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May 23, 2011 at 10:41 PM #699344May 24, 2011 at 8:13 AM #698215
Ren
Participant[quote=paramount]I drove around this past weekend taking the temperature of the Temecula RE market. It’s mind boggling, but new houses seem to be selling like crazy. Even with 1.8% tax rates + Mello Roos + HOA; it’s unbelievable. Where do these people come from.
A realtor at an open house claimed the average cost/sq ft in Temecula is right around $125. Seems high to me.[/quote]
It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.
May 24, 2011 at 8:13 AM #698306Participant[quote=paramount]I drove around this past weekend taking the temperature of the Temecula RE market. It’s mind boggling, but new houses seem to be selling like crazy. Even with 1.8% tax rates + Mello Roos + HOA; it’s unbelievable. Where do these people come from.
A realtor at an open house claimed the average cost/sq ft in Temecula is right around $125. Seems high to me.[/quote]
It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.
May 24, 2011 at 8:13 AM #698901Participant[quote=paramount]I drove around this past weekend taking the temperature of the Temecula RE market. It’s mind boggling, but new houses seem to be selling like crazy. Even with 1.8% tax rates + Mello Roos + HOA; it’s unbelievable. Where do these people come from.
A realtor at an open house claimed the average cost/sq ft in Temecula is right around $125. Seems high to me.[/quote]
It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.
May 24, 2011 at 8:13 AM #699046Participant[quote=paramount]I drove around this past weekend taking the temperature of the Temecula RE market. It’s mind boggling, but new houses seem to be selling like crazy. Even with 1.8% tax rates + Mello Roos + HOA; it’s unbelievable. Where do these people come from.
A realtor at an open house claimed the average cost/sq ft in Temecula is right around $125. Seems high to me.[/quote]
It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.
May 24, 2011 at 8:13 AM #699399Participant[quote=paramount]I drove around this past weekend taking the temperature of the Temecula RE market. It’s mind boggling, but new houses seem to be selling like crazy. Even with 1.8% tax rates + Mello Roos + HOA; it’s unbelievable. Where do these people come from.
A realtor at an open house claimed the average cost/sq ft in Temecula is right around $125. Seems high to me.[/quote]
It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.
May 24, 2011 at 10:58 AM #698255Echoooo
Participantback to OP. we thought our neighborhood is stablizing, but the appraiser just told me the lenders are calculating value 10% down from last year. I also saw the inventories around us are priced lower.
May 24, 2011 at 10:58 AM #698346Participantback to OP. we thought our neighborhood is stablizing, but the appraiser just told me the lenders are calculating value 10% down from last year. I also saw the inventories around us are priced lower.
May 24, 2011 at 10:58 AM #698941Participantback to OP. we thought our neighborhood is stablizing, but the appraiser just told me the lenders are calculating value 10% down from last year. I also saw the inventories around us are priced lower.
May 24, 2011 at 10:58 AM #699085Participantback to OP. we thought our neighborhood is stablizing, but the appraiser just told me the lenders are calculating value 10% down from last year. I also saw the inventories around us are priced lower.
May 24, 2011 at 10:58 AM #699439Participantback to OP. we thought our neighborhood is stablizing, but the appraiser just told me the lenders are calculating value 10% down from last year. I also saw the inventories around us are priced lower.
May 24, 2011 at 11:01 AM #698260carlsbadworker
Participant[quote=Ren] It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.[/quote]
Why the topic has shifted to Temecula when the title is about San Diego?
I think price is all relative given what you value in life. I paid for lower than $100/sf for a move-in-ready house 2.5 years ago and I still often felt that I overpaid the house. Yet, on the other side, owning a house is truly beautiful with the extra spaces and all I can do with it…besides, it helps me financially to save the rent payment each month! Now, only if I can buy a farm and save my food expenses as well…
May 24, 2011 at 11:01 AM #698351Participant[quote=Ren] It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.[/quote]
Why the topic has shifted to Temecula when the title is about San Diego?
I think price is all relative given what you value in life. I paid for lower than $100/sf for a move-in-ready house 2.5 years ago and I still often felt that I overpaid the house. Yet, on the other side, owning a house is truly beautiful with the extra spaces and all I can do with it…besides, it helps me financially to save the rent payment each month! Now, only if I can buy a farm and save my food expenses as well…
May 24, 2011 at 11:01 AM #698946Participant[quote=Ren] It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.[/quote]
Why the topic has shifted to Temecula when the title is about San Diego?
I think price is all relative given what you value in life. I paid for lower than $100/sf for a move-in-ready house 2.5 years ago and I still often felt that I overpaid the house. Yet, on the other side, owning a house is truly beautiful with the extra spaces and all I can do with it…besides, it helps me financially to save the rent payment each month! Now, only if I can buy a farm and save my food expenses as well…
May 24, 2011 at 11:01 AM #699090Participant[quote=Ren] It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.[/quote]
Why the topic has shifted to Temecula when the title is about San Diego?
I think price is all relative given what you value in life. I paid for lower than $100/sf for a move-in-ready house 2.5 years ago and I still often felt that I overpaid the house. Yet, on the other side, owning a house is truly beautiful with the extra spaces and all I can do with it…besides, it helps me financially to save the rent payment each month! Now, only if I can buy a farm and save my food expenses as well…
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