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Aecetia.
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January 31, 2008 at 8:41 AM #146186January 31, 2008 at 8:41 AM #146213
CoronitaParticipant"Also, I would guess that there are plenty of people in the newer developments who are typical of the "other half" of CV residents. They make 100k-200k/yr, and they really stretched to buy, figuring on continued appreciation. If prices do continue coming down even at their current (very slow) pace, they may not be able to hang on when their loans reset. "
Perhaps residents in CV will start distinguishing among which "side", with all the attached snobbery…
Just kidding folks.
In my mind, I'm keeping track of how things shake out among the following parts of CV relative to each other.
1)South Side
2)North Side
3)Central
4)East side
In my mind:
1) South side is everything south of 56 and west of carmel country road, in 92130
2) North side is everything north of del mar heights road and west of carmel country road in 92130
3) Central is everything in between 56 and del mar heights, west of carmel country road in 92130.
4)East side is everything east of carmel country road
By no means am I a resident expert, but my preconceived notions of what I think will shake out first, second and third,etc: would be from first to last central, east or south, then north. Again no data to back this up. My rationale:
*Central has a lot of starter/attached homes.
*East is a lot of larger homes for the same amount of money in north/south, but kinda removed from 92130. I would call this "new money".
*South is really torrey hills, which would be your traditional upper middle class.
Whether new money shakes out before or after upper middle class money, I don't know.
*North is probably old carmel valley, and I would guess most of "old money" is there.
West of el camino is more del mar, and I wouldn't consider them in this comparison.
Again, not a realtor ,and not a demographics expert, so I stand to be corrected. Anyone else familiar with this area that would offer another viewpoint, I would be interested in comparing notes.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
January 31, 2008 at 8:41 AM #146224CoronitaParticipant"Also, I would guess that there are plenty of people in the newer developments who are typical of the "other half" of CV residents. They make 100k-200k/yr, and they really stretched to buy, figuring on continued appreciation. If prices do continue coming down even at their current (very slow) pace, they may not be able to hang on when their loans reset. "
Perhaps residents in CV will start distinguishing among which "side", with all the attached snobbery…
Just kidding folks.
In my mind, I'm keeping track of how things shake out among the following parts of CV relative to each other.
1)South Side
2)North Side
3)Central
4)East side
In my mind:
1) South side is everything south of 56 and west of carmel country road, in 92130
2) North side is everything north of del mar heights road and west of carmel country road in 92130
3) Central is everything in between 56 and del mar heights, west of carmel country road in 92130.
4)East side is everything east of carmel country road
By no means am I a resident expert, but my preconceived notions of what I think will shake out first, second and third,etc: would be from first to last central, east or south, then north. Again no data to back this up. My rationale:
*Central has a lot of starter/attached homes.
*East is a lot of larger homes for the same amount of money in north/south, but kinda removed from 92130. I would call this "new money".
*South is really torrey hills, which would be your traditional upper middle class.
Whether new money shakes out before or after upper middle class money, I don't know.
*North is probably old carmel valley, and I would guess most of "old money" is there.
West of el camino is more del mar, and I wouldn't consider them in this comparison.
Again, not a realtor ,and not a demographics expert, so I stand to be corrected. Anyone else familiar with this area that would offer another viewpoint, I would be interested in comparing notes.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
January 31, 2008 at 8:41 AM #146284CoronitaParticipant"Also, I would guess that there are plenty of people in the newer developments who are typical of the "other half" of CV residents. They make 100k-200k/yr, and they really stretched to buy, figuring on continued appreciation. If prices do continue coming down even at their current (very slow) pace, they may not be able to hang on when their loans reset. "
Perhaps residents in CV will start distinguishing among which "side", with all the attached snobbery…
Just kidding folks.
In my mind, I'm keeping track of how things shake out among the following parts of CV relative to each other.
1)South Side
2)North Side
3)Central
4)East side
In my mind:
1) South side is everything south of 56 and west of carmel country road, in 92130
2) North side is everything north of del mar heights road and west of carmel country road in 92130
3) Central is everything in between 56 and del mar heights, west of carmel country road in 92130.
4)East side is everything east of carmel country road
By no means am I a resident expert, but my preconceived notions of what I think will shake out first, second and third,etc: would be from first to last central, east or south, then north. Again no data to back this up. My rationale:
*Central has a lot of starter/attached homes.
*East is a lot of larger homes for the same amount of money in north/south, but kinda removed from 92130. I would call this "new money".
*South is really torrey hills, which would be your traditional upper middle class.
Whether new money shakes out before or after upper middle class money, I don't know.
*North is probably old carmel valley, and I would guess most of "old money" is there.
West of el camino is more del mar, and I wouldn't consider them in this comparison.
