Del Cerro View Homes

[macmichael]

Poway

I agree, very low inventory, but when I look back over last 5 years it does seems to run like that; there will be a variety to choose from, then nada for a while. I agree very low inventory for summer.

We are almost retired and were thinking of putting ours ( on top of hill, but certaintly in the less than $ 1.0 M class ) up for sale this spring / summer and renting, Then we see everything has sold. Not sure what to do especially we have all sorts of stuff to get rid of to downsize. So guess what; we are spending some $$ to upgrade yard, recover patio furniture, and make minor exterior upgrades ( inside all done already ).

Just don’t know whether to put on market or wait for a while????

[pemeliza]

“Is this a stand-off with buyers hoping for prices to come down, or will they soon realize that to live on the hill you have to pay asking?”

I don’t know the answer to that question but if you look at what actually sold (with maybe an exception or two) the sold price was not near the original asking price. So if you just look at history, the buyers have been waiting for the sellers to blink and then pouncing.

Certainly adds up to very strong pent up buyer demand but not desparation to get in at any cost.

[pemeliza]

“Is this a stand-off with buyers hoping for prices to come down, or will they soon realize that to live on the hill you have to pay asking?”

I don’t know the answer to that question but if you look at what actually sold (with maybe an exception or two) the sold price was not near the original asking price. So if you just look at history, the buyers have been waiting for the sellers to blink and then pouncing.

Certainly adds up to very strong pent up buyer demand but not desparation to get in at any cost.

[pemeliza]

“Is this a stand-off with buyers hoping for prices to come down, or will they soon realize that to live on the hill you have to pay asking?”

I don’t know the answer to that question but if you look at what actually sold (with maybe an exception or two) the sold price was not near the original asking price. So if you just look at history, the buyers have been waiting for the sellers to blink and then pouncing.

Certainly adds up to very strong pent up buyer demand but not desparation to get in at any cost.

[pemeliza]

“Is this a stand-off with buyers hoping for prices to come down, or will they soon realize that to live on the hill you have to pay asking?”

I don’t know the answer to that question but if you look at what actually sold (with maybe an exception or two) the sold price was not near the original asking price. So if you just look at history, the buyers have been waiting for the sellers to blink and then pouncing.

Certainly adds up to very strong pent up buyer demand but not desparation to get in at any cost.

[pemeliza]

“Is this a stand-off with buyers hoping for prices to come down, or will they soon realize that to live on the hill you have to pay asking?”

I don’t know the answer to that question but if you look at what actually sold (with maybe an exception or two) the sold price was not near the original asking price. So if you just look at history, the buyers have been waiting for the sellers to blink and then pouncing.

Certainly adds up to very strong pent up buyer demand but not desparation to get in at any cost.

[macmichael]

Pemeliza

I talked recently to one of the long time, active agents up here on the hill and even she couldn’t get a good read.

Seems like your comment on a stand off is applicable.

My observation is that the the distress / over bought in last few years / REO stuff has been mostly worked thru. In the past many of the homes that came up were downsizing or estates ( many of these ). I suspect that we are moving back to normal times in that there are a relative limited number of these that come up in a quarter. In the past in more normal times ( what ever that is ) they were priced more accurately and moved relatively quickly. I believe there is a general backlog of people that would like to live in DC. So when a house came up it was quickly looked at and evaluated and if it fit offers were submitted and if not the buyers waited till the next one came along.

I think today we are almost if not back to that situation and buyers just have to wait it out, hence the reason for the low inventory.

[macmichael]

Pemeliza

I talked recently to one of the long time, active agents up here on the hill and even she couldn’t get a good read.

Seems like your comment on a stand off is applicable.

My observation is that the the distress / over bought in last few years / REO stuff has been mostly worked thru. In the past many of the homes that came up were downsizing or estates ( many of these ). I suspect that we are moving back to normal times in that there are a relative limited number of these that come up in a quarter. In the past in more normal times ( what ever that is ) they were priced more accurately and moved relatively quickly. I believe there is a general backlog of people that would like to live in DC. So when a house came up it was quickly looked at and evaluated and if it fit offers were submitted and if not the buyers waited till the next one came along.

I think today we are almost if not back to that situation and buyers just have to wait it out, hence the reason for the low inventory.

[macmichael]

Pemeliza

I talked recently to one of the long time, active agents up here on the hill and even she couldn’t get a good read.

Seems like your comment on a stand off is applicable.

My observation is that the the distress / over bought in last few years / REO stuff has been mostly worked thru. In the past many of the homes that came up were downsizing or estates ( many of these ). I suspect that we are moving back to normal times in that there are a relative limited number of these that come up in a quarter. In the past in more normal times ( what ever that is ) they were priced more accurately and moved relatively quickly. I believe there is a general backlog of people that would like to live in DC. So when a house came up it was quickly looked at and evaluated and if it fit offers were submitted and if not the buyers waited till the next one came along.

I think today we are almost if not back to that situation and buyers just have to wait it out, hence the reason for the low inventory.

[macmichael]

Pemeliza

I talked recently to one of the long time, active agents up here on the hill and even she couldn’t get a good read.

Seems like your comment on a stand off is applicable.

My observation is that the the distress / over bought in last few years / REO stuff has been mostly worked thru. In the past many of the homes that came up were downsizing or estates ( many of these ). I suspect that we are moving back to normal times in that there are a relative limited number of these that come up in a quarter. In the past in more normal times ( what ever that is ) they were priced more accurately and moved relatively quickly. I believe there is a general backlog of people that would like to live in DC. So when a house came up it was quickly looked at and evaluated and if it fit offers were submitted and if not the buyers waited till the next one came along.

I think today we are almost if not back to that situation and buyers just have to wait it out, hence the reason for the low inventory.

[macmichael]

Pemeliza

I talked recently to one of the long time, active agents up here on the hill and even she couldn’t get a good read.

Seems like your comment on a stand off is applicable.

My observation is that the the distress / over bought in last few years / REO stuff has been mostly worked thru. In the past many of the homes that came up were downsizing or estates ( many of these ). I suspect that we are moving back to normal times in that there are a relative limited number of these that come up in a quarter. In the past in more normal times ( what ever that is ) they were priced more accurately and moved relatively quickly. I believe there is a general backlog of people that would like to live in DC. So when a house came up it was quickly looked at and evaluated and if it fit offers were submitted and if not the buyers waited till the next one came along.

I think today we are almost if not back to that situation and buyers just have to wait it out, hence the reason for the low inventory.

[Anonymous]

what happened with 5915 Madra? Anybody know? The REO listing expired and shortly after it was relisted with a different agent. Then it want into pending a couple of days later.

I can’t seem to find any info on it closing though and it seems that it has been pending for something like 60 days. I’m very curious at what price this place sells.

[Anonymous]

what happened with 5915 Madra? Anybody know? The REO listing expired and shortly after it was relisted with a different agent. Then it want into pending a couple of days later.

I can’t seem to find any info on it closing though and it seems that it has been pending for something like 60 days. I’m very curious at what price this place sells.

[Anonymous]

what happened with 5915 Madra? Anybody know? The REO listing expired and shortly after it was relisted with a different agent. Then it want into pending a couple of days later.

I can’t seem to find any info on it closing though and it seems that it has been pending for something like 60 days. I’m very curious at what price this place sells.

[Anonymous]

what happened with 5915 Madra? Anybody know? The REO listing expired and shortly after it was relisted with a different agent. Then it want into pending a couple of days later.

I can’t seem to find any info on it closing though and it seems that it has been pending for something like 60 days. I’m very curious at what price this place sells.

[Author]

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