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lepetitangel.
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February 20, 2011 at 9:29 PM #670093February 20, 2011 at 9:43 PM #668957
lepetitangel
ParticipantWow ZK you really know the area very well!
I read on the forum that you finally bought something last year. Did you look into this area of CV for a long while and you finally bought something you like cuz the price just never dropped to what you had wanted?Yah…canyon-back homes. We love that feature but don’t know if that’s the only reason why they’re selling far more than the ones without the few. I guess the limited supply.
February 20, 2011 at 9:43 PM #669019ParticipantWow ZK you really know the area very well!
I read on the forum that you finally bought something last year. Did you look into this area of CV for a long while and you finally bought something you like cuz the price just never dropped to what you had wanted?Yah…canyon-back homes. We love that feature but don’t know if that’s the only reason why they’re selling far more than the ones without the few. I guess the limited supply.
February 20, 2011 at 9:43 PM #669626ParticipantWow ZK you really know the area very well!
I read on the forum that you finally bought something last year. Did you look into this area of CV for a long while and you finally bought something you like cuz the price just never dropped to what you had wanted?Yah…canyon-back homes. We love that feature but don’t know if that’s the only reason why they’re selling far more than the ones without the few. I guess the limited supply.
February 20, 2011 at 9:43 PM #669765ParticipantWow ZK you really know the area very well!
I read on the forum that you finally bought something last year. Did you look into this area of CV for a long while and you finally bought something you like cuz the price just never dropped to what you had wanted?Yah…canyon-back homes. We love that feature but don’t know if that’s the only reason why they’re selling far more than the ones without the few. I guess the limited supply.
February 20, 2011 at 9:43 PM #670108ParticipantWow ZK you really know the area very well!
I read on the forum that you finally bought something last year. Did you look into this area of CV for a long while and you finally bought something you like cuz the price just never dropped to what you had wanted?Yah…canyon-back homes. We love that feature but don’t know if that’s the only reason why they’re selling far more than the ones without the few. I guess the limited supply.
February 21, 2011 at 4:15 AM #669027
CoronitaParticipant[quote=zk][quote=flu] in my mind, even at the height, $350/sqft seems about reasonable.[/quote]
The key here is, “in my mind…seems.”
$350 seems reasonable in my mind, too. But that’s not what they’re selling for. That’s not what they sold for at the height, either.
I agree that the contestant number 2 got a lot for his house. I was surpised he got that much. That does kind of seem like peak pricing. It reminds me of 5880 Great Meadow in Saratoga. It was a foreclosure for sale this summer. Nice house, about 2700 sf, big lot, on a canyon, with a pool and spa. We offered a million on it, figuring it might get a million fifty. Some joker bid $1,180,000. I’d bet the second highest bid was a hundred grand less than that.
In any case, that’s what they’re selling for right now. There’s a limited supply of canyon-backing homes, and when they come on the market, there’s people who want them and will pay for them.
The last low point came in 2009. 5001 Manor Ridge was a 2700 sf Belmont on the canyon. No upgrades, ordinary lot. Sold for $925k. You can’t find that now. So prices have definitely gone up since then. Will they go back down there? Maybe. Maybe not. Who knows, really?[/quote]
Well, zk. Here’s the thing. I don’t disagree that homes are selling at this price…It’s just seems crazy.. I’m looking at all the SDlookup listings for 92130 in the price range between $800k to $1million. I don’t recall even in 2004, many situations in which 2600-3000sqft homes where commanding $400+/sqft even when inventory was tight and had multiple offers on them. And we’re supppose to be in an economy slump now where there is significantly more foreclosures/short sales/etc. So it’s really hard for me to understand…
February 21, 2011 at 4:15 AM #669089CoronitaParticipant[quote=zk][quote=flu] in my mind, even at the height, $350/sqft seems about reasonable.[/quote]
The key here is, “in my mind…seems.”
$350 seems reasonable in my mind, too. But that’s not what they’re selling for. That’s not what they sold for at the height, either.
I agree that the contestant number 2 got a lot for his house. I was surpised he got that much. That does kind of seem like peak pricing. It reminds me of 5880 Great Meadow in Saratoga. It was a foreclosure for sale this summer. Nice house, about 2700 sf, big lot, on a canyon, with a pool and spa. We offered a million on it, figuring it might get a million fifty. Some joker bid $1,180,000. I’d bet the second highest bid was a hundred grand less than that.
In any case, that’s what they’re selling for right now. There’s a limited supply of canyon-backing homes, and when they come on the market, there’s people who want them and will pay for them.
