Highlands Village in Carmel Valley: need advice!

[SD Realtor]

lpetit I am not a huge fan of Sausalito. One of my good friends lives there and we always bring our kids to play with his kids. Now for HIM, it works great. He likes it alot and they are in the largest floorplan. They RENT but do not own. There are a ton of kids that his play with.

As far as yards go it is personal preference. I have to young boys, 2 large dogs and a few turtles. The boys need a big yard because we do alot of that sort of stuff and they like to explore around and destroy things so that works for them. My friend in Sausalito has a tiny yard but like I said, they don’t have the same preferences and they also have two small boys.

So the issue with the yard is more related to the way you want to raise your kids.

************

He does like how they walk across the street to school but he as also noted to me that the school is impacted in a big way. I do not know the priority of who gets to go to the schools and who does not or how that works.

************

I think from your postings CV is where you really WANT to be. So if you WANT to be there, then be there and be happy. It doesn’t sound like anything but west CV will do for you. Del Sol doesn’t do anything for you I take it. True it is farther east but at least they are detached. I don’t like Sausalito because the places are literally packed in very tight but that is just my preference.

[lepetitangel]

Hi SD Realtor,
Thanks for your candid opinions. Yah, I think the more I look the more I want to stay near the west CV area. We looked at Del Sur as well but their fees and HOA are even more outrageous than Highland Village. Yah the detached part is great but it also doesn’t have driveways.

Anyways, I will keep looking and maybe put my name down on the waitlist for Highland village. In that case, we’ll have the flexibility to determine in the future.

Also I read today in the news that Southern CA housing price increased 13% in June….I’ve seen way more inventory for June/July compared to the last few months. How is that true that housing is increasing?? I’m expecting housing price to drop in the coming month. What are your thoughts on that?

[lepetitangel]

Hi SD Realtor,
Thanks for your candid opinions. Yah, I think the more I look the more I want to stay near the west CV area. We looked at Del Sur as well but their fees and HOA are even more outrageous than Highland Village. Yah the detached part is great but it also doesn’t have driveways.

Anyways, I will keep looking and maybe put my name down on the waitlist for Highland village. In that case, we’ll have the flexibility to determine in the future.

Also I read today in the news that Southern CA housing price increased 13% in June….I’ve seen way more inventory for June/July compared to the last few months. How is that true that housing is increasing?? I’m expecting housing price to drop in the coming month. What are your thoughts on that?

[lepetitangel]

Hi SD Realtor,
Thanks for your candid opinions. Yah, I think the more I look the more I want to stay near the west CV area. We looked at Del Sur as well but their fees and HOA are even more outrageous than Highland Village. Yah the detached part is great but it also doesn’t have driveways.

Anyways, I will keep looking and maybe put my name down on the waitlist for Highland village. In that case, we’ll have the flexibility to determine in the future.

Also I read today in the news that Southern CA housing price increased 13% in June….I’ve seen way more inventory for June/July compared to the last few months. How is that true that housing is increasing?? I’m expecting housing price to drop in the coming month. What are your thoughts on that?

[lepetitangel]

Hi SD Realtor,
Thanks for your candid opinions. Yah, I think the more I look the more I want to stay near the west CV area. We looked at Del Sur as well but their fees and HOA are even more outrageous than Highland Village. Yah the detached part is great but it also doesn’t have driveways.

Anyways, I will keep looking and maybe put my name down on the waitlist for Highland village. In that case, we’ll have the flexibility to determine in the future.

Also I read today in the news that Southern CA housing price increased 13% in June….I’ve seen way more inventory for June/July compared to the last few months. How is that true that housing is increasing?? I’m expecting housing price to drop in the coming month. What are your thoughts on that?

[lepetitangel]

Hi SD Realtor,
Thanks for your candid opinions. Yah, I think the more I look the more I want to stay near the west CV area. We looked at Del Sur as well but their fees and HOA are even more outrageous than Highland Village. Yah the detached part is great but it also doesn’t have driveways.

Anyways, I will keep looking and maybe put my name down on the waitlist for Highland village. In that case, we’ll have the flexibility to determine in the future.

Also I read today in the news that Southern CA housing price increased 13% in June….I’ve seen way more inventory for June/July compared to the last few months. How is that true that housing is increasing?? I’m expecting housing price to drop in the coming month. What are your thoughts on that?

