better locations, like Balboa Terrace with ocean views for instance, are getting ready have closures sub $400K with more reductions to continue. Most of the sub $400K sfr’s are pretty beat but there should be a much better selection over the next few years. Clairemont is a pretty spotty area with alot of junkers but there are some better streets that are going to suffer along with everyone else. I would hold off for now and look at what happens this year. By the fall you should see some additional devaluation.

[DaCounselor]

I think you will be sorry if you pay $315K in Balboa Ridge. Condos in Clairemont are continuing to lose value. Townhomes in much better locations, like Balboa Terrace with ocean views for instance, are getting ready have closures sub $400K with more reductions to continue. Most of the sub $400K sfr’s are pretty beat but there should be a much better selection over the next few years. Clairemont is a pretty spotty area with alot of junkers but there are some better streets that are going to suffer along with everyone else. I would hold off for now and look at what happens this year. By the fall you should see some additional devaluation.

[DaCounselor]

I think you will be sorry if you pay $315K in Balboa Ridge. Condos in Clairemont are continuing to lose value. Townhomes in much better locations, like Balboa Terrace with ocean views for instance, are getting ready have closures sub $400K with more reductions to continue. Most of the sub $400K sfr’s are pretty beat but there should be a much better selection over the next few years. Clairemont is a pretty spotty area with alot of junkers but there are some better streets that are going to suffer along with everyone else. I would hold off for now and look at what happens this year. By the fall you should see some additional devaluation.

[DaCounselor]

I think you will be sorry if you pay $315K in Balboa Ridge. Condos in Clairemont are continuing to lose value. Townhomes in much better locations, like Balboa Terrace with ocean views for instance, are getting ready have closures sub $400K with more reductions to continue. Most of the sub $400K sfr’s are pretty beat but there should be a much better selection over the next few years. Clairemont is a pretty spotty area with alot of junkers but there are some better streets that are going to suffer along with everyone else. I would hold off for now and look at what happens this year. By the fall you should see some additional devaluation.

[DaCounselor]

I think you will be sorry if you pay $315K in Balboa Ridge. Condos in Clairemont are continuing to lose value. Townhomes in much better locations, like Balboa Terrace with ocean views for instance, are getting ready have closures sub $400K with more reductions to continue. Most of the sub $400K sfr’s are pretty beat but there should be a much better selection over the next few years. Clairemont is a pretty spotty area with alot of junkers but there are some better streets that are going to suffer along with everyone else. I would hold off for now and look at what happens this year. By the fall you should see some additional devaluation.

[jpinpb]

True that some of the SFH homes in Clairemont under 400k aren’t the best. However, this one listed today on a canyon:

2770 Wyandotte for 450k.

I think it will sell quickly and maybe for more. It is outdated, but very doable. Depending on what this ends up selling for will be a new comp for the neighborhood. If you can pick up a canyon view home for 450k, everyone better adjust downward accordingly.

Also, even the fixers are taking a dive.

2786 Luna listed at 175k, went pending immediately, granted, major fixer and probably cash only or construction loan, but for 100k to fix, it would be under 300k for a pretty nice place in a neighborhood that’s not too bad and best of all, a SFH, not a condo w/HOAs.

[jpinpb]

True that some of the SFH homes in Clairemont under 400k aren’t the best. However, this one listed today on a canyon:

2770 Wyandotte for 450k.

I think it will sell quickly and maybe for more. It is outdated, but very doable. Depending on what this ends up selling for will be a new comp for the neighborhood. If you can pick up a canyon view home for 450k, everyone better adjust downward accordingly.

Also, even the fixers are taking a dive.

2786 Luna listed at 175k, went pending immediately, granted, major fixer and probably cash only or construction loan, but for 100k to fix, it would be under 300k for a pretty nice place in a neighborhood that’s not too bad and best of all, a SFH, not a condo w/HOAs.

[jpinpb]

True that some of the SFH homes in Clairemont under 400k aren’t the best. However, this one listed today on a canyon:

2770 Wyandotte for 450k.

I think it will sell quickly and maybe for more. It is outdated, but very doable. Depending on what this ends up selling for will be a new comp for the neighborhood. If you can pick up a canyon view home for 450k, everyone better adjust downward accordingly.

Also, even the fixers are taking a dive.

2786 Luna listed at 175k, went pending immediately, granted, major fixer and probably cash only or construction loan, but for 100k to fix, it would be under 300k for a pretty nice place in a neighborhood that’s not too bad and best of all, a SFH, not a condo w/HOAs.

[jpinpb]

True that some of the SFH homes in Clairemont under 400k aren’t the best. However, this one listed today on a canyon:

2770 Wyandotte for 450k.

I think it will sell quickly and maybe for more. It is outdated, but very doable. Depending on what this ends up selling for will be a new comp for the neighborhood. If you can pick up a canyon view home for 450k, everyone better adjust downward accordingly.

Also, even the fixers are taking a dive.

2786 Luna listed at 175k, went pending immediately, granted, major fixer and probably cash only or construction loan, but for 100k to fix, it would be under 300k for a pretty nice place in a neighborhood that’s not too bad and best of all, a SFH, not a condo w/HOAs.

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