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

[Coronita]

SD Realtor….

I did not personally see the 540k listing. 2/2’s don’t attract me. I know the units there pretty much cut and dry. I think your prospect seller had a 2/2, not 3/2.5..Nor was it in a prime location.

I believe your seller wanted to list his/her 2/2 at $540k, which was what a 2/2 commanded AT PEAK in 2004.

My point was that the 3/2.5 (not 2/2) in the link is close to $550k. So someone with a 2/2 that has listed (or planing to list ) at $540k is still smoking crack.

There’s also a bank owned 3/2.5 1584 (largest 3 bedroom) selling for $584k. No takers yet, to my understanding. Not the best location, as the front faces Ellijah Ct (?) between the complex and where Carmel Pointe is.

http://sandiego.houserebate.com/search/homeview.asp?id=1649355&p3=-1&ix=81

There are a couple of other 1533 units just listed in the $620k-$640k..Uh, good luck.

The fact that both bank owned and short sale units have been on the markets for that many days should be an indication where the condo market in CV is heading.

Also, check out all the for sale units from the condo-converts Carmel Pointe across the street. Whay too much attached inventory imho.

If the 3/2.5 come down to the mid $350-400k, I might be interested again. But, I do know also that they complex has a few issues. There’s been a couple of units with water main breaks (seems like inferior piping). And I think they ran the gas lines under where they planted shubbery that requires a lot of watering. There was a time when the gas company had to shut off the lines to because a leak occured from a suspected gas line corrosion.

[Coronita]

SD Realtor….

I did not personally see the 540k listing. 2/2’s don’t attract me. I know the units there pretty much cut and dry. I think your prospect seller had a 2/2, not 3/2.5..Nor was it in a prime location.

I believe your seller wanted to list his/her 2/2 at $540k, which was what a 2/2 commanded AT PEAK in 2004.

My point was that the 3/2.5 (not 2/2) in the link is close to $550k. So someone with a 2/2 that has listed (or planing to list ) at $540k is still smoking crack.

There’s also a bank owned 3/2.5 1584 (largest 3 bedroom) selling for $584k. No takers yet, to my understanding. Not the best location, as the front faces Ellijah Ct (?) between the complex and where Carmel Pointe is.

http://sandiego.houserebate.com/search/homeview.asp?id=1649355&p3=-1&ix=81

There are a couple of other 1533 units just listed in the $620k-$640k..Uh, good luck.

The fact that both bank owned and short sale units have been on the markets for that many days should be an indication where the condo market in CV is heading.

Also, check out all the for sale units from the condo-converts Carmel Pointe across the street. Whay too much attached inventory imho.

If the 3/2.5 come down to the mid $350-400k, I might be interested again. But, I do know also that they complex has a few issues. There’s been a couple of units with water main breaks (seems like inferior piping). And I think they ran the gas lines under where they planted shubbery that requires a lot of watering. There was a time when the gas company had to shut off the lines to because a leak occured from a suspected gas line corrosion.

[Coronita]

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, Eweee.. Orange??

http://sandiego.houserebate.com/search/homeview.asp?id=1646085&p3=-1&ix=69 ewee…

 

Nice fish tank though… Although I don't think it quite the same as a third bedroom 🙂

 

 

[Coronita]

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, Eweee.. Orange??

http://sandiego.houserebate.com/search/homeview.asp?id=1646085&p3=-1&ix=69 ewee…

 

Nice fish tank though… Although I don't think it quite the same as a third bedroom 🙂

 

 

[SD Realtor]

Fat Lazy when I first posted about the home, you are correct, I incorrectly thought it was a 3/2.5 but as you said it wasnt. It is only a 2/2.5.

My point was that this is simply another case of seller in denial. Unfortunately it also is a case of a Realtor telling her exactly what she wanted to hear. Maybe she will get this price but I don’t think so.

SD Realtor

[SD Realtor]

Fat Lazy when I first posted about the home, you are correct, I incorrectly thought it was a 3/2.5 but as you said it wasnt. It is only a 2/2.5.

My point was that this is simply another case of seller in denial. Unfortunately it also is a case of a Realtor telling her exactly what she wanted to hear. Maybe she will get this price but I don’t think so.

SD Realtor

[Coronita]

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.

 

Blast from the past. Looks like this one finally closed….1 year later

http://www.sdlookup.com/Property-560624EE-12553_El_Camino_Real_B_San_Diego_CA_92130

Ended not as bad as it could have. -2%, plus carrying cost (and the cost of that expensive fishtank 🙂 ).

Noticed attached inventory in CV has gone down, while detached seems to be growing. Looks like attached market is tracking somewhere in 2003 prices.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

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.

 

Blast from the past. Looks like this one finally closed….1 year later

http://www.sdlookup.com/Property-560624EE-12553_El_Camino_Real_B_San_Diego_CA_92130

Ended not as bad as it could have. -2%, plus carrying cost (and the cost of that expensive fishtank 🙂 ).

Noticed attached inventory in CV has gone down, while detached seems to be growing. Looks like attached market is tracking somewhere in 2003 prices.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

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.

 

Blast from the past. Looks like this one finally closed….1 year later

http://www.sdlookup.com/Property-560624EE-12553_El_Camino_Real_B_San_Diego_CA_92130

Ended not as bad as it could have. -2%, plus carrying cost (and the cost of that expensive fishtank 🙂 ).

Noticed attached inventory in CV has gone down, while detached seems to be growing. Looks like attached market is tracking somewhere in 2003 prices.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

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.

 

Blast from the past. Looks like this one finally closed….1 year later

http://www.sdlookup.com/Property-560624EE-12553_El_Camino_Real_B_San_Diego_CA_92130

Ended not as bad as it could have. -2%, plus carrying cost (and the cost of that expensive fishtank 🙂 ).

Noticed attached inventory in CV has gone down, while detached seems to be growing. Looks like attached market is tracking somewhere in 2003 prices.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

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.

 

Blast from the past. Looks like this one finally closed….1 year later

http://www.sdlookup.com/Property-560624EE-12553_El_Camino_Real_B_San_Diego_CA_92130

Ended not as bad as it could have. -2%, plus carrying cost (and the cost of that expensive fishtank 🙂 ).

Noticed attached inventory in CV has gone down, while detached seems to be growing. Looks like attached market is tracking somewhere in 2003 prices.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[an]

It still amazes me how well move up areas, especially CV, is holding up compare to the start home areas.

[an]

It still amazes me how well move up areas, especially CV, is holding up compare to the start home areas.

[an]

It still amazes me how well move up areas, especially CV, is holding up compare to the start home areas.

[an]

It still amazes me how well move up areas, especially CV, is holding up compare to the start home areas.

[Author]

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