- This topic has 185 replies, 15 voices, and was last updated 16 years, 5 months ago by
1ABHO.
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January 6, 2008 at 11:47 PM #131082January 7, 2008 at 6:42 AM #130825
CoronitaParticipantJust making sure it's not a typo. You said Caminito Stella has 14 offers???
Ok, so if that's an indication…We're still pretty far from any downward spiral in CV. (Sorry to any of those hoping for something REO priced at $1.5million to be purchasable for $750k).
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
January 7, 2008 at 6:42 AM #131005CoronitaParticipantJust making sure it's not a typo. You said Caminito Stella has 14 offers???
Ok, so if that's an indication…We're still pretty far from any downward spiral in CV. (Sorry to any of those hoping for something REO priced at $1.5million to be purchasable for $750k).
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
January 7, 2008 at 6:42 AM #131011CoronitaParticipantJust making sure it's not a typo. You said Caminito Stella has 14 offers???
Ok, so if that's an indication…We're still pretty far from any downward spiral in CV. (Sorry to any of those hoping for something REO priced at $1.5million to be purchasable for $750k).
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
January 7, 2008 at 6:42 AM #131072CoronitaParticipantJust making sure it's not a typo. You said Caminito Stella has 14 offers???
Ok, so if that's an indication…We're still pretty far from any downward spiral in CV. (Sorry to any of those hoping for something REO priced at $1.5million to be purchasable for $750k).
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
January 7, 2008 at 6:42 AM #131107CoronitaParticipantJust making sure it's not a typo. You said Caminito Stella has 14 offers???
Ok, so if that's an indication…We're still pretty far from any downward spiral in CV. (Sorry to any of those hoping for something REO priced at $1.5million to be purchasable for $750k).
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
January 7, 2008 at 7:57 AM #130860SD Realtor
ParticipantYeah it is a drag. Still that is alot less then what it went for originally. Hey when it is all said and done we will see depreciation for this home compared to the previous purpose.
The Mesa Norte derby will start soon as well. That home should get BPO’d and appraised any day now and the second it hits the MLS it will be another frenzy if they price it in the 1.7-1.9 range like I think they will.
SD Realtor
January 7, 2008 at 7:57 AM #131040ParticipantYeah it is a drag. Still that is alot less then what it went for originally. Hey when it is all said and done we will see depreciation for this home compared to the previous purpose.
The Mesa Norte derby will start soon as well. That home should get BPO’d and appraised any day now and the second it hits the MLS it will be another frenzy if they price it in the 1.7-1.9 range like I think they will.
SD Realtor
January 7, 2008 at 7:57 AM #131046ParticipantYeah it is a drag. Still that is alot less then what it went for originally. Hey when it is all said and done we will see depreciation for this home compared to the previous purpose.
The Mesa Norte derby will start soon as well. That home should get BPO’d and appraised any day now and the second it hits the MLS it will be another frenzy if they price it in the 1.7-1.9 range like I think they will.
SD Realtor
January 7, 2008 at 7:57 AM #131108ParticipantYeah it is a drag. Still that is alot less then what it went for originally. Hey when it is all said and done we will see depreciation for this home compared to the previous purpose.
The Mesa Norte derby will start soon as well. That home should get BPO’d and appraised any day now and the second it hits the MLS it will be another frenzy if they price it in the 1.7-1.9 range like I think they will.
SD Realtor
January 7, 2008 at 7:57 AM #131143ParticipantYeah it is a drag. Still that is alot less then what it went for originally. Hey when it is all said and done we will see depreciation for this home compared to the previous purpose.
The Mesa Norte derby will start soon as well. That home should get BPO’d and appraised any day now and the second it hits the MLS it will be another frenzy if they price it in the 1.7-1.9 range like I think they will.
SD Realtor
January 7, 2008 at 12:53 PM #130964Fearful
ParticipantGee, I don’t think it’s a drag at all. $1.5M, that is a whopping 25% haircut, no? In fact, I think it is fantastic that people are auctioning houses. These are sellers that are facing reality. I sold my house in San Jose in the same manner, pricing it about 5% below expected selling price and taking what I could get. Sales like these are what move the market, not stagnant, unrealistic listings.
Still, I know I am outside the mainstream in my pessimism, but I believe further price declines will hit these guys like mule kicks to the gut.
January 7, 2008 at 12:53 PM #131144ParticipantGee, I don’t think it’s a drag at all. $1.5M, that is a whopping 25% haircut, no? In fact, I think it is fantastic that people are auctioning houses. These are sellers that are facing reality. I sold my house in San Jose in the same manner, pricing it about 5% below expected selling price and taking what I could get. Sales like these are what move the market, not stagnant, unrealistic listings.
Still, I know I am outside the mainstream in my pessimism, but I believe further price declines will hit these guys like mule kicks to the gut.
January 7, 2008 at 12:53 PM #131151ParticipantGee, I don’t think it’s a drag at all. $1.5M, that is a whopping 25% haircut, no? In fact, I think it is fantastic that people are auctioning houses. These are sellers that are facing reality. I sold my house in San Jose in the same manner, pricing it about 5% below expected selling price and taking what I could get. Sales like these are what move the market, not stagnant, unrealistic listings.
Still, I know I am outside the mainstream in my pessimism, but I believe further price declines will hit these guys like mule kicks to the gut.
January 7, 2008 at 12:53 PM #131212ParticipantGee, I don’t think it’s a drag at all. $1.5M, that is a whopping 25% haircut, no? In fact, I think it is fantastic that people are auctioning houses. These are sellers that are facing reality. I sold my house in San Jose in the same manner, pricing it about 5% below expected selling price and taking what I could get. Sales like these are what move the market, not stagnant, unrealistic listings.
Still, I know I am outside the mainstream in my pessimism, but I believe further price declines will hit these guys like mule kicks to the gut.
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