Bear Creek and De Luz…

[Bunny Meadows]

Marion, I checked out the La Cresta place on redfin…it says the original sale was for $165K in 2003??? can that be possible?

http://redfin.com/stingray/do/printable-listing?listing-id=1228783

I wonder if that price only refers to the land – and not the house? Otherwise, that seller has got a LOT of equity.

I think its’ gonna be interesting to see what happens with the many $1 mil+ properites on the market…there simply cant be that many would-be buyers out there these days….

Marion, you sound cool btw! 🙂

[bearvine]

Redfin and Zillow’s sale histories aren’t always accurate. Even for just the lot that would’ve been too low in 2003. That may have been a new loan.

If they bought in 2003 they probably paid somewhere between 700k to 1m, and then add on their improvements.

Just look at how long La Cresta listings over $1m have been on the market. NO ONE is interested in these. Better off buying a home in Bear Creek for 700k to live in, and two in Redhawk for $300k each to rent out. That’s if you really had to spend the money, say for 1031 reasons.

About Bear Creek, this home is on the wrong side of Bear Creek near the empty home sites, and was part of the same development:

http://www.redfin.com/stingray/do/printable-listing?listing-id=1164396

He just dropped $100k to $699k, I am sure his neighbor here asking $979 in the same court is really happy about that.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1066541

Again, they are all into the homes for between 500-600k before hardscape, so there’s room for decline.

Here’s a 2br in Bear Creek back to 2003 pricing at 299k
http://www.redfin.com/stingray/do/printable-listing?listing-id=1238662

[bearvine]

Redfin and Zillow’s sale histories aren’t always accurate. Even for just the lot that would’ve been too low in 2003. That may have been a new loan.

If they bought in 2003 they probably paid somewhere between 700k to 1m, and then add on their improvements.

Just look at how long La Cresta listings over $1m have been on the market. NO ONE is interested in these. Better off buying a home in Bear Creek for 700k to live in, and two in Redhawk for $300k each to rent out. That’s if you really had to spend the money, say for 1031 reasons.

About Bear Creek, this home is on the wrong side of Bear Creek near the empty home sites, and was part of the same development:

http://www.redfin.com/stingray/do/printable-listing?listing-id=1164396

He just dropped $100k to $699k, I am sure his neighbor here asking $979 in the same court is really happy about that.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1066541

Again, they are all into the homes for between 500-600k before hardscape, so there’s room for decline.

Here’s a 2br in Bear Creek back to 2003 pricing at 299k
http://www.redfin.com/stingray/do/printable-listing?listing-id=1238662

[bearvine]

Redfin and Zillow’s sale histories aren’t always accurate. Even for just the lot that would’ve been too low in 2003. That may have been a new loan.

If they bought in 2003 they probably paid somewhere between 700k to 1m, and then add on their improvements.

Just look at how long La Cresta listings over $1m have been on the market. NO ONE is interested in these. Better off buying a home in Bear Creek for 700k to live in, and two in Redhawk for $300k each to rent out. That’s if you really had to spend the money, say for 1031 reasons.

About Bear Creek, this home is on the wrong side of Bear Creek near the empty home sites, and was part of the same development:

http://www.redfin.com/stingray/do/printable-listing?listing-id=1164396

He just dropped $100k to $699k, I am sure his neighbor here asking $979 in the same court is really happy about that.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1066541

Again, they are all into the homes for between 500-600k before hardscape, so there’s room for decline.

Here’s a 2br in Bear Creek back to 2003 pricing at 299k
http://www.redfin.com/stingray/do/printable-listing?listing-id=1238662

[bearvine]

Redfin and Zillow’s sale histories aren’t always accurate. Even for just the lot that would’ve been too low in 2003. That may have been a new loan.

If they bought in 2003 they probably paid somewhere between 700k to 1m, and then add on their improvements.

Just look at how long La Cresta listings over $1m have been on the market. NO ONE is interested in these. Better off buying a home in Bear Creek for 700k to live in, and two in Redhawk for $300k each to rent out. That’s if you really had to spend the money, say for 1031 reasons.

