Looking for Advice on selling Arroyo Vista home and buying in Bressi Ranch

[Bugs]

I also think you’ll be better off staying put. I don’t think Bressi is that great a location. There is air traffic noise and it is surrounded on two sides by industrial and office uses.

I’m not at all impressed with either the designs or the build quality of the homes, either. As sdr said I think the neighborhood you’re in will remain more desireable over the long term. If nothing else it will probably be a little more stable due to the number of original buyers staying put.

The other aspect you should be mindful of is that nobody knows what the mortgage interest rates or qualifying criteria will be like by the time the market gets to your target price. Bressi might look okay to you at $1500/month less, but what if it only turned out to be $500 less?

[cf]

Thanks everyone for the responses. I think a strong argument could be made to sell or to stay either way, that’s why it has been a difficult decision for us.

Also in my original post I definitely sounded as if we were focused in on mainly Bressi Ranch but would consider many other communities in 92009 (La Costa Valley would probably be best for us besides where we’re at right now in Arroyo Vista, but not sure if we would be able to buy for 700k). Bressi Ranch seems like it may have some good deals due to the fact they were mostly sold during the peak 2005 time period, so this is why I mentioned it, and there are already homes there in the 700k range.

The thing I keep going back to is the fact that the home prices vs incomes and rents is so out of whack in SD county. Doesn’t this correction need to continue to bring these things more in balance?It seems foolish to not sell a house for 900k+ that we bought for 600k. If the correction continues and prices get down to a solid 200-250/sqft we will have put ourselves in a great position. I guess the downside is if there is not much further correction in the market beyond where it is now, we will end up in a less desireable position (financial and house/neighborhood) as we are now.

SD Realtor, do you think 230-250/sqft in La Costa Valley will happen in the next year or so?

[cf]

Thanks everyone for the responses. I think a strong argument could be made to sell or to stay either way, that’s why it has been a difficult decision for us.

Also in my original post I definitely sounded as if we were focused in on mainly Bressi Ranch but would consider many other communities in 92009 (La Costa Valley would probably be best for us besides where we’re at right now in Arroyo Vista, but not sure if we would be able to buy for 700k). Bressi Ranch seems like it may have some good deals due to the fact they were mostly sold during the peak 2005 time period, so this is why I mentioned it, and there are already homes there in the 700k range.

The thing I keep going back to is the fact that the home prices vs incomes and rents is so out of whack in SD county. Doesn’t this correction need to continue to bring these things more in balance?It seems foolish to not sell a house for 900k+ that we bought for 600k. If the correction continues and prices get down to a solid 200-250/sqft we will have put ourselves in a great position. I guess the downside is if there is not much further correction in the market beyond where it is now, we will end up in a less desireable position (financial and house/neighborhood) as we are now.

SD Realtor, do you think 230-250/sqft in La Costa Valley will happen in the next year or so?

[cf]

Thanks everyone for the responses. I think a strong argument could be made to sell or to stay either way, that’s why it has been a difficult decision for us.

Also in my original post I definitely sounded as if we were focused in on mainly Bressi Ranch but would consider many other communities in 92009 (La Costa Valley would probably be best for us besides where we’re at right now in Arroyo Vista, but not sure if we would be able to buy for 700k). Bressi Ranch seems like it may have some good deals due to the fact they were mostly sold during the peak 2005 time period, so this is why I mentioned it, and there are already homes there in the 700k range.

The thing I keep going back to is the fact that the home prices vs incomes and rents is so out of whack in SD county. Doesn’t this correction need to continue to bring these things more in balance?It seems foolish to not sell a house for 900k+ that we bought for 600k. If the correction continues and prices get down to a solid 200-250/sqft we will have put ourselves in a great position. I guess the downside is if there is not much further correction in the market beyond where it is now, we will end up in a less desireable position (financial and house/neighborhood) as we are now.

SD Realtor, do you think 230-250/sqft in La Costa Valley will happen in the next year or so?

[cf]

Thanks everyone for the responses. I think a strong argument could be made to sell or to stay either way, that’s why it has been a difficult decision for us.

Also in my original post I definitely sounded as if we were focused in on mainly Bressi Ranch but would consider many other communities in 92009 (La Costa Valley would probably be best for us besides where we’re at right now in Arroyo Vista, but not sure if we would be able to buy for 700k). Bressi Ranch seems like it may have some good deals due to the fact they were mostly sold during the peak 2005 time period, so this is why I mentioned it, and there are already homes there in the 700k range.

The thing I keep going back to is the fact that the home prices vs incomes and rents is so out of whack in SD county. Doesn’t this correction need to continue to bring these things more in balance?It seems foolish to not sell a house for 900k+ that we bought for 600k. If the correction continues and prices get down to a solid 200-250/sqft we will have put ourselves in a great position. I guess the downside is if there is not much further correction in the market beyond where it is now, we will end up in a less desireable position (financial and house/neighborhood) as we are now.

SD Realtor, do you think 230-250/sqft in La Costa Valley will happen in the next year or so?

[cf]

Thanks everyone for the responses. I think a strong argument could be made to sell or to stay either way, that’s why it has been a difficult decision for us.

Also in my original post I definitely sounded as if we were focused in on mainly Bressi Ranch but would consider many other communities in 92009 (La Costa Valley would probably be best for us besides where we’re at right now in Arroyo Vista, but not sure if we would be able to buy for 700k). Bressi Ranch seems like it may have some good deals due to the fact they were mostly sold during the peak 2005 time period, so this is why I mentioned it, and there are already homes there in the 700k range.

The thing I keep going back to is the fact that the home prices vs incomes and rents is so out of whack in SD county. Doesn’t this correction need to continue to bring these things more in balance?It seems foolish to not sell a house for 900k+ that we bought for 600k. If the correction continues and prices get down to a solid 200-250/sqft we will have put ourselves in a great position. I guess the downside is if there is not much further correction in the market beyond where it is now, we will end up in a less desireable position (financial and house/neighborhood) as we are now.

SD Realtor, do you think 230-250/sqft in La Costa Valley will happen in the next year or so?

[farbet]

My take is Jamul Bro.
Is this a teaser quiz or what?

[farbet]

My take is Jamul Bro.
Is this a teaser quiz or what?

[farbet]

My take is Jamul Bro.
Is this a teaser quiz or what?

[farbet]

My take is Jamul Bro.
Is this a teaser quiz or what?

[farbet]

My take is Jamul Bro.
Is this a teaser quiz or what?

[Veritas]

La Costa Valley – Breakthrough?
by waiting for bottom on June 12, 2008 – 8:48am

[quote=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.

[Veritas]

La Costa Valley – Breakthrough?
by waiting for bottom on June 12, 2008 – 8:48am

[quote=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.

[Veritas]

La Costa Valley – Breakthrough?
by waiting for bottom on June 12, 2008 – 8:48am

[quote=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.

[Veritas]

La Costa Valley – Breakthrough?
by waiting for bottom on June 12, 2008 – 8:48am

[quote=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.

[Author]

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