Lucera Condo – $199k

[patientlywaiting]

Quick response before I’m off to bed.

This 2/2 sold for $270 back in Nov. Don’t you think that the market is lower now than a few months ago?
http://www.sdlookup.com/Property-65B64F65-7130_Shoreline_Dr_1203_San_Diego_CA_92122

This one is listed at $274,000. It’s a short sale and will most likely go into foreclosure. I think that when it sell it’ll go lower than $250k.
http://www.sdlookup.com/MLS-086017405-7190_Shoreline_Dr_6203_San_Diego_CA_92122
Would someone please check if this received an NOD?

We’re not too far off of $200k for a 2/2 at Lucera.

Here’s an old thread on Lucera. http://piggington.com/what_is_a_fair_price_for_this_property

As far as the economy goes, I beleive that, yes, we’ll have massive lay-offs in the high-cost areas. With the weak Dollar, there’ll be outsourcing within the country to low-cost areas such as South Carolina, Michigan, Indiana, etc…

[SD Realtor]

Ah Lucera… near and dear to my heart.

Right now there is alot more activity in Lucera then I have seen for awhile. There are 6 actives and 6 pendings. Not bad. I think eventually we could see 200k for a 2/2 in Lucera but not this year. Maybe with a big interest rate hike or alot of unemployment or some of each. Perhaps in 09.

7190 referenced above is not a NOD yet and is listed at 274-294k.

The following Lucera activity is on the MLS

7190 unit 6112 active at 199k 1/1
7180 unit 5209 active at 289k 2/2
7190 unit 6203 active at 274-294k 2/2
7190 unit 6310 active at 304k 2/2
7160 unit 4213 active at 399k 2/2
7160 unit 4209 active at 399-409k 2/2

7130 unit 1302 pending at 200k 1/1
7130 unit 1106 pending at 220-235k 1/1
7130 unit 1114 pending at 230-260k 2/2
7180 unit 5104 pending at 279k 2/2
7120 unit 2213 pending at 290k 2/2
7180 unit 5312 pending at 300k 2/2

It will not be long before these homes reach the 50% point of what they sold for when the conversion happened.

SD Realtor

[SD Realtor]

Ah Lucera… near and dear to my heart.

Right now there is alot more activity in Lucera then I have seen for awhile. There are 6 actives and 6 pendings. Not bad. I think eventually we could see 200k for a 2/2 in Lucera but not this year. Maybe with a big interest rate hike or alot of unemployment or some of each. Perhaps in 09.

7190 referenced above is not a NOD yet and is listed at 274-294k.

The following Lucera activity is on the MLS

7190 unit 6112 active at 199k 1/1
7180 unit 5209 active at 289k 2/2
7190 unit 6203 active at 274-294k 2/2
7190 unit 6310 active at 304k 2/2
7160 unit 4213 active at 399k 2/2
7160 unit 4209 active at 399-409k 2/2

7130 unit 1302 pending at 200k 1/1
7130 unit 1106 pending at 220-235k 1/1
7130 unit 1114 pending at 230-260k 2/2
7180 unit 5104 pending at 279k 2/2
7120 unit 2213 pending at 290k 2/2
7180 unit 5312 pending at 300k 2/2

It will not be long before these homes reach the 50% point of what they sold for when the conversion happened.

SD Realtor

[SD Realtor]

Ah Lucera… near and dear to my heart.

Right now there is alot more activity in Lucera then I have seen for awhile. There are 6 actives and 6 pendings. Not bad. I think eventually we could see 200k for a 2/2 in Lucera but not this year. Maybe with a big interest rate hike or alot of unemployment or some of each. Perhaps in 09.

7190 referenced above is not a NOD yet and is listed at 274-294k.

The following Lucera activity is on the MLS

7190 unit 6112 active at 199k 1/1
7180 unit 5209 active at 289k 2/2
7190 unit 6203 active at 274-294k 2/2
7190 unit 6310 active at 304k 2/2
7160 unit 4213 active at 399k 2/2
7160 unit 4209 active at 399-409k 2/2

7130 unit 1302 pending at 200k 1/1
7130 unit 1106 pending at 220-235k 1/1
7130 unit 1114 pending at 230-260k 2/2
7180 unit 5104 pending at 279k 2/2
7120 unit 2213 pending at 290k 2/2
7180 unit 5312 pending at 300k 2/2

It will not be long before these homes reach the 50% point of what they sold for when the conversion happened.

SD Realtor

[SD Realtor]

Ah Lucera… near and dear to my heart.

Right now there is alot more activity in Lucera then I have seen for awhile. There are 6 actives and 6 pendings. Not bad. I think eventually we could see 200k for a 2/2 in Lucera but not this year. Maybe with a big interest rate hike or alot of unemployment or some of each. Perhaps in 09.

7190 referenced above is not a NOD yet and is listed at 274-294k.

