- This topic has 60 replies, 10 voices, and was last updated 16 years, 7 months ago by farbet.
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May 14, 2008 at 2:09 PM #204109May 14, 2008 at 6:30 PM #204261sdrealtorParticipant
I’ll bite as I know this tract as well or better than anyone I’ve ever met. In addition to mountain biking extensively on the land before it was built, I looked at every builders homes from day 1 and have all the original floorplans for all of them. I’ve followed the market there like a hawk for about 7 years.
4BR/2800 sq ft should be doable within the next 12 months at 750K and it might even be a decent lot/location. 12 months after that 700K should be doable. Prices may hit 650K at a bottom but that is iffy and probably for a house you wouldnt necessarily want to buy. Just my opinion which is worth as much as you just paid for it…
Anymore questions?
May 14, 2008 at 6:30 PM #204344sdrealtorParticipantI’ll bite as I know this tract as well or better than anyone I’ve ever met. In addition to mountain biking extensively on the land before it was built, I looked at every builders homes from day 1 and have all the original floorplans for all of them. I’ve followed the market there like a hawk for about 7 years.
4BR/2800 sq ft should be doable within the next 12 months at 750K and it might even be a decent lot/location. 12 months after that 700K should be doable. Prices may hit 650K at a bottom but that is iffy and probably for a house you wouldnt necessarily want to buy. Just my opinion which is worth as much as you just paid for it…
Anymore questions?
May 14, 2008 at 6:30 PM #204311sdrealtorParticipantI’ll bite as I know this tract as well or better than anyone I’ve ever met. In addition to mountain biking extensively on the land before it was built, I looked at every builders homes from day 1 and have all the original floorplans for all of them. I’ve followed the market there like a hawk for about 7 years.
4BR/2800 sq ft should be doable within the next 12 months at 750K and it might even be a decent lot/location. 12 months after that 700K should be doable. Prices may hit 650K at a bottom but that is iffy and probably for a house you wouldnt necessarily want to buy. Just my opinion which is worth as much as you just paid for it…
Anymore questions?
May 14, 2008 at 6:30 PM #204289sdrealtorParticipantI’ll bite as I know this tract as well or better than anyone I’ve ever met. In addition to mountain biking extensively on the land before it was built, I looked at every builders homes from day 1 and have all the original floorplans for all of them. I’ve followed the market there like a hawk for about 7 years.
4BR/2800 sq ft should be doable within the next 12 months at 750K and it might even be a decent lot/location. 12 months after that 700K should be doable. Prices may hit 650K at a bottom but that is iffy and probably for a house you wouldnt necessarily want to buy. Just my opinion which is worth as much as you just paid for it…
Anymore questions?
May 14, 2008 at 6:30 PM #204212sdrealtorParticipantI’ll bite as I know this tract as well or better than anyone I’ve ever met. In addition to mountain biking extensively on the land before it was built, I looked at every builders homes from day 1 and have all the original floorplans for all of them. I’ve followed the market there like a hawk for about 7 years.
4BR/2800 sq ft should be doable within the next 12 months at 750K and it might even be a decent lot/location. 12 months after that 700K should be doable. Prices may hit 650K at a bottom but that is iffy and probably for a house you wouldnt necessarily want to buy. Just my opinion which is worth as much as you just paid for it…
Anymore questions?
May 14, 2008 at 8:46 PM #204297sdduuuudeParticipantWe should all make a listing in a thread titled “Standard Answer”
Each person posts their answer to this question, then we have Rich lock it.
Whenever someone posts this question, someone can just post a link to it and save alot of time.
May 14, 2008 at 8:46 PM #204345sdduuuudeParticipantWe should all make a listing in a thread titled “Standard Answer”
Each person posts their answer to this question, then we have Rich lock it.
Whenever someone posts this question, someone can just post a link to it and save alot of time.
May 14, 2008 at 8:46 PM #204373sdduuuudeParticipantWe should all make a listing in a thread titled “Standard Answer”
Each person posts their answer to this question, then we have Rich lock it.
Whenever someone posts this question, someone can just post a link to it and save alot of time.
May 14, 2008 at 8:46 PM #204396sdduuuudeParticipantWe should all make a listing in a thread titled “Standard Answer”
Each person posts their answer to this question, then we have Rich lock it.
Whenever someone posts this question, someone can just post a link to it and save alot of time.
May 14, 2008 at 8:46 PM #204429sdduuuudeParticipantWe should all make a listing in a thread titled “Standard Answer”
Each person posts their answer to this question, then we have Rich lock it.
Whenever someone posts this question, someone can just post a link to it and save alot of time.
May 19, 2008 at 9:36 AM #207388waiting for bottomParticipantI did a lot of looking this weekend and concluded that it would be idiotic to buy now. Emotion got a hold of me for a couple of weeks, it’s nice to be back in logic land.
There are a few very nice houses on cul-de-sacs asking over $1.1M; using the case-schiller index they should be $850-900K at best…and that’s based on February pricing.
The cheapest of the houses that are on Grado El Tupelo and Corte Acebo are just that…cheap. And they are listed at $800K. Again, using CSI these should be at 725-750K and I would expect a 6% drop or so over the next two month.
I predict that at this time next year, you will see the same thing in LCV that we are currenly seeing in SEH: 20% lower prices and bidding wars on those priced aggressively.
May 19, 2008 at 9:36 AM #207444waiting for bottomParticipantI did a lot of looking this weekend and concluded that it would be idiotic to buy now. Emotion got a hold of me for a couple of weeks, it’s nice to be back in logic land.
There are a few very nice houses on cul-de-sacs asking over $1.1M; using the case-schiller index they should be $850-900K at best…and that’s based on February pricing.
The cheapest of the houses that are on Grado El Tupelo and Corte Acebo are just that…cheap. And they are listed at $800K. Again, using CSI these should be at 725-750K and I would expect a 6% drop or so over the next two month.
I predict that at this time next year, you will see the same thing in LCV that we are currenly seeing in SEH: 20% lower prices and bidding wars on those priced aggressively.
May 19, 2008 at 9:36 AM #207477waiting for bottomParticipantI did a lot of looking this weekend and concluded that it would be idiotic to buy now. Emotion got a hold of me for a couple of weeks, it’s nice to be back in logic land.
There are a few very nice houses on cul-de-sacs asking over $1.1M; using the case-schiller index they should be $850-900K at best…and that’s based on February pricing.
The cheapest of the houses that are on Grado El Tupelo and Corte Acebo are just that…cheap. And they are listed at $800K. Again, using CSI these should be at 725-750K and I would expect a 6% drop or so over the next two month.
I predict that at this time next year, you will see the same thing in LCV that we are currenly seeing in SEH: 20% lower prices and bidding wars on those priced aggressively.
May 19, 2008 at 9:36 AM #207498waiting for bottomParticipantI did a lot of looking this weekend and concluded that it would be idiotic to buy now. Emotion got a hold of me for a couple of weeks, it’s nice to be back in logic land.
There are a few very nice houses on cul-de-sacs asking over $1.1M; using the case-schiller index they should be $850-900K at best…and that’s based on February pricing.
The cheapest of the houses that are on Grado El Tupelo and Corte Acebo are just that…cheap. And they are listed at $800K. Again, using CSI these should be at 725-750K and I would expect a 6% drop or so over the next two month.
I predict that at this time next year, you will see the same thing in LCV that we are currenly seeing in SEH: 20% lower prices and bidding wars on those priced aggressively.
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