- This topic has 18 replies, 10 voices, and was last updated 16 years, 7 months ago by NotCranky.
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September 20, 2007 at 12:11 PM #85313September 20, 2007 at 12:12 PM #85312HereWeGoParticipant
4runner-
Your analysis is spot on, IMO.Soon, we may see both resellers and builders chasing the market in the more primo areas.
September 20, 2007 at 12:55 PM #85318SD RealtorParticipantI think builders are already out in front and have been for awhile now. They may not have cut prices as much as everyone wants them to, but they are definitely far more aggressive then resellers. I would classify a builder as a must sell homewoner. They have no choice and have to sell the home. A reseller, unless pressed by a NOD or a relo, divorce, or other substantial event, is never as motivated as a builder. Similarly resellers are always more emotional… Hopefully they will get it eventually.
SD Realtor
September 20, 2007 at 2:36 PM #85328NotCrankyParticipantThanks to sdr and SD R for your comments.
Pt. Loma question… this listing:
http://www.sdlookup.com/MLS-076061833-3327_Lucinda_St_San_Diego_CA_92106
Bought for 1.4 million recently, plans drawn up for a new house but the old shack still stands (one bdrm, two bath). Now on sale for 1.9 million. Is this realistic? Is it worth another $500K because an architect drew up plans
This sold for a little over million 3 months before the 1.4m sale. I don’t think the architects usually make the price go up much beyond the value of any significant engineering to the land .The costal review progress is worth something and maybe those plans have to be used or the process would have to be started over.So the plans and the review progress are worth something but I don’t know how much but I have no idea what nothing like 600K or 1M. Maybe someone else knows? So the property list price is almost double from a sale last August.By the sirname the earlier sale looks like it might have been by one of the old time Portuguese, They are established there from the old tuna fishery days.I don’t know how many families are still there. The current owner is some kind of business entity.The view is marvelous.
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