The following Lucera activity is on the MLS

7190 unit 6112 active at 199k 1/1
7180 unit 5209 active at 289k 2/2
7190 unit 6203 active at 274-294k 2/2
7190 unit 6310 active at 304k 2/2
7160 unit 4213 active at 399k 2/2
7160 unit 4209 active at 399-409k 2/2

7130 unit 1302 pending at 200k 1/1
7130 unit 1106 pending at 220-235k 1/1
7130 unit 1114 pending at 230-260k 2/2
7180 unit 5104 pending at 279k 2/2
7120 unit 2213 pending at 290k 2/2
7180 unit 5312 pending at 300k 2/2

It will not be long before these homes reach the 50% point of what they sold for when the conversion happened.

SD Realtor

[SD Realtor]

Ah Lucera… near and dear to my heart.

Right now there is alot more activity in Lucera then I have seen for awhile. There are 6 actives and 6 pendings. Not bad. I think eventually we could see 200k for a 2/2 in Lucera but not this year. Maybe with a big interest rate hike or alot of unemployment or some of each. Perhaps in 09.

7190 referenced above is not a NOD yet and is listed at 274-294k.

The following Lucera activity is on the MLS

7190 unit 6112 active at 199k 1/1
7180 unit 5209 active at 289k 2/2
7190 unit 6203 active at 274-294k 2/2
7190 unit 6310 active at 304k 2/2
7160 unit 4213 active at 399k 2/2
7160 unit 4209 active at 399-409k 2/2

7130 unit 1302 pending at 200k 1/1
7130 unit 1106 pending at 220-235k 1/1
7130 unit 1114 pending at 230-260k 2/2
7180 unit 5104 pending at 279k 2/2
7120 unit 2213 pending at 290k 2/2
7180 unit 5312 pending at 300k 2/2

It will not be long before these homes reach the 50% point of what they sold for when the conversion happened.

SD Realtor

[jpinpb]

sdnerd – “there would have to be massive layoffs in the surrounding area. ”

Don’t you think there is? I think San Diego depended a great deal on real estate for employment: realtors/brokers, appraisers, loan brokers/officers, the secretaries that worked in those offices, all associated construction (big) drywallers, electricians, plumbers, flooring, roofers, window/garage/door installers, etc, retail Home Depot/Lowes, trickling down from there to all retail and restaurants as purse strings tighten. And let’s not embark on price of gas.

[jpinpb]

sdnerd – “there would have to be massive layoffs in the surrounding area. ”

Don’t you think there is? I think San Diego depended a great deal on real estate for employment: realtors/brokers, appraisers, loan brokers/officers, the secretaries that worked in those offices, all associated construction (big) drywallers, electricians, plumbers, flooring, roofers, window/garage/door installers, etc, retail Home Depot/Lowes, trickling down from there to all retail and restaurants as purse strings tighten. And let’s not embark on price of gas.

[jpinpb]

sdnerd – “there would have to be massive layoffs in the surrounding area. ”

Don’t you think there is? I think San Diego depended a great deal on real estate for employment: realtors/brokers, appraisers, loan brokers/officers, the secretaries that worked in those offices, all associated construction (big) drywallers, electricians, plumbers, flooring, roofers, window/garage/door installers, etc, retail Home Depot/Lowes, trickling down from there to all retail and restaurants as purse strings tighten. And let’s not embark on price of gas.

[jpinpb]

sdnerd – “there would have to be massive layoffs in the surrounding area. ”

Don’t you think there is? I think San Diego depended a great deal on real estate for employment: realtors/brokers, appraisers, loan brokers/officers, the secretaries that worked in those offices, all associated construction (big) drywallers, electricians, plumbers, flooring, roofers, window/garage/door installers, etc, retail Home Depot/Lowes, trickling down from there to all retail and restaurants as purse strings tighten. And let’s not embark on price of gas.

[jpinpb]

sdnerd – “there would have to be massive layoffs in the surrounding area. ”

Don’t you think there is? I think San Diego depended a great deal on real estate for employment: realtors/brokers, appraisers, loan brokers/officers, the secretaries that worked in those offices, all associated construction (big) drywallers, electricians, plumbers, flooring, roofers, window/garage/door installers, etc, retail Home Depot/Lowes, trickling down from there to all retail and restaurants as purse strings tighten. And let’s not embark on price of gas.

[lendingbubblecontinues]

“20% down, 6.5% fixed, HOA, and everything else probably looking around $1,300/mo. Which is what they currently rent for.”

So, unless you believe that these are done dropping in price, it looks like there should be tremendous overswing to the downside. Ouch!!

[lendingbubblecontinues]

“20% down, 6.5% fixed, HOA, and everything else probably looking around $1,300/mo. Which is what they currently rent for.”

So, unless you believe that these are done dropping in price, it looks like there should be tremendous overswing to the downside. Ouch!!

[lendingbubblecontinues]

“20% down, 6.5% fixed, HOA, and everything else probably looking around $1,300/mo. Which is what they currently rent for.”

So, unless you believe that these are done dropping in price, it looks like there should be tremendous overswing to the downside. Ouch!!

[lendingbubblecontinues]

“20% down, 6.5% fixed, HOA, and everything else probably looking around $1,300/mo. Which is what they currently rent for.”

So, unless you believe that these are done dropping in price, it looks like there should be tremendous overswing to the downside. Ouch!!

[Author]

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