CV houses with ~3700 sf sold below 1.05M

[sweethome]

More and more CV houses with ~3700 sf get sold below 1.05M.

Some examples …

http://www.sdlookup.com/MLS-090030731-5803_Brittany_Forrest_San_Diego_CA_92130

http://www.sdlookup.com/MLS-090018616-4979_Smith_Canyon_Ct_San_Diego_CA_92130

http://www.sdlookup.com/MLS-090034021-12845_Harwick_San_Diego_CA_92130

[werewolf34]

That one in Torrey Hills is a gem unless the market drops out

[werewolf34]

That one in Torrey Hills is a gem unless the market drops out

[werewolf34]

That one in Torrey Hills is a gem unless the market drops out

[werewolf34]

That one in Torrey Hills is a gem unless the market drops out

[werewolf34]

That one in Torrey Hills is a gem unless the market drops out

[an]

Is that supposed to be a good deal (below $1.05M)? Considering the 3rd one sold for $775,000 in 2002, that’s still 35% above 2002 price.

[an]

Is that supposed to be a good deal (below $1.05M)? Considering the 3rd one sold for $775,000 in 2002, that’s still 35% above 2002 price.

[an]

Is that supposed to be a good deal (below $1.05M)? Considering the 3rd one sold for $775,000 in 2002, that’s still 35% above 2002 price.

[an]

Is that supposed to be a good deal (below $1.05M)? Considering the 3rd one sold for $775,000 in 2002, that’s still 35% above 2002 price.

[an]

Is that supposed to be a good deal (below $1.05M)? Considering the 3rd one sold for $775,000 in 2002, that’s still 35% above 2002 price.

[Diego Mamani]

35% above 2002 price is not too bad if we consider inflation. In seven years, that’s about 4.4% anual, compounded. I think 3.5% annual would be more reasonable than 4.4%, and that results in 27% compounded appreciation, which is very close to the observed 35%.

Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.

[Diego Mamani]

35% above 2002 price is not too bad if we consider inflation. In seven years, that’s about 4.4% anual, compounded. I think 3.5% annual would be more reasonable than 4.4%, and that results in 27% compounded appreciation, which is very close to the observed 35%.

Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.

[Diego Mamani]

35% above 2002 price is not too bad if we consider inflation. In seven years, that’s about 4.4% anual, compounded. I think 3.5% annual would be more reasonable than 4.4%, and that results in 27% compounded appreciation, which is very close to the observed 35%.

Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.

[Diego Mamani]

35% above 2002 price is not too bad if we consider inflation. In seven years, that’s about 4.4% anual, compounded. I think 3.5% annual would be more reasonable than 4.4%, and that results in 27% compounded appreciation, which is very close to the observed 35%.

Compared to gold or the Euro, the house is a bargain today compared to 2002. I know, I know, household incomes around here are not in gold, Euro, etc. But considering that rich people worldwide consider SD for a second home, we can’t ignore these other measures of value.

[Author]

Posts