Home › Forums › Closed Forums › Properties or Areas › Encinitas Ranch still overpriced
- This topic has 165 replies, 10 voices, and was last updated 15 years ago by
sdrealtor.
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July 17, 2009 at 4:58 PM #433680July 17, 2009 at 5:11 PM #432954
sdrealtor
ParticipantI’ll take a stab at that one. looking at the photos and what went into it in post builder upgrades they broke even before considering selling costs. Add those in and they lost about $100K. Another thing to consider is that even though they closed in July 2003 on a new house w/o landscaping, paint, window treatments etc. They likely went into contract in late 2002 on that. Looks like they got a 2002 price to me on that one. ouch!
July 17, 2009 at 5:11 PM #433167ParticipantI’ll take a stab at that one. looking at the photos and what went into it in post builder upgrades they broke even before considering selling costs. Add those in and they lost about $100K. Another thing to consider is that even though they closed in July 2003 on a new house w/o landscaping, paint, window treatments etc. They likely went into contract in late 2002 on that. Looks like they got a 2002 price to me on that one. ouch!
July 17, 2009 at 5:11 PM #433466ParticipantI’ll take a stab at that one. looking at the photos and what went into it in post builder upgrades they broke even before considering selling costs. Add those in and they lost about $100K. Another thing to consider is that even though they closed in July 2003 on a new house w/o landscaping, paint, window treatments etc. They likely went into contract in late 2002 on that. Looks like they got a 2002 price to me on that one. ouch!
July 17, 2009 at 5:11 PM #433536ParticipantI’ll take a stab at that one. looking at the photos and what went into it in post builder upgrades they broke even before considering selling costs. Add those in and they lost about $100K. Another thing to consider is that even though they closed in July 2003 on a new house w/o landscaping, paint, window treatments etc. They likely went into contract in late 2002 on that. Looks like they got a 2002 price to me on that one. ouch!
July 17, 2009 at 5:11 PM #433697ParticipantI’ll take a stab at that one. looking at the photos and what went into it in post builder upgrades they broke even before considering selling costs. Add those in and they lost about $100K. Another thing to consider is that even though they closed in July 2003 on a new house w/o landscaping, paint, window treatments etc. They likely went into contract in late 2002 on that. Looks like they got a 2002 price to me on that one. ouch!
July 17, 2009 at 5:24 PM #432969OntheSideLine
Participantsdr/SDR
What do you think the prices will go down to, given that the high end market has not come down drastically yet?
July 17, 2009 at 5:24 PM #433181Participantsdr/SDR
What do you think the prices will go down to, given that the high end market has not come down drastically yet?
July 17, 2009 at 5:24 PM #433481Participantsdr/SDR
What do you think the prices will go down to, given that the high end market has not come down drastically yet?
July 17, 2009 at 5:24 PM #433549Participantsdr/SDR
What do you think the prices will go down to, given that the high end market has not come down drastically yet?
July 17, 2009 at 5:24 PM #433712Participantsdr/SDR
What do you think the prices will go down to, given that the high end market has not come down drastically yet?
July 17, 2009 at 6:26 PM #433067ParticipantPersonally i wouldnt expect a house like that on Lynwood to go much below $1M if that. Houses like that sold for close to $1.7M at the peak. I’d say that house has come down about 30% or $500K whichis pretty drastically IMO.
The foam on the beer which was the easy declines have already been blown off the top. Anyhting beyond where we are now will be painful and slow.
July 17, 2009 at 6:26 PM #433279ParticipantPersonally i wouldnt expect a house like that on Lynwood to go much below $1M if that. Houses like that sold for close to $1.7M at the peak. I’d say that house has come down about 30% or $500K whichis pretty drastically IMO.
The foam on the beer which was the easy declines have already been blown off the top. Anyhting beyond where we are now will be painful and slow.
July 17, 2009 at 6:26 PM #433575ParticipantPersonally i wouldnt expect a house like that on Lynwood to go much below $1M if that. Houses like that sold for close to $1.7M at the peak. I’d say that house has come down about 30% or $500K whichis pretty drastically IMO.
The foam on the beer which was the easy declines have already been blown off the top. Anyhting beyond where we are now will be painful and slow.
July 17, 2009 at 6:26 PM #433647ParticipantPersonally i wouldnt expect a house like that on Lynwood to go much below $1M if that. Houses like that sold for close to $1.7M at the peak. I’d say that house has come down about 30% or $500K whichis pretty drastically IMO.
The foam on the beer which was the easy declines have already been blown off the top. Anyhting beyond where we are now will be painful and slow.
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