Madrid in La Jolla Colony/UTC

[SanDiegoDave]

Waiting until next year is a good idea. Be sure to track every comparable townhouse condo sale in the area: all the stuff over in Renaissance & University Town Square, and the Barcelona’s as well. Go to the open houses, etc. This should allow you to really narrow down what, and is not, a fair deal when it comes time to buy. After closely tracking that long you’ll be able to spot a good deal as soon as it lists (or when a seller finally drops the price enough).

The best thing about any of those condos is that they’ll always cash flow if you ever need to rent it out.

I love the UTC area as well. But I wish there were more single family homes. The only two developments are Valencia (across from Barcelona) and Vista (next to Renaissance). In both cases the prices of the homes come at a heavy premium when comparing to the rest of University City.

[SanDiegoDave]

I saw a recent posting here that suggested that anything above 2000 prices, or 250/ sf is too much, still ‘bubble’.

The condo conversions and multi-unit dwellings will probably hit 2000 pricing, but I find it highly unlikely that the townhomes and SFR’s will drop down that far in UTC. The demand for the location is too great. People will buy the nicer stuff like Madrid, etc.

(While most of Barcelona are “technically” SFR, I don’t classify them that way. When you have an entire side of the house with no windows because your neighbor’s wall is virtually 6 inches from you, how is that different than a townhome?)

[SanDiegoDave]

I saw a recent posting here that suggested that anything above 2000 prices, or 250/ sf is too much, still ‘bubble’.

The condo conversions and multi-unit dwellings will probably hit 2000 pricing, but I find it highly unlikely that the townhomes and SFR’s will drop down that far in UTC. The demand for the location is too great. People will buy the nicer stuff like Madrid, etc.

(While most of Barcelona are “technically” SFR, I don’t classify them that way. When you have an entire side of the house with no windows because your neighbor’s wall is virtually 6 inches from you, how is that different than a townhome?)

[SanDiegoDave]

I saw a recent posting here that suggested that anything above 2000 prices, or 250/ sf is too much, still ‘bubble’.

The condo conversions and multi-unit dwellings will probably hit 2000 pricing, but I find it highly unlikely that the townhomes and SFR’s will drop down that far in UTC. The demand for the location is too great. People will buy the nicer stuff like Madrid, etc.

(While most of Barcelona are “technically” SFR, I don’t classify them that way. When you have an entire side of the house with no windows because your neighbor’s wall is virtually 6 inches from you, how is that different than a townhome?)

[SanDiegoDave]

I saw a recent posting here that suggested that anything above 2000 prices, or 250/ sf is too much, still ‘bubble’.

The condo conversions and multi-unit dwellings will probably hit 2000 pricing, but I find it highly unlikely that the townhomes and SFR’s will drop down that far in UTC. The demand for the location is too great. People will buy the nicer stuff like Madrid, etc.

(While most of Barcelona are “technically” SFR, I don’t classify them that way. When you have an entire side of the house with no windows because your neighbor’s wall is virtually 6 inches from you, how is that different than a townhome?)

[SanDiegoDave]

I saw a recent posting here that suggested that anything above 2000 prices, or 250/ sf is too much, still ‘bubble’.

The condo conversions and multi-unit dwellings will probably hit 2000 pricing, but I find it highly unlikely that the townhomes and SFR’s will drop down that far in UTC. The demand for the location is too great. People will buy the nicer stuff like Madrid, etc.

(While most of Barcelona are “technically” SFR, I don’t classify them that way. When you have an entire side of the house with no windows because your neighbor’s wall is virtually 6 inches from you, how is that different than a townhome?)

[Scarlett]

SanDiegoDave,
Thanks for your comments. Yep, that’s why I preferred Madrid to Barcelona – Barcelona felt smaller, and like a townhome too.

We go to open houses in UTC/Renaisance/La Jolla Colony whenever they are large floorplans. I seem to have a problem with many townhomes floorplans though, with how they make use of space, and how much space they leave for flexibility in furnishing and still not feeling cramped. I liked the Vista La Jolla largest townhome one, but not the hefty $400 HOA. With Barcelona, Avanti and University Town Square, I was so-so. The tri-level usually bugs me as being a waste of space.
We may wait two years to buy, it all depends how things unravel…If the largest floorplan in Madrid drops to low 500K we’ll jump in…We seem to have stumbled over the ideal situation in which you rent in the very same community you plan to buy….

