Del Cerro View Homes

[San Diego RE Bear]

“Submitted by poway_seller on April 7, 2008 – 9:42am.
what’s up with this place? that foreclosure on Madra.

http://www.sdlookup.com/MLS-076070946-5915_Madra_Ave_San_Diego_CA_92120

reduced to $592,000 and still no takers?

Anybody have any insight into this place? Why is it not moving? It has been sitting so long, and through so many reductions, maybe an offer in the low $500s (or dare I say high $400s) may take it.”

I’m pretty sure this place went into escrow last week. A friend of mine was interested in it and made an offer, but the offer accepted, to the best of my knowledge, was about $650,000 in cash. It had a lot of potential but needed a couple hundred thousand in work and seems overpriced considering that. Still lots of knife catchers. I’d wait at least a year on areas like Del Cerro. Don’t impatient. We have nowhere to go but down.

[KamFongasChinHo]

>>>Still lots of knife catchers. I’d wait at least a year on areas like Del Cerro. Don’t impatient. We have nowhere to go but down.>>>

I think you’re right. If you look at the listed “high-end” properties there, they can’t seem to find the market. Just about all of them have been on the market for over 100 days without any interest. Who will be the first to give in?

Do you think all those people who have listed their homes for sale are just hoping to get lucky and get a “wish” price for their home and if not they stay put? If you compare these $1m properties to others in San Diego, they haven’t gone down.

There are so many better bargains out there, but I have to hand it to these people who have remained firm with their price. Maybe they are colluding to create an illusion that Del Cerro is immune to the reality of the San Diego real estate downturn.

I’d be interested in others’ opinions.

Link to Del Cerro Homes. http://tinyurl.com/6bnscw

[KamFongasChinHo]

>>>Still lots of knife catchers. I’d wait at least a year on areas like Del Cerro. Don’t impatient. We have nowhere to go but down.>>>

I think you’re right. If you look at the listed “high-end” properties there, they can’t seem to find the market. Just about all of them have been on the market for over 100 days without any interest. Who will be the first to give in?

Do you think all those people who have listed their homes for sale are just hoping to get lucky and get a “wish” price for their home and if not they stay put? If you compare these $1m properties to others in San Diego, they haven’t gone down.

There are so many better bargains out there, but I have to hand it to these people who have remained firm with their price. Maybe they are colluding to create an illusion that Del Cerro is immune to the reality of the San Diego real estate downturn.

I’d be interested in others’ opinions.

Link to Del Cerro Homes. http://tinyurl.com/6bnscw

[KamFongasChinHo]

>>>Still lots of knife catchers. I’d wait at least a year on areas like Del Cerro. Don’t impatient. We have nowhere to go but down.>>>

I think you’re right. If you look at the listed “high-end” properties there, they can’t seem to find the market. Just about all of them have been on the market for over 100 days without any interest. Who will be the first to give in?

Do you think all those people who have listed their homes for sale are just hoping to get lucky and get a “wish” price for their home and if not they stay put? If you compare these $1m properties to others in San Diego, they haven’t gone down.

There are so many better bargains out there, but I have to hand it to these people who have remained firm with their price. Maybe they are colluding to create an illusion that Del Cerro is immune to the reality of the San Diego real estate downturn.

I’d be interested in others’ opinions.

Link to Del Cerro Homes. http://tinyurl.com/6bnscw

[KamFongasChinHo]

>>>Still lots of knife catchers. I’d wait at least a year on areas like Del Cerro. Don’t impatient. We have nowhere to go but down.>>>

I think you’re right. If you look at the listed “high-end” properties there, they can’t seem to find the market. Just about all of them have been on the market for over 100 days without any interest. Who will be the first to give in?

Do you think all those people who have listed their homes for sale are just hoping to get lucky and get a “wish” price for their home and if not they stay put? If you compare these $1m properties to others in San Diego, they haven’t gone down.

There are so many better bargains out there, but I have to hand it to these people who have remained firm with their price. Maybe they are colluding to create an illusion that Del Cerro is immune to the reality of the San Diego real estate downturn.

I’d be interested in others’ opinions.

Link to Del Cerro Homes. http://tinyurl.com/6bnscw

[KamFongasChinHo]

>>>Still lots of knife catchers. I’d wait at least a year on areas like Del Cerro. Don’t impatient. We have nowhere to go but down.>>>

I think you’re right. If you look at the listed “high-end” properties there, they can’t seem to find the market. Just about all of them have been on the market for over 100 days without any interest. Who will be the first to give in?

Do you think all those people who have listed their homes for sale are just hoping to get lucky and get a “wish” price for their home and if not they stay put? If you compare these $1m properties to others in San Diego, they haven’t gone down.

There are so many better bargains out there, but I have to hand it to these people who have remained firm with their price. Maybe they are colluding to create an illusion that Del Cerro is immune to the reality of the San Diego real estate downturn.

I’d be interested in others’ opinions.

Link to Del Cerro Homes. http://tinyurl.com/6bnscw

[PadreBrian]

San Diego RE Bear, that place is an example of how nuts people went for 4 years.

Back in 2001 it was worth 400k.

In 2005 it sold for 900k!

In 2007 it sold for 757k!

Now they want 592k!

hahah, Joke is on them, it’s really worth the 2001 price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1106765

[PadreBrian]

San Diego RE Bear, that place is an example of how nuts people went for 4 years.

Back in 2001 it was worth 400k.

In 2005 it sold for 900k!

In 2007 it sold for 757k!

Now they want 592k!

hahah, Joke is on them, it’s really worth the 2001 price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1106765

[PadreBrian]

San Diego RE Bear, that place is an example of how nuts people went for 4 years.

Back in 2001 it was worth 400k.

In 2005 it sold for 900k!

In 2007 it sold for 757k!

Now they want 592k!

hahah, Joke is on them, it’s really worth the 2001 price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1106765

[PadreBrian]

San Diego RE Bear, that place is an example of how nuts people went for 4 years.

Back in 2001 it was worth 400k.

In 2005 it sold for 900k!

In 2007 it sold for 757k!

Now they want 592k!

hahah, Joke is on them, it’s really worth the 2001 price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1106765

[PadreBrian]

San Diego RE Bear, that place is an example of how nuts people went for 4 years.

Back in 2001 it was worth 400k.

In 2005 it sold for 900k!

In 2007 it sold for 757k!

Now they want 592k!

hahah, Joke is on them, it’s really worth the 2001 price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1106765

[poway_seller]

Crystalaire Dr shows it closed at $800,000, but it was owned by an agent, $800k was a “net” price, and since commission was supposed to be 3%, but the seller didn’t pay a commission to the listing agent the actual sales price was closer to $825,000.

[poway_seller]

Crystalaire Dr shows it closed at $800,000, but it was owned by an agent, $800k was a “net” price, and since commission was supposed to be 3%, but the seller didn’t pay a commission to the listing agent the actual sales price was closer to $825,000.

[poway_seller]

Crystalaire Dr shows it closed at $800,000, but it was owned by an agent, $800k was a “net” price, and since commission was supposed to be 3%, but the seller didn’t pay a commission to the listing agent the actual sales price was closer to $825,000.

[poway_seller]

Crystalaire Dr shows it closed at $800,000, but it was owned by an agent, $800k was a “net” price, and since commission was supposed to be 3%, but the seller didn’t pay a commission to the listing agent the actual sales price was closer to $825,000.

[Author]

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