Mission Hills: Low End Trends

[bearishgurl]

Pem, even though on Goldfinch (a bit busy), the third listing is very charming. I haven’t seen a bathroom like that since I was in one in La Mesa Village . . . lol. But there was no lot size shown and no pics furnished that I could see the side lot(s) better. The lots on the two sold comps you gave was only about 4500 sf (a little substandard). Just wondering if a old one-car garage exists on the third listing (doesn’t say but it may be too narrow to park today’s cars and open like a woodshed). Also wondering if there is room to build a two-car garage with a one-car driveway to the front or perhaps alley-facing (can’t quite picture in my mind exactly how Goldfinch is south of University). I could see where buyers wouldn’t want to street park or park outside for around $465K. That’s the only issue I see so far as it is a very cute property in a great area within a short walk to all.

[sdrealtor]

Nope not substandard lot size. As a matter of fact nearly all the lots there are exactly the same size at 4560sq ft.

[sdrealtor]

Nope not substandard lot size. As a matter of fact nearly all the lots there are exactly the same size at 4560sq ft.

[sdrealtor]

Nope not substandard lot size. As a matter of fact nearly all the lots there are exactly the same size at 4560sq ft.

[sdrealtor]

Nope not substandard lot size. As a matter of fact nearly all the lots there are exactly the same size at 4560sq ft.

[sdrealtor]

Nope not substandard lot size. As a matter of fact nearly all the lots there are exactly the same size at 4560sq ft.

[pemeliza]

BG, from what I could tell on google drive-by maps there is a one car garage behind the house coming off of Sutter. The lot size on the new listing is 4560 sf which is about the same as the others.

The bottom line IMHO is that if this house sells for 465k, then the market for low end properties in Mission Hills has moved down rather sharply since February (perhaps 10% or more). If it sits on the market at 465k then we have very clear evidence that the market has weakened substantially even at the low end of the price spectrum.

[pemeliza]

BG, from what I could tell on google drive-by maps there is a one car garage behind the house coming off of Sutter. The lot size on the new listing is 4560 sf which is about the same as the others.

The bottom line IMHO is that if this house sells for 465k, then the market for low end properties in Mission Hills has moved down rather sharply since February (perhaps 10% or more). If it sits on the market at 465k then we have very clear evidence that the market has weakened substantially even at the low end of the price spectrum.

[pemeliza]

BG, from what I could tell on google drive-by maps there is a one car garage behind the house coming off of Sutter. The lot size on the new listing is 4560 sf which is about the same as the others.

The bottom line IMHO is that if this house sells for 465k, then the market for low end properties in Mission Hills has moved down rather sharply since February (perhaps 10% or more). If it sits on the market at 465k then we have very clear evidence that the market has weakened substantially even at the low end of the price spectrum.

[pemeliza]

BG, from what I could tell on google drive-by maps there is a one car garage behind the house coming off of Sutter. The lot size on the new listing is 4560 sf which is about the same as the others.

The bottom line IMHO is that if this house sells for 465k, then the market for low end properties in Mission Hills has moved down rather sharply since February (perhaps 10% or more). If it sits on the market at 465k then we have very clear evidence that the market has weakened substantially even at the low end of the price spectrum.

[pemeliza]

BG, from what I could tell on google drive-by maps there is a one car garage behind the house coming off of Sutter. The lot size on the new listing is 4560 sf which is about the same as the others.

The bottom line IMHO is that if this house sells for 465k, then the market for low end properties in Mission Hills has moved down rather sharply since February (perhaps 10% or more). If it sits on the market at 465k then we have very clear evidence that the market has weakened substantially even at the low end of the price spectrum.

[bearishgurl]

[quote=pemeliza]BG, from what I could tell on google drive-by maps there is a one car garage behind the house coming off of Sutter. The lot size on the new listing is 4560 sf which is about the same as the others.

The bottom line IMHO is that if this house sells for 465k, then the market for low end properties in Mission Hills has moved down rather sharply since February (perhaps 10% or more). If it sits on the market at 465k then we have very clear evidence that the market has weakened substantially even at the low end of the price spectrum.[/quote]

That is good to know that perhaps that garage might be able to be enlarged.

Pem, if your property is located north of Washington St, I don’t see how these little bunglalows south of University will affect your niche market. I realize they might be considered to be in “Mission Hills” but I would almost consider them to be located in Hillcrest. I see the “official” Mission Hills (north of Wash and west of Goldfinch) as a different market entirely than where these small bungalows are located. It’s not as exclusive or quiet so of course they would not sell for as much.

[bearishgurl]

[quote=pemeliza]BG, from what I could tell on google drive-by maps there is a one car garage behind the house coming off of Sutter. The lot size on the new listing is 4560 sf which is about the same as the others.

The bottom line IMHO is that if this house sells for 465k, then the market for low end properties in Mission Hills has moved down rather sharply since February (perhaps 10% or more). If it sits on the market at 465k then we have very clear evidence that the market has weakened substantially even at the low end of the price spectrum.[/quote]

That is good to know that perhaps that garage might be able to be enlarged.

Pem, if your property is located north of Washington St, I don’t see how these little bunglalows south of University will affect your niche market. I realize they might be considered to be in “Mission Hills” but I would almost consider them to be located in Hillcrest. I see the “official” Mission Hills (north of Wash and west of Goldfinch) as a different market entirely than where these small bungalows are located. It’s not as exclusive or quiet so of course they would not sell for as much.

[bearishgurl]

[quote=pemeliza]BG, from what I could tell on google drive-by maps there is a one car garage behind the house coming off of Sutter. The lot size on the new listing is 4560 sf which is about the same as the others.

The bottom line IMHO is that if this house sells for 465k, then the market for low end properties in Mission Hills has moved down rather sharply since February (perhaps 10% or more). If it sits on the market at 465k then we have very clear evidence that the market has weakened substantially even at the low end of the price spectrum.[/quote]

That is good to know that perhaps that garage might be able to be enlarged.

Pem, if your property is located north of Washington St, I don’t see how these little bunglalows south of University will affect your niche market. I realize they might be considered to be in “Mission Hills” but I would almost consider them to be located in Hillcrest. I see the “official” Mission Hills (north of Wash and west of Goldfinch) as a different market entirely than where these small bungalows are located. It’s not as exclusive or quiet so of course they would not sell for as much.

[bearishgurl]

[quote=pemeliza]BG, from what I could tell on google drive-by maps there is a one car garage behind the house coming off of Sutter. The lot size on the new listing is 4560 sf which is about the same as the others.

The bottom line IMHO is that if this house sells for 465k, then the market for low end properties in Mission Hills has moved down rather sharply since February (perhaps 10% or more). If it sits on the market at 465k then we have very clear evidence that the market has weakened substantially even at the low end of the price spectrum.[/quote]

That is good to know that perhaps that garage might be able to be enlarged.

Pem, if your property is located north of Washington St, I don’t see how these little bunglalows south of University will affect your niche market. I realize they might be considered to be in “Mission Hills” but I would almost consider them to be located in Hillcrest. I see the “official” Mission Hills (north of Wash and west of Goldfinch) as a different market entirely than where these small bungalows are located. It’s not as exclusive or quiet so of course they would not sell for as much.

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