[Scarlett]

SanDiegoDave,
Thanks for your comments. Yep, that’s why I preferred Madrid to Barcelona – Barcelona felt smaller, and like a townhome too.

We go to open houses in UTC/Renaisance/La Jolla Colony whenever they are large floorplans. I seem to have a problem with many townhomes floorplans though, with how they make use of space, and how much space they leave for flexibility in furnishing and still not feeling cramped. I liked the Vista La Jolla largest townhome one, but not the hefty $400 HOA. With Barcelona, Avanti and University Town Square, I was so-so. The tri-level usually bugs me as being a waste of space.
We may wait two years to buy, it all depends how things unravel…If the largest floorplan in Madrid drops to low 500K we’ll jump in…We seem to have stumbled over the ideal situation in which you rent in the very same community you plan to buy….

[Scarlett]

SanDiegoDave,
Thanks for your comments. Yep, that’s why I preferred Madrid to Barcelona – Barcelona felt smaller, and like a townhome too.

We go to open houses in UTC/Renaisance/La Jolla Colony whenever they are large floorplans. I seem to have a problem with many townhomes floorplans though, with how they make use of space, and how much space they leave for flexibility in furnishing and still not feeling cramped. I liked the Vista La Jolla largest townhome one, but not the hefty $400 HOA. With Barcelona, Avanti and University Town Square, I was so-so. The tri-level usually bugs me as being a waste of space.
We may wait two years to buy, it all depends how things unravel…If the largest floorplan in Madrid drops to low 500K we’ll jump in…We seem to have stumbled over the ideal situation in which you rent in the very same community you plan to buy….

[Scarlett]

SanDiegoDave,
Thanks for your comments. Yep, that’s why I preferred Madrid to Barcelona – Barcelona felt smaller, and like a townhome too.

We go to open houses in UTC/Renaisance/La Jolla Colony whenever they are large floorplans. I seem to have a problem with many townhomes floorplans though, with how they make use of space, and how much space they leave for flexibility in furnishing and still not feeling cramped. I liked the Vista La Jolla largest townhome one, but not the hefty $400 HOA. With Barcelona, Avanti and University Town Square, I was so-so. The tri-level usually bugs me as being a waste of space.
We may wait two years to buy, it all depends how things unravel…If the largest floorplan in Madrid drops to low 500K we’ll jump in…We seem to have stumbled over the ideal situation in which you rent in the very same community you plan to buy….

[Scarlett]

SanDiegoDave,
Thanks for your comments. Yep, that’s why I preferred Madrid to Barcelona – Barcelona felt smaller, and like a townhome too.

We go to open houses in UTC/Renaisance/La Jolla Colony whenever they are large floorplans. I seem to have a problem with many townhomes floorplans though, with how they make use of space, and how much space they leave for flexibility in furnishing and still not feeling cramped. I liked the Vista La Jolla largest townhome one, but not the hefty $400 HOA. With Barcelona, Avanti and University Town Square, I was so-so. The tri-level usually bugs me as being a waste of space.
We may wait two years to buy, it all depends how things unravel…If the largest floorplan in Madrid drops to low 500K we’ll jump in…We seem to have stumbled over the ideal situation in which you rent in the very same community you plan to buy….

[Scarlett]

[quote=jpinpb] I’ve been posting NODs in Barcelona and the prices are starting to come down in that community. I imagine eventually it will spread to Madrid [/quote]

Where did you post the NODs in Barcelona, please, jp?

thanks!

[Scarlett]

[quote=jpinpb] I’ve been posting NODs in Barcelona and the prices are starting to come down in that community. I imagine eventually it will spread to Madrid [/quote]

Where did you post the NODs in Barcelona, please, jp?

thanks!

[Scarlett]

[quote=jpinpb] I’ve been posting NODs in Barcelona and the prices are starting to come down in that community. I imagine eventually it will spread to Madrid [/quote]

Where did you post the NODs in Barcelona, please, jp?

thanks!

[Scarlett]

[quote=jpinpb] I’ve been posting NODs in Barcelona and the prices are starting to come down in that community. I imagine eventually it will spread to Madrid [/quote]

Where did you post the NODs in Barcelona, please, jp?

thanks!

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