Again, not a realtor ,and not a demographics expert, so I stand to be corrected. Anyone else familiar with this area that would offer another viewpoint, I would be interested in comparing notes.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
January 31, 2008 at 9:05 AM #145956jpinpb
ParticipantI did a little research and I guess DH Horton was the builder of La Boheme, which was auctioned by REDC, the same people auctioning The Heights in CV.
The numbers that I saw, people were picking up property for 25% less than the orig. sales price. Maybe one can pick up something in The Heights for 25% less. Of course La Boheme auction was near the end of 2007 and I think the market has slowed a little more since then, although they are trying to jump start it w/lowering interest ratesJanuary 31, 2008 at 9:05 AM #146201ParticipantI did a little research and I guess DH Horton was the builder of La Boheme, which was auctioned by REDC, the same people auctioning The Heights in CV.
The numbers that I saw, people were picking up property for 25% less than the orig. sales price. Maybe one can pick up something in The Heights for 25% less. Of course La Boheme auction was near the end of 2007 and I think the market has slowed a little more since then, although they are trying to jump start it w/lowering interest ratesJanuary 31, 2008 at 9:05 AM #146228ParticipantI did a little research and I guess DH Horton was the builder of La Boheme, which was auctioned by REDC, the same people auctioning The Heights in CV.
The numbers that I saw, people were picking up property for 25% less than the orig. sales price. Maybe one can pick up something in The Heights for 25% less. Of course La Boheme auction was near the end of 2007 and I think the market has slowed a little more since then, although they are trying to jump start it w/lowering interest ratesJanuary 31, 2008 at 9:05 AM #146239ParticipantI did a little research and I guess DH Horton was the builder of La Boheme, which was auctioned by REDC, the same people auctioning The Heights in CV.
The numbers that I saw, people were picking up property for 25% less than the orig. sales price. Maybe one can pick up something in The Heights for 25% less. Of course La Boheme auction was near the end of 2007 and I think the market has slowed a little more since then, although they are trying to jump start it w/lowering interest ratesJanuary 31, 2008 at 9:05 AM #146299ParticipantI did a little research and I guess DH Horton was the builder of La Boheme, which was auctioned by REDC, the same people auctioning The Heights in CV.
The numbers that I saw, people were picking up property for 25% less than the orig. sales price. Maybe one can pick up something in The Heights for 25% less. Of course La Boheme auction was near the end of 2007 and I think the market has slowed a little more since then, although they are trying to jump start it w/lowering interest ratesMarch 21, 2008 at 10:02 AM #174236NotCranky
ParticipantWow look how time flies the last post on here(this thread)was almost two months ago.
I hope everything is well with you and your family sdrealtor.
Cheers
March 21, 2008 at 10:02 AM #174580ParticipantWow look how time flies the last post on here(this thread)was almost two months ago.
I hope everything is well with you and your family sdrealtor.
Cheers
March 21, 2008 at 10:02 AM #174586ParticipantWow look how time flies the last post on here(this thread)was almost two months ago.
I hope everything is well with you and your family sdrealtor.
Cheers
March 21, 2008 at 10:02 AM #174597ParticipantWow look how time flies the last post on here(this thread)was almost two months ago.
I hope everything is well with you and your family sdrealtor.
Cheers
March 21, 2008 at 10:02 AM #174681ParticipantWow look how time flies the last post on here(this thread)was almost two months ago.
I hope everything is well with you and your family sdrealtor.
Cheers
June 12, 2008 at 9:21 AM #221721Aecetia
ParticipantUpdate on Carmel Valley et al from Bubble Markets Inventory Tracking:
http://bubbletracking.blogspot.com/2008/06/tale-of-three-suburbs-part-ii.html“Tale of Three Suburbs, Part II
We got quite a lively discussion going yesterday regarding the price premium between Carmel Valley, 4S Ranch, and Temecula. I agree that the Carmel Valley example yesterday was not true Carmel Valley, it was picked simply because it was the price leader in 92130. I also stand corrected regarding the lot size of the 4S Ranch home, I used the ziprealty’s listed lot size as provided by the REALTOR, I should have known better. =)”“Here’s three more examples for you guys to chew on. I’ve included neighboring comps in parenthesis.”
“These three homes are not price leaders. They were all purchased in 2001 and are currently for sale. Looking at the 2001 CV-4S-Temecula pricing, we see $670k-$515k-$330k (difference of $160k between Ocean Ridge vs Fox Valley, and difference of $185k between Fox Valley vs Abbey).”
“Currently, the asking price for these CV-4S-Temecula examples are $1,100k-$840k-$400k. The CV premium is significantly increased to $260k in comparison to the 4S example. And we have an even larger $440k differential between the 4S and Temecula examples.”
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