Home › Forums › Housing › La Jolla SFRs at $583/Sqft. last month. Condos also drop over 45% in Price
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jpinpb.
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July 27, 2008 at 9:50 AM #13436July 27, 2008 at 10:18 AM #247779
bsrsharma
ParticipantWhat is going on here?
Bear market on Wall Street; Hedge fund meltdown?
Sales are also down at luxury retailers http://www.nytimes.com/2008/03/06/business/06saks.html?_r=1&oref=slogin
American Express is seeing larger write offs.
July 27, 2008 at 10:18 AM #247934ParticipantWhat is going on here?
Bear market on Wall Street; Hedge fund meltdown?
Sales are also down at luxury retailers http://www.nytimes.com/2008/03/06/business/06saks.html?_r=1&oref=slogin
American Express is seeing larger write offs.
July 27, 2008 at 10:18 AM #247938ParticipantWhat is going on here?
Bear market on Wall Street; Hedge fund meltdown?
Sales are also down at luxury retailers http://www.nytimes.com/2008/03/06/business/06saks.html?_r=1&oref=slogin
American Express is seeing larger write offs.
July 27, 2008 at 10:18 AM #247997ParticipantWhat is going on here?
Bear market on Wall Street; Hedge fund meltdown?
Sales are also down at luxury retailers http://www.nytimes.com/2008/03/06/business/06saks.html?_r=1&oref=slogin
American Express is seeing larger write offs.
July 27, 2008 at 10:18 AM #248001ParticipantWhat is going on here?
Bear market on Wall Street; Hedge fund meltdown?
Sales are also down at luxury retailers http://www.nytimes.com/2008/03/06/business/06saks.html?_r=1&oref=slogin
American Express is seeing larger write offs.
July 27, 2008 at 11:09 AM #247804La Jolla Renter
ParticipantThe monthly Data Quick numbers fluctuate a lot. Next month they could be up 20%.
LJ is definelty not down 38% for sigle family homes in the last year. It is probley only down 15% – 20% at most from the peak 3 years ago.
The water is looking pretty choppy though. Inventory is growing, jumbo interest rates are 7.5%ish, and the foreign buyers that all the hot shot agents were boasting about are apparently not buying.
Last week for the first time I saw an open house sign in Birdrock with “BANK FORECLOSURE” in big red letters.
July 27, 2008 at 11:09 AM #247959ParticipantThe monthly Data Quick numbers fluctuate a lot. Next month they could be up 20%.
LJ is definelty not down 38% for sigle family homes in the last year. It is probley only down 15% – 20% at most from the peak 3 years ago.
The water is looking pretty choppy though. Inventory is growing, jumbo interest rates are 7.5%ish, and the foreign buyers that all the hot shot agents were boasting about are apparently not buying.
Last week for the first time I saw an open house sign in Birdrock with “BANK FORECLOSURE” in big red letters.
July 27, 2008 at 11:09 AM #247962ParticipantThe monthly Data Quick numbers fluctuate a lot. Next month they could be up 20%.
LJ is definelty not down 38% for sigle family homes in the last year. It is probley only down 15% – 20% at most from the peak 3 years ago.
The water is looking pretty choppy though. Inventory is growing, jumbo interest rates are 7.5%ish, and the foreign buyers that all the hot shot agents were boasting about are apparently not buying.
Last week for the first time I saw an open house sign in Birdrock with “BANK FORECLOSURE” in big red letters.
July 27, 2008 at 11:09 AM #248021ParticipantThe monthly Data Quick numbers fluctuate a lot. Next month they could be up 20%.
LJ is definelty not down 38% for sigle family homes in the last year. It is probley only down 15% – 20% at most from the peak 3 years ago.
The water is looking pretty choppy though. Inventory is growing, jumbo interest rates are 7.5%ish, and the foreign buyers that all the hot shot agents were boasting about are apparently not buying.
Last week for the first time I saw an open house sign in Birdrock with “BANK FORECLOSURE” in big red letters.
July 27, 2008 at 11:09 AM #248027ParticipantThe monthly Data Quick numbers fluctuate a lot. Next month they could be up 20%.
LJ is definelty not down 38% for sigle family homes in the last year. It is probley only down 15% – 20% at most from the peak 3 years ago.
The water is looking pretty choppy though. Inventory is growing, jumbo interest rates are 7.5%ish, and the foreign buyers that all the hot shot agents were boasting about are apparently not buying.
Last week for the first time I saw an open house sign in Birdrock with “BANK FORECLOSURE” in big red letters.
July 27, 2008 at 12:45 PM #247819Bugs
ParticipantIt’s all connected. There are probably only six degrees of separation between Barrio Logan and La Jolla. Before this cycle is over they will all contribute their fair share to the correction.
If the Escondido game is in its 6th inning, the La Jolla game may only be in its 2nd inning.
July 27, 2008 at 12:45 PM #247974ParticipantIt’s all connected. There are probably only six degrees of separation between Barrio Logan and La Jolla. Before this cycle is over they will all contribute their fair share to the correction.
If the Escondido game is in its 6th inning, the La Jolla game may only be in its 2nd inning.
July 27, 2008 at 12:45 PM #247978ParticipantIt’s all connected. There are probably only six degrees of separation between Barrio Logan and La Jolla. Before this cycle is over they will all contribute their fair share to the correction.
If the Escondido game is in its 6th inning, the La Jolla game may only be in its 2nd inning.
July 27, 2008 at 12:45 PM #248039ParticipantIt’s all connected. There are probably only six degrees of separation between Barrio Logan and La Jolla. Before this cycle is over they will all contribute their fair share to the correction.
If the Escondido game is in its 6th inning, the La Jolla game may only be in its 2nd inning.
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