About Bear Creek, this home is on the wrong side of Bear Creek near the empty home sites, and was part of the same development:

http://www.redfin.com/stingray/do/printable-listing?listing-id=1164396

He just dropped $100k to $699k, I am sure his neighbor here asking $979 in the same court is really happy about that.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1066541

Again, they are all into the homes for between 500-600k before hardscape, so there’s room for decline.

Here’s a 2br in Bear Creek back to 2003 pricing at 299k
http://www.redfin.com/stingray/do/printable-listing?listing-id=1238662

[bearvine]

Redfin and Zillow’s sale histories aren’t always accurate. Even for just the lot that would’ve been too low in 2003. That may have been a new loan.

If they bought in 2003 they probably paid somewhere between 700k to 1m, and then add on their improvements.

Just look at how long La Cresta listings over $1m have been on the market. NO ONE is interested in these. Better off buying a home in Bear Creek for 700k to live in, and two in Redhawk for $300k each to rent out. That’s if you really had to spend the money, say for 1031 reasons.

About Bear Creek, this home is on the wrong side of Bear Creek near the empty home sites, and was part of the same development:

http://www.redfin.com/stingray/do/printable-listing?listing-id=1164396

He just dropped $100k to $699k, I am sure his neighbor here asking $979 in the same court is really happy about that.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1066541

Again, they are all into the homes for between 500-600k before hardscape, so there’s room for decline.

Here’s a 2br in Bear Creek back to 2003 pricing at 299k
http://www.redfin.com/stingray/do/printable-listing?listing-id=1238662

[bearvine]

Even if I had to do a 1031 exchange, I still might not buy, and just take the tax hit to have liquidity instead.

That condo above in Bear Creek for $299k, I might pay $200.

[bearvine]

Even if I had to do a 1031 exchange, I still might not buy, and just take the tax hit to have liquidity instead.

That condo above in Bear Creek for $299k, I might pay $200.

[bearvine]

Even if I had to do a 1031 exchange, I still might not buy, and just take the tax hit to have liquidity instead.

That condo above in Bear Creek for $299k, I might pay $200.

[bearvine]

Even if I had to do a 1031 exchange, I still might not buy, and just take the tax hit to have liquidity instead.

That condo above in Bear Creek for $299k, I might pay $200.

[bearvine]

Even if I had to do a 1031 exchange, I still might not buy, and just take the tax hit to have liquidity instead.

That condo above in Bear Creek for $299k, I might pay $200.

[temeculaguy]

In the early or mid 1990’s I looked at the condo’s/duplexes at bear creek (actually some were sfr’s), just like your third link, but I couldn’t get over the lack of fencing. I remember they were very nice and priced about 150k at the bottom of the last cycle but there was no back fence, the back of the house just opened up to the golf course. I took one look at that and thought “this is beautiful, but the dog won’t last a week and even if I figured out where to put the jacuzzi how am I going to get in and out of it naked?”

[temeculaguy]

In the early or mid 1990’s I looked at the condo’s/duplexes at bear creek (actually some were sfr’s), just like your third link, but I couldn’t get over the lack of fencing. I remember they were very nice and priced about 150k at the bottom of the last cycle but there was no back fence, the back of the house just opened up to the golf course. I took one look at that and thought “this is beautiful, but the dog won’t last a week and even if I figured out where to put the jacuzzi how am I going to get in and out of it naked?”

[temeculaguy]

In the early or mid 1990’s I looked at the condo’s/duplexes at bear creek (actually some were sfr’s), just like your third link, but I couldn’t get over the lack of fencing. I remember they were very nice and priced about 150k at the bottom of the last cycle but there was no back fence, the back of the house just opened up to the golf course. I took one look at that and thought “this is beautiful, but the dog won’t last a week and even if I figured out where to put the jacuzzi how am I going to get in and out of it naked?”

[temeculaguy]

In the early or mid 1990’s I looked at the condo’s/duplexes at bear creek (actually some were sfr’s), just like your third link, but I couldn’t get over the lack of fencing. I remember they were very nice and priced about 150k at the bottom of the last cycle but there was no back fence, the back of the house just opened up to the golf course. I took one look at that and thought “this is beautiful, but the dog won’t last a week and even if I figured out where to put the jacuzzi how am I going to get in and out of it naked?”

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