[SD Realtor]

lpetit you will not see any sort of substantial drops in housing prices in such a short timeframe, certainly not in a month or 2 months. You may see some softening as we move into the fall and winter for homes that were NOT WELL PRICED to begin with. You see alot of hopeful sellers have used the past opportunity to price their homes in a more ridiculous manner as they feel they can get a premium that no longer exists. I know a listing that will come up in Palacio in another month or so that will be that way. Anyways as those homes sit on the market some of the sellers will realize they need to price better and will reprice.

Don’t expect a rash of bank owned homes to suddenly pop up in CV either. Yes you may see occassional CV homes dribble out as they go from the trustee sale to the beneficiary and back to the open market for sale but anyone that thinks a deluge is coming is irrational. Loan mods are indeed impacting things greatly. I just pulled a CMR home off the market because HUD worked out a loan mod with Citibank on a clients first mortgage. She was selling the home and was not even needing to short the first! She was only shorting the second.

So my advice is that if you think prices are going to drop substantially I do not believe they will. Yes we have had a serious runup, and no I do not believe next June you will see a 14% hike but you will not see a major drop either.

My belief is unchanged….that we will not see substantial price drops in San Diego until mortgage rates increase dramatically. We may see smaller price fluctuations and flatness as the market reaches a new yet manipulated equilibrium. However until our credit is disrupted by bond market distortions, it is happy times.

[SD Realtor]

lpetit you will not see any sort of substantial drops in housing prices in such a short timeframe, certainly not in a month or 2 months. You may see some softening as we move into the fall and winter for homes that were NOT WELL PRICED to begin with. You see alot of hopeful sellers have used the past opportunity to price their homes in a more ridiculous manner as they feel they can get a premium that no longer exists. I know a listing that will come up in Palacio in another month or so that will be that way. Anyways as those homes sit on the market some of the sellers will realize they need to price better and will reprice.

Don’t expect a rash of bank owned homes to suddenly pop up in CV either. Yes you may see occassional CV homes dribble out as they go from the trustee sale to the beneficiary and back to the open market for sale but anyone that thinks a deluge is coming is irrational. Loan mods are indeed impacting things greatly. I just pulled a CMR home off the market because HUD worked out a loan mod with Citibank on a clients first mortgage. She was selling the home and was not even needing to short the first! She was only shorting the second.

So my advice is that if you think prices are going to drop substantially I do not believe they will. Yes we have had a serious runup, and no I do not believe next June you will see a 14% hike but you will not see a major drop either.

My belief is unchanged….that we will not see substantial price drops in San Diego until mortgage rates increase dramatically. We may see smaller price fluctuations and flatness as the market reaches a new yet manipulated equilibrium. However until our credit is disrupted by bond market distortions, it is happy times.

[SD Realtor]

lpetit you will not see any sort of substantial drops in housing prices in such a short timeframe, certainly not in a month or 2 months. You may see some softening as we move into the fall and winter for homes that were NOT WELL PRICED to begin with. You see alot of hopeful sellers have used the past opportunity to price their homes in a more ridiculous manner as they feel they can get a premium that no longer exists. I know a listing that will come up in Palacio in another month or so that will be that way. Anyways as those homes sit on the market some of the sellers will realize they need to price better and will reprice.

Don’t expect a rash of bank owned homes to suddenly pop up in CV either. Yes you may see occassional CV homes dribble out as they go from the trustee sale to the beneficiary and back to the open market for sale but anyone that thinks a deluge is coming is irrational. Loan mods are indeed impacting things greatly. I just pulled a CMR home off the market because HUD worked out a loan mod with Citibank on a clients first mortgage. She was selling the home and was not even needing to short the first! She was only shorting the second.

So my advice is that if you think prices are going to drop substantially I do not believe they will. Yes we have had a serious runup, and no I do not believe next June you will see a 14% hike but you will not see a major drop either.

My belief is unchanged….that we will not see substantial price drops in San Diego until mortgage rates increase dramatically. We may see smaller price fluctuations and flatness as the market reaches a new yet manipulated equilibrium. However until our credit is disrupted by bond market distortions, it is happy times.

