Madrid in La Jolla Colony/UTC

[Scarlett]

Thanks SD R.

[quote=SD Realtor]The thing I don’t like about the floorplan is it is really vertical. If you have big furniture forget about it because of the tight turns on the staircase.[/quote]
Yeah, I remember that, stairs after stairs -i felt like i was going up in a narrow tall tower – round and round – that’s what made me be very cautious about 3-levels…

[quote=SD Realtor]As far as pricing/valuations go I think you and I are in the same boat BUT there are alot of actives in there. The problem is that you get an idiot like the guy who paid 555k for 7172 A and that just closed on March 11.
[/quote]
Hmm… I’m curious why do you say he’s an idiot? that he could have bargained it down? that he should have waited? Maybe he needed right away…That unit was listed for $589K (not sure if it was an REO) and sold for $557K and it was a larger, 3 bdr one – of ~1700 sf. For this particular unit, the price was back to end of 2002 (sold in Sept. 2002 for $520K).

[jpinpb]

I’ve posted NODs in Rennaissance, too. Lucera is spreading to Capri and into other places there. It’s gradual and took a long time for it to start showing up there, but it’s happening there also.

[jpinpb]

I’ve posted NODs in Rennaissance, too. Lucera is spreading to Capri and into other places there. It’s gradual and took a long time for it to start showing up there, but it’s happening there also.

[jpinpb]

I’ve posted NODs in Rennaissance, too. Lucera is spreading to Capri and into other places there. It’s gradual and took a long time for it to start showing up there, but it’s happening there also.

[jpinpb]

I’ve posted NODs in Rennaissance, too. Lucera is spreading to Capri and into other places there. It’s gradual and took a long time for it to start showing up there, but it’s happening there also.

[jpinpb]

I’ve posted NODs in Rennaissance, too. Lucera is spreading to Capri and into other places there. It’s gradual and took a long time for it to start showing up there, but it’s happening there also.

[SD Realtor]

Scarlett I say he is an idiot just because he (or she) is the exact reason that things take a long time to decline in secular markets. You are correct bad choice of words though. He did buy it as an REO. It also is an end unit with the balcony and it does represent a step up from the 1600sf units there. The interior appliances and stuff were mostly original. I don’t know if he financed it or not because the realist report doesn’t have the recording yet. It was purchased in 2002 for 520k.

So yeah perhaps he is not an idiot, but purchases like his slow down our descent AND they give hope to other resellers.

****

jp I think the NOD rate will infect the entire area pretty well. Like you said, it took a long time but I believe we should see a nice acceleration over the next 1-2 years.Lets see what it looks like in July. Lots of people hanging around in the low 500s and no way they all sell by then at that price.

[SD Realtor]

Scarlett I say he is an idiot just because he (or she) is the exact reason that things take a long time to decline in secular markets. You are correct bad choice of words though. He did buy it as an REO. It also is an end unit with the balcony and it does represent a step up from the 1600sf units there. The interior appliances and stuff were mostly original. I don’t know if he financed it or not because the realist report doesn’t have the recording yet. It was purchased in 2002 for 520k.

So yeah perhaps he is not an idiot, but purchases like his slow down our descent AND they give hope to other resellers.

****

jp I think the NOD rate will infect the entire area pretty well. Like you said, it took a long time but I believe we should see a nice acceleration over the next 1-2 years.Lets see what it looks like in July. Lots of people hanging around in the low 500s and no way they all sell by then at that price.

[SD Realtor]

Scarlett I say he is an idiot just because he (or she) is the exact reason that things take a long time to decline in secular markets. You are correct bad choice of words though. He did buy it as an REO. It also is an end unit with the balcony and it does represent a step up from the 1600sf units there. The interior appliances and stuff were mostly original. I don’t know if he financed it or not because the realist report doesn’t have the recording yet. It was purchased in 2002 for 520k.

So yeah perhaps he is not an idiot, but purchases like his slow down our descent AND they give hope to other resellers.

****

jp I think the NOD rate will infect the entire area pretty well. Like you said, it took a long time but I believe we should see a nice acceleration over the next 1-2 years.Lets see what it looks like in July. Lots of people hanging around in the low 500s and no way they all sell by then at that price.

[SD Realtor]

Scarlett I say he is an idiot just because he (or she) is the exact reason that things take a long time to decline in secular markets. You are correct bad choice of words though. He did buy it as an REO. It also is an end unit with the balcony and it does represent a step up from the 1600sf units there. The interior appliances and stuff were mostly original. I don’t know if he financed it or not because the realist report doesn’t have the recording yet. It was purchased in 2002 for 520k.

So yeah perhaps he is not an idiot, but purchases like his slow down our descent AND they give hope to other resellers.

****

jp I think the NOD rate will infect the entire area pretty well. Like you said, it took a long time but I believe we should see a nice acceleration over the next 1-2 years.Lets see what it looks like in July. Lots of people hanging around in the low 500s and no way they all sell by then at that price.

[SD Realtor]

Scarlett I say he is an idiot just because he (or she) is the exact reason that things take a long time to decline in secular markets. You are correct bad choice of words though. He did buy it as an REO. It also is an end unit with the balcony and it does represent a step up from the 1600sf units there. The interior appliances and stuff were mostly original. I don’t know if he financed it or not because the realist report doesn’t have the recording yet. It was purchased in 2002 for 520k.

So yeah perhaps he is not an idiot, but purchases like his slow down our descent AND they give hope to other resellers.

****

jp I think the NOD rate will infect the entire area pretty well. Like you said, it took a long time but I believe we should see a nice acceleration over the next 1-2 years.Lets see what it looks like in July. Lots of people hanging around in the low 500s and no way they all sell by then at that price.

[SanDiegoDave]

The 3932 Caminito Amparo won’t quite set the comps that much lower in Barcelona. I’ve been inside of it. It’s a disaster. Almost everything needs to be replaced. Plus, it’s arguably the worst location of all Barcelona homes. Lots of noise from the I-5, tiny back yard with the neighbor on top looking down and a forest full of vines & garbage plants raining down.

[SanDiegoDave]

The 3932 Caminito Amparo won’t quite set the comps that much lower in Barcelona. I’ve been inside of it. It’s a disaster. Almost everything needs to be replaced. Plus, it’s arguably the worst location of all Barcelona homes. Lots of noise from the I-5, tiny back yard with the neighbor on top looking down and a forest full of vines & garbage plants raining down.

[SanDiegoDave]

The 3932 Caminito Amparo won’t quite set the comps that much lower in Barcelona. I’ve been inside of it. It’s a disaster. Almost everything needs to be replaced. Plus, it’s arguably the worst location of all Barcelona homes. Lots of noise from the I-5, tiny back yard with the neighbor on top looking down and a forest full of vines & garbage plants raining down.

[SanDiegoDave]

The 3932 Caminito Amparo won’t quite set the comps that much lower in Barcelona. I’ve been inside of it. It’s a disaster. Almost everything needs to be replaced. Plus, it’s arguably the worst location of all Barcelona homes. Lots of noise from the I-5, tiny back yard with the neighbor on top looking down and a forest full of vines & garbage plants raining down.

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