The last low point came in 2009. 5001 Manor Ridge was a 2700 sf Belmont on the canyon. No upgrades, ordinary lot. Sold for $925k. You can’t find that now. So prices have definitely gone up since then. Will they go back down there? Maybe. Maybe not. Who knows, really?[/quote]
Well, zk. Here’s the thing. I don’t disagree that homes are selling at this price…It’s just seems crazy.. I’m looking at all the SDlookup listings for 92130 in the price range between $800k to $1million. I don’t recall even in 2004, many situations in which 2600-3000sqft homes where commanding $400+/sqft even when inventory was tight and had multiple offers on them. And we’re supppose to be in an economy slump now where there is significantly more foreclosures/short sales/etc. So it’s really hard for me to understand…
February 21, 2011 at 4:15 AM #669696CoronitaParticipant[quote=zk][quote=flu] in my mind, even at the height, $350/sqft seems about reasonable.[/quote]
The key here is, “in my mind…seems.”
$350 seems reasonable in my mind, too. But that’s not what they’re selling for. That’s not what they sold for at the height, either.
I agree that the contestant number 2 got a lot for his house. I was surpised he got that much. That does kind of seem like peak pricing. It reminds me of 5880 Great Meadow in Saratoga. It was a foreclosure for sale this summer. Nice house, about 2700 sf, big lot, on a canyon, with a pool and spa. We offered a million on it, figuring it might get a million fifty. Some joker bid $1,180,000. I’d bet the second highest bid was a hundred grand less than that.
In any case, that’s what they’re selling for right now. There’s a limited supply of canyon-backing homes, and when they come on the market, there’s people who want them and will pay for them.
The last low point came in 2009. 5001 Manor Ridge was a 2700 sf Belmont on the canyon. No upgrades, ordinary lot. Sold for $925k. You can’t find that now. So prices have definitely gone up since then. Will they go back down there? Maybe. Maybe not. Who knows, really?[/quote]
Well, zk. Here’s the thing. I don’t disagree that homes are selling at this price…It’s just seems crazy.. I’m looking at all the SDlookup listings for 92130 in the price range between $800k to $1million. I don’t recall even in 2004, many situations in which 2600-3000sqft homes where commanding $400+/sqft even when inventory was tight and had multiple offers on them. And we’re supppose to be in an economy slump now where there is significantly more foreclosures/short sales/etc. So it’s really hard for me to understand…
February 21, 2011 at 4:15 AM #669835CoronitaParticipant[quote=zk][quote=flu] in my mind, even at the height, $350/sqft seems about reasonable.[/quote]
The key here is, “in my mind…seems.”
$350 seems reasonable in my mind, too. But that’s not what they’re selling for. That’s not what they sold for at the height, either.
I agree that the contestant number 2 got a lot for his house. I was surpised he got that much. That does kind of seem like peak pricing. It reminds me of 5880 Great Meadow in Saratoga. It was a foreclosure for sale this summer. Nice house, about 2700 sf, big lot, on a canyon, with a pool and spa. We offered a million on it, figuring it might get a million fifty. Some joker bid $1,180,000. I’d bet the second highest bid was a hundred grand less than that.
In any case, that’s what they’re selling for right now. There’s a limited supply of canyon-backing homes, and when they come on the market, there’s people who want them and will pay for them.
The last low point came in 2009. 5001 Manor Ridge was a 2700 sf Belmont on the canyon. No upgrades, ordinary lot. Sold for $925k. You can’t find that now. So prices have definitely gone up since then. Will they go back down there? Maybe. Maybe not. Who knows, really?[/quote]
Well, zk. Here’s the thing. I don’t disagree that homes are selling at this price…It’s just seems crazy.. I’m looking at all the SDlookup listings for 92130 in the price range between $800k to $1million. I don’t recall even in 2004, many situations in which 2600-3000sqft homes where commanding $400+/sqft even when inventory was tight and had multiple offers on them. And we’re supppose to be in an economy slump now where there is significantly more foreclosures/short sales/etc. So it’s really hard for me to understand…
February 21, 2011 at 4:15 AM #670178CoronitaParticipant[quote=zk][quote=flu] in my mind, even at the height, $350/sqft seems about reasonable.[/quote]
The key here is, “in my mind…seems.”
$350 seems reasonable in my mind, too. But that’s not what they’re selling for. That’s not what they sold for at the height, either.
I agree that the contestant number 2 got a lot for his house. I was surpised he got that much. That does kind of seem like peak pricing. It reminds me of 5880 Great Meadow in Saratoga. It was a foreclosure for sale this summer. Nice house, about 2700 sf, big lot, on a canyon, with a pool and spa. We offered a million on it, figuring it might get a million fifty. Some joker bid $1,180,000. I’d bet the second highest bid was a hundred grand less than that.
