La Costa Valley – Breakthrough?

[waiting for bottom]

2282 Paseo Saucedal – $699k!! Listed (again) yesterday. These models were going for $899K back in 2005.

2283 Paeso Saucedal is at $799K (Same model), as is Corte Limon – a larger house on a culdesac.

2282 is not the best house in the world but for me this seems like a breakthrough.

SEH one year ago was in this situation: inventory building, sales slowing…a below-average house drops price and sells, then comps adjust and next thing you know $150K is shed pretty fast.

sdr…thoughts?

[PadreBrian]

These houses should be in the upper 5’s…so they have a lil way to go. They should support a family making 150k a year.

[PadreBrian]

These houses should be in the upper 5’s…so they have a lil way to go. They should support a family making 150k a year.

[PadreBrian]

These houses should be in the upper 5’s…so they have a lil way to go. They should support a family making 150k a year.

[PadreBrian]

These houses should be in the upper 5’s…so they have a lil way to go. They should support a family making 150k a year.

[PadreBrian]

These houses should be in the upper 5’s…so they have a lil way to go. They should support a family making 150k a year.

[sdrealtor]

2282 is not a representative example. It’s a very clumsy floorplan, with a drop-in fiber glass “see meant” pond out back, mis matched upgrades (if you can call them that) and unrealistic sellers. It’s in the hands of original owners that hired an inexperienced agent their first go round who let them dramatically over price their home. Now they have hired an ineffective agent who has probably tried to convince them they will get a bidding war with that price. The challenges that house present are too overwhelming for an out pouring of interest. A house like that never would have sold for 899K even at the absolute peak.

Corte Limon is the one I would watch as an indicator.

[sdrealtor]

2282 is not a representative example. It’s a very clumsy floorplan, with a drop-in fiber glass “see meant” pond out back, mis matched upgrades (if you can call them that) and unrealistic sellers. It’s in the hands of original owners that hired an inexperienced agent their first go round who let them dramatically over price their home. Now they have hired an ineffective agent who has probably tried to convince them they will get a bidding war with that price. The challenges that house present are too overwhelming for an out pouring of interest. A house like that never would have sold for 899K even at the absolute peak.

Corte Limon is the one I would watch as an indicator.

[sdrealtor]

2282 is not a representative example. It’s a very clumsy floorplan, with a drop-in fiber glass “see meant” pond out back, mis matched upgrades (if you can call them that) and unrealistic sellers. It’s in the hands of original owners that hired an inexperienced agent their first go round who let them dramatically over price their home. Now they have hired an ineffective agent who has probably tried to convince them they will get a bidding war with that price. The challenges that house present are too overwhelming for an out pouring of interest. A house like that never would have sold for 899K even at the absolute peak.

Corte Limon is the one I would watch as an indicator.

[sdrealtor]

2282 is not a representative example. It’s a very clumsy floorplan, with a drop-in fiber glass “see meant” pond out back, mis matched upgrades (if you can call them that) and unrealistic sellers. It’s in the hands of original owners that hired an inexperienced agent their first go round who let them dramatically over price their home. Now they have hired an ineffective agent who has probably tried to convince them they will get a bidding war with that price. The challenges that house present are too overwhelming for an out pouring of interest. A house like that never would have sold for 899K even at the absolute peak.

Corte Limon is the one I would watch as an indicator.

[sdrealtor]

2282 is not a representative example. It’s a very clumsy floorplan, with a drop-in fiber glass “see meant” pond out back, mis matched upgrades (if you can call them that) and unrealistic sellers. It’s in the hands of original owners that hired an inexperienced agent their first go round who let them dramatically over price their home. Now they have hired an ineffective agent who has probably tried to convince them they will get a bidding war with that price. The challenges that house present are too overwhelming for an out pouring of interest. A house like that never would have sold for 899K even at the absolute peak.

Corte Limon is the one I would watch as an indicator.

[waiting for bottom]

Thanks for the insight.

What do you think Corte Limon would have gone for around the peak?

I walked through it last weekend and it has some strong pluses (culdesac, yard, 5 beds) and minor minuses (small master, one bed converted into Gym, weird jacknjill upstairs).

It’s priced right for today’s market but I guess it all depends on how you view tomorrow’s market. I’d consider buying it at 700K next year.

[waiting for bottom]

Thanks for the insight.

What do you think Corte Limon would have gone for around the peak?

I walked through it last weekend and it has some strong pluses (culdesac, yard, 5 beds) and minor minuses (small master, one bed converted into Gym, weird jacknjill upstairs).

It’s priced right for today’s market but I guess it all depends on how you view tomorrow’s market. I’d consider buying it at 700K next year.

[waiting for bottom]

Thanks for the insight.

What do you think Corte Limon would have gone for around the peak?

I walked through it last weekend and it has some strong pluses (culdesac, yard, 5 beds) and minor minuses (small master, one bed converted into Gym, weird jacknjill upstairs).

It’s priced right for today’s market but I guess it all depends on how you view tomorrow’s market. I’d consider buying it at 700K next year.

[waiting for bottom]

Thanks for the insight.

What do you think Corte Limon would have gone for around the peak?

I walked through it last weekend and it has some strong pluses (culdesac, yard, 5 beds) and minor minuses (small master, one bed converted into Gym, weird jacknjill upstairs).

It’s priced right for today’s market but I guess it all depends on how you view tomorrow’s market. I’d consider buying it at 700K next year.

[Author]

Posts