- This topic has 432 replies, 40 voices, and was last updated 15 years, 8 months ago by
NotCranky.
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May 21, 2007 at 4:24 PM #54191May 21, 2007 at 4:24 PM #54203
PD
ParticipantI just received a Coronado Lifestyle magazine with a damage control article prominently placed in it.
“The New Reality in Real Estate: We’re Getting Back to Normal (PS Normal in Coronado is Pretty Darn Great.)”
Welcome back to normal, say California economists and Coronado Realtors. Say, what did normal look like anyway? And what lies ahead? Let’s catch our breath, and check in with the facts and the future. The good news is that Coronado prices are adjusting: a bubble is not bursting. And 2006 figures support that – while real estate prices fell overall throughout San Diego County, there were three notable exceptions: La Jolla, Rancho Santa Fe and Coronado, where prices in the land of Oz rose six percent in 2006 over the previous year to a median of $1,299,000.
Whew, so “adjusting” must mean prices are going up. But if they were going up, why is there need for an article telling people to calm down? The fact is that prices have come down in Coronado. Some properties may still be selling at peak prices but a lot of properties are selling 10% off peak here. The whole thing was 7 pages of happy talk. It is different here, folks.
May 21, 2007 at 6:07 PM #54220latesummer2008
ParticipantMedian Price doesn’t mean Jack! Why don’t they tell you about the :
1) Number of Sales
2) Sales Volume
3) Price per Square Foot
4) Bloated InventoryBecause, that is the real story. Just Realtor spin trying desperately to give some life, to a dying market. Sure, some houses in decent areas that are clean and PRICED RIGHT are selling. Everything else (80%+ of the inventory), is just sitting there, losing value every day.
La Jolla, Coronado and Rancho Santa Fe will be hit the hardest, when all is said and done. Nobody in their right mind, is going to pay big dollars, in this type of market, for overpriced property.
Mark my words : “The pricier they are, the harder they fall”
May 21, 2007 at 6:07 PM #54232ParticipantMedian Price doesn’t mean Jack! Why don’t they tell you about the :
1) Number of Sales
2) Sales Volume
3) Price per Square Foot
4) Bloated InventoryBecause, that is the real story. Just Realtor spin trying desperately to give some life, to a dying market. Sure, some houses in decent areas that are clean and PRICED RIGHT are selling. Everything else (80%+ of the inventory), is just sitting there, losing value every day.
La Jolla, Coronado and Rancho Santa Fe will be hit the hardest, when all is said and done. Nobody in their right mind, is going to pay big dollars, in this type of market, for overpriced property.
Mark my words : “The pricier they are, the harder they fall”
May 28, 2007 at 11:29 AM #55270ParticipantSan Diego Co. May Prices will be reported in the LA TIMES soon. We’ll see if they follow the Higher End Area Declines we just witnessed, in Orange County.
Getting more interesting all the time…
May 28, 2007 at 11:29 AM #55285ParticipantSan Diego Co. May Prices will be reported in the LA TIMES soon. We’ll see if they follow the Higher End Area Declines we just witnessed, in Orange County.
Getting more interesting all the time…
May 28, 2007 at 4:09 PM #55274uncomfortably numb
ParticipantYou folks are completely unfair to the Realtors. I am in health care and what’s going on there would make your heads spin. You think Realtors are brutal, how about the report which suggested that over 80% of all open heart surgeries preformed over the past 20 years have been basically unnecessary. Can you imagine ripping somebody’s chest open and putting a patient and their family thorugh that horror for $$. The list goes on and on and on…
All institutions in the U.S. are corrupt, that’s just the way it is, so don’t make this about individuals. Most people are just doing what they need to to get by.
May 28, 2007 at 4:09 PM #55289ParticipantYou folks are completely unfair to the Realtors. I am in health care and what’s going on there would make your heads spin. You think Realtors are brutal, how about the report which suggested that over 80% of all open heart surgeries preformed over the past 20 years have been basically unnecessary. Can you imagine ripping somebody’s chest open and putting a patient and their family thorugh that horror for $$. The list goes on and on and on…
All institutions in the U.S. are corrupt, that’s just the way it is, so don’t make this about individuals. Most people are just doing what they need to to get by.
May 29, 2007 at 4:34 AM #55337ParticipantLie, Cheat and Steal. Whatever it takes to get by. Perhaps, this is the new business mantra.
Just doing their job….
May 29, 2007 at 4:34 AM #55354ParticipantLie, Cheat and Steal. Whatever it takes to get by. Perhaps, this is the new business mantra.
Just doing their job….
May 29, 2007 at 9:39 AM #55361ParticipantLet’s talk about what you do for a living, Mr. Ethics (LS2008). How do you pay your bills? Do you exist outside of the U.S. economy?
May 29, 2007 at 9:39 AM #55378ParticipantLet’s talk about what you do for a living, Mr. Ethics (LS2008). How do you pay your bills? Do you exist outside of the U.S. economy?
May 29, 2007 at 9:46 AM #55369ibjames
ParticipantIt horrifies me what people will do for money.
May 29, 2007 at 9:46 AM #55385ParticipantIt horrifies me what people will do for money.
May 29, 2007 at 10:18 AM #55374ParticipantIt’s not a question of what people will do for money; people will do *everything* for money, and have throughout history. The question is, how does one exist within the system as it confronts us all?
I have told people for the past fifteen years that, as almost any type of health care provider, if you **truly** acted in the best interests of the patient (and I don’t mean “I have to live like a doctor,” best interests, either) , you would be out of business within a month. This is the reality of a health care system run by corporations, either directly or indirectly.
The problems we all face in this country are extremely complex and can not be solved easily. If you have solutions, speak up. The planet would love to hear them.
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