In any case, that’s what they’re selling for right now. There’s a limited supply of canyon-backing homes, and when they come on the market, there’s people who want them and will pay for them.
The last low point came in 2009. 5001 Manor Ridge was a 2700 sf Belmont on the canyon. No upgrades, ordinary lot. Sold for $925k. You can’t find that now. So prices have definitely gone up since then. Will they go back down there? Maybe. Maybe not. Who knows, really?[/quote]
Well, zk. Here’s the thing. I don’t disagree that homes are selling at this price…It’s just seems crazy.. I’m looking at all the SDlookup listings for 92130 in the price range between $800k to $1million. I don’t recall even in 2004, many situations in which 2600-3000sqft homes where commanding $400+/sqft even when inventory was tight and had multiple offers on them. And we’re supppose to be in an economy slump now where there is significantly more foreclosures/short sales/etc. So it’s really hard for me to understand…
February 21, 2011 at 4:20 AM #669032CoronitaParticipant[quote=lepetitangel]Hi Flu what do you mean by the inventory looking lousy almost as bad as in 2004?
Do you mean that in 2004 houses were selling fast so there’re barely any good inventory left?How much more would you pay for something that has a unobstructed canyon view compared to a standard spacious backyard/pool? How do people evaluate how much a “view” is worth?[/quote]
You’re asking the wrong person here about view. Because I laugh at what they call “view” in Carmel Valley. I grew up spoiled, because my parent’s home in so cal, have ocean “view” in the sense that you have end to end home ocean view…Not the “view” that homes define here, which is like you have ocean view if you look out of the upstairs bathroom window and see 3 inches of ocean.
In 2004, it wasn’t peak. But homes were snatched up pretty quickly with multiple counters…But even so, I don’t recall seeing tract homes in this 2600-3000sqft range commanding $400/sqft….or maybe they were but I just didn’t bid on those….
February 21, 2011 at 4:20 AM #669094CoronitaParticipant[quote=lepetitangel]Hi Flu what do you mean by the inventory looking lousy almost as bad as in 2004?
Do you mean that in 2004 houses were selling fast so there’re barely any good inventory left?How much more would you pay for something that has a unobstructed canyon view compared to a standard spacious backyard/pool? How do people evaluate how much a “view” is worth?[/quote]
You’re asking the wrong person here about view. Because I laugh at what they call “view” in Carmel Valley. I grew up spoiled, because my parent’s home in so cal, have ocean “view” in the sense that you have end to end home ocean view…Not the “view” that homes define here, which is like you have ocean view if you look out of the upstairs bathroom window and see 3 inches of ocean.
In 2004, it wasn’t peak. But homes were snatched up pretty quickly with multiple counters…But even so, I don’t recall seeing tract homes in this 2600-3000sqft range commanding $400/sqft….or maybe they were but I just didn’t bid on those….
February 21, 2011 at 4:20 AM #669701CoronitaParticipant[quote=lepetitangel]Hi Flu what do you mean by the inventory looking lousy almost as bad as in 2004?
Do you mean that in 2004 houses were selling fast so there’re barely any good inventory left?How much more would you pay for something that has a unobstructed canyon view compared to a standard spacious backyard/pool? How do people evaluate how much a “view” is worth?[/quote]
You’re asking the wrong person here about view. Because I laugh at what they call “view” in Carmel Valley. I grew up spoiled, because my parent’s home in so cal, have ocean “view” in the sense that you have end to end home ocean view…Not the “view” that homes define here, which is like you have ocean view if you look out of the upstairs bathroom window and see 3 inches of ocean.
In 2004, it wasn’t peak. But homes were snatched up pretty quickly with multiple counters…But even so, I don’t recall seeing tract homes in this 2600-3000sqft range commanding $400/sqft….or maybe they were but I just didn’t bid on those….
February 21, 2011 at 4:20 AM #669840CoronitaParticipant[quote=lepetitangel]Hi Flu what do you mean by the inventory looking lousy almost as bad as in 2004?
Do you mean that in 2004 houses were selling fast so there’re barely any good inventory left?How much more would you pay for something that has a unobstructed canyon view compared to a standard spacious backyard/pool? How do people evaluate how much a “view” is worth?[/quote]
You’re asking the wrong person here about view. Because I laugh at what they call “view” in Carmel Valley. I grew up spoiled, because my parent’s home in so cal, have ocean “view” in the sense that you have end to end home ocean view…Not the “view” that homes define here, which is like you have ocean view if you look out of the upstairs bathroom window and see 3 inches of ocean.
In 2004, it wasn’t peak. But homes were snatched up pretty quickly with multiple counters…But even so, I don’t recall seeing tract homes in this 2600-3000sqft range commanding $400/sqft….or maybe they were but I just didn’t bid on those….
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