[SD Realtor]

lpetit you will not see any sort of substantial drops in housing prices in such a short timeframe, certainly not in a month or 2 months. You may see some softening as we move into the fall and winter for homes that were NOT WELL PRICED to begin with. You see alot of hopeful sellers have used the past opportunity to price their homes in a more ridiculous manner as they feel they can get a premium that no longer exists. I know a listing that will come up in Palacio in another month or so that will be that way. Anyways as those homes sit on the market some of the sellers will realize they need to price better and will reprice.

Don’t expect a rash of bank owned homes to suddenly pop up in CV either. Yes you may see occassional CV homes dribble out as they go from the trustee sale to the beneficiary and back to the open market for sale but anyone that thinks a deluge is coming is irrational. Loan mods are indeed impacting things greatly. I just pulled a CMR home off the market because HUD worked out a loan mod with Citibank on a clients first mortgage. She was selling the home and was not even needing to short the first! She was only shorting the second.

So my advice is that if you think prices are going to drop substantially I do not believe they will. Yes we have had a serious runup, and no I do not believe next June you will see a 14% hike but you will not see a major drop either.

My belief is unchanged….that we will not see substantial price drops in San Diego until mortgage rates increase dramatically. We may see smaller price fluctuations and flatness as the market reaches a new yet manipulated equilibrium. However until our credit is disrupted by bond market distortions, it is happy times.

[SD Realtor]

lpetit you will not see any sort of substantial drops in housing prices in such a short timeframe, certainly not in a month or 2 months. You may see some softening as we move into the fall and winter for homes that were NOT WELL PRICED to begin with. You see alot of hopeful sellers have used the past opportunity to price their homes in a more ridiculous manner as they feel they can get a premium that no longer exists. I know a listing that will come up in Palacio in another month or so that will be that way. Anyways as those homes sit on the market some of the sellers will realize they need to price better and will reprice.

Don’t expect a rash of bank owned homes to suddenly pop up in CV either. Yes you may see occassional CV homes dribble out as they go from the trustee sale to the beneficiary and back to the open market for sale but anyone that thinks a deluge is coming is irrational. Loan mods are indeed impacting things greatly. I just pulled a CMR home off the market because HUD worked out a loan mod with Citibank on a clients first mortgage. She was selling the home and was not even needing to short the first! She was only shorting the second.

So my advice is that if you think prices are going to drop substantially I do not believe they will. Yes we have had a serious runup, and no I do not believe next June you will see a 14% hike but you will not see a major drop either.

My belief is unchanged….that we will not see substantial price drops in San Diego until mortgage rates increase dramatically. We may see smaller price fluctuations and flatness as the market reaches a new yet manipulated equilibrium. However until our credit is disrupted by bond market distortions, it is happy times.

[CA renter]

[quote=SD Realtor]My belief is unchanged….that we will not see substantial price drops in San Diego until mortgage rates increase dramatically. We may see smaller price fluctuations and flatness as the market reaches a new yet manipulated equilibrium. However until our credit is disrupted by bond market distortions, it is happy times.[/quote]

We’re very much in agreement on this. Interest rates will play an important part in housing prices as we move forward.

[CA renter]

[quote=SD Realtor]My belief is unchanged….that we will not see substantial price drops in San Diego until mortgage rates increase dramatically. We may see smaller price fluctuations and flatness as the market reaches a new yet manipulated equilibrium. However until our credit is disrupted by bond market distortions, it is happy times.[/quote]

We’re very much in agreement on this. Interest rates will play an important part in housing prices as we move forward.

[CA renter]

[quote=SD Realtor]My belief is unchanged….that we will not see substantial price drops in San Diego until mortgage rates increase dramatically. We may see smaller price fluctuations and flatness as the market reaches a new yet manipulated equilibrium. However until our credit is disrupted by bond market distortions, it is happy times.[/quote]

We’re very much in agreement on this. Interest rates will play an important part in housing prices as we move forward.

[CA renter]

[quote=SD Realtor]My belief is unchanged….that we will not see substantial price drops in San Diego until mortgage rates increase dramatically. We may see smaller price fluctuations and flatness as the market reaches a new yet manipulated equilibrium. However until our credit is disrupted by bond market distortions, it is happy times.[/quote]

We’re very much in agreement on this. Interest rates will play an important part in housing prices as we move forward.

[Author]

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