Looks like some of the Carmel Valley Condo Crackheads are starting to sober (slightly)

[Coronita]

For kicks, I’m monitoring some detached townhomes in a community we use to own in. Remember my post back on
April 25 about how some folks in CV are smoking crack?

http://piggington.com/that_crack_some_folks_in_carmel_valley_are_smoking_must_be_reall

There was a home in Crest at Del Mar that was listed at $575k back then… Well, I was just browsing and look what I found…..

http://sandiego.houserebate.com/search/homeview.asp?id=1630935&p3=-1&ix=75

Same unit in same community… now $557k. Nearly kicked off $20k in one month..Also, at peak these were about $620k-$640k. 10% shaving and counting…..

Townhomes seem to be getting hit pretty hard now in CV.

[Coronita]

Duh, I meant attached townhomes…not detached townhomes.

[Coronita]

Duh, I meant attached townhomes…not detached townhomes.

[LookoutBelow]

And NOW begins the "race to the bottom"….Recent buyers/flippers will experience a fiery re-entry back to reality……

[LookoutBelow]

And NOW begins the "race to the bottom"….Recent buyers/flippers will experience a fiery re-entry back to reality……

[barnaby33]

Is there such a thing as a detached townhome? I just assume those are SFR’s.

Josh

[barnaby33]

Is there such a thing as a detached townhome? I just assume those are SFR’s.

Josh

[temeculaguy]

Actually there is something that can be referred to as a detached condo/townhome and they are becoming more prevelent. The lots are too small for SFR setback rules, the front yards are owned and sometimes maintained by the association, but they are not attached. A lot of alley homes/shared driveway homes are technically a condo or hybrid. If the lot is smaller than 4k sq. ft. the odds are it is a detached condo.

[temeculaguy]

Actually there is something that can be referred to as a detached condo/townhome and they are becoming more prevelent. The lots are too small for SFR setback rules, the front yards are owned and sometimes maintained by the association, but they are not attached. A lot of alley homes/shared driveway homes are technically a condo or hybrid. If the lot is smaller than 4k sq. ft. the odds are it is a detached condo.

[CAwireman]

Fat lazy union,

The more of these I can show my wife, the better. Please keep these coming!

Yes, a friend of mine and his wife lived in new-ish detached
Town complex in Mira Mesa close to the 15 and Mira Mesa blvd.

While better in terms of privacy than attached units, they were still pretty cozey.

Sincerely yours, HiggyBaby

[CAwireman]

Fat lazy union,

The more of these I can show my wife, the better. Please keep these coming!

Yes, a friend of mine and his wife lived in new-ish detached
Town complex in Mira Mesa close to the 15 and Mira Mesa blvd.

While better in terms of privacy than attached units, they were still pretty cozey.

Sincerely yours, HiggyBaby

[Coronita]

Temeculaguy, read my reply to myself (first entry). I corrected myself. I meant “attached” instead of “detached”. I would have corrected my initial post, but you can’t.

[Coronita]

Temeculaguy, read my reply to myself (first entry). I corrected myself. I meant “attached” instead of “detached”. I would have corrected my initial post, but you can’t.

[SD Realtor]

fat_lazy –

Did you see the Crest listing for 540k? I went to a listing appt with this seller and recommended a much lower selling price. She did not list with me because she was told by her Zip Realty agent that she should have no problem getting 540k. If you look at the sales comps for that floorplan they do not come close to meeting that price.

SD Realtor

[SD Realtor]

fat_lazy –

Did you see the Crest listing for 540k? I went to a listing appt with this seller and recommended a much lower selling price. She did not list with me because she was told by her Zip Realty agent that she should have no problem getting 540k. If you look at the sales comps for that floorplan they do not come close to meeting that price.

SD Realtor

[Author]

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