Mission Hills: Low End Trends

[bearishgurl]

[quote=pemeliza]BG, I agree with what you said about boundaries and that in particular North Mission Hills is different than the area these houses are located. I am not worried about the value of our house because we bought it for retirement … perhaps my kids will one day care about the value after I am gone 🙂

I keep up with the market around 92103 (although I am certainly no expert) and thought I would share my findings for those interested in how things at the low end of the price spectrum are going. We tend to talk about the high end a lot on this blog.[/quote]

Agree about the high-end discussions, Pem. IMO, these houses are the “bread and butter” of central SD. I still think your last (active) link is a gem and will certainly sell and should sell in the ballpark it is listed in. Other comparable central SD locations (ex. North Park, Univ. Heights, Golden Hill) can’t compete with that location and the other centralized communities (north and west of ballpark/East Village) are more expensive or lacking in SFR inventory.

[pemeliza]

sdr, as far as I could tell there have not been any sales solidly into the mid 4’s for 3 bedrooms on one level in that part of 92103 other than the REO that just closed at 465k last month. I did see the REO you mentioned that closed for 521k but left it out of my original analysis because it had the extra bedroom and was not a one story bungalow.

BG, I agree I would take something on Goldfinch in a heartbeat over a comparable property in North Park or University Heights.

[pemeliza]

sdr, as far as I could tell there have not been any sales solidly into the mid 4’s for 3 bedrooms on one level in that part of 92103 other than the REO that just closed at 465k last month. I did see the REO you mentioned that closed for 521k but left it out of my original analysis because it had the extra bedroom and was not a one story bungalow.

BG, I agree I would take something on Goldfinch in a heartbeat over a comparable property in North Park or University Heights.

[pemeliza]

sdr, as far as I could tell there have not been any sales solidly into the mid 4’s for 3 bedrooms on one level in that part of 92103 other than the REO that just closed at 465k last month. I did see the REO you mentioned that closed for 521k but left it out of my original analysis because it had the extra bedroom and was not a one story bungalow.

BG, I agree I would take something on Goldfinch in a heartbeat over a comparable property in North Park or University Heights.

[pemeliza]

sdr, as far as I could tell there have not been any sales solidly into the mid 4’s for 3 bedrooms on one level in that part of 92103 other than the REO that just closed at 465k last month. I did see the REO you mentioned that closed for 521k but left it out of my original analysis because it had the extra bedroom and was not a one story bungalow.

BG, I agree I would take something on Goldfinch in a heartbeat over a comparable property in North Park or University Heights.

[pemeliza]

sdr, as far as I could tell there have not been any sales solidly into the mid 4’s for 3 bedrooms on one level in that part of 92103 other than the REO that just closed at 465k last month. I did see the REO you mentioned that closed for 521k but left it out of my original analysis because it had the extra bedroom and was not a one story bungalow.

BG, I agree I would take something on Goldfinch in a heartbeat over a comparable property in North Park or University Heights.

[UCGal]

One of the advantages that Mission Hills has over the other central neighborhoods like N.P., University Heights, etc… Grant Elementary. (2010 api of 916). It may not be the highest in the district – but it’s a good school and better than the elementary schools neighboring it.

[UCGal]

One of the advantages that Mission Hills has over the other central neighborhoods like N.P., University Heights, etc… Grant Elementary. (2010 api of 916). It may not be the highest in the district – but it’s a good school and better than the elementary schools neighboring it.

[UCGal]

One of the advantages that Mission Hills has over the other central neighborhoods like N.P., University Heights, etc… Grant Elementary. (2010 api of 916). It may not be the highest in the district – but it’s a good school and better than the elementary schools neighboring it.

[UCGal]

One of the advantages that Mission Hills has over the other central neighborhoods like N.P., University Heights, etc… Grant Elementary. (2010 api of 916). It may not be the highest in the district – but it’s a good school and better than the elementary schools neighboring it.

[UCGal]

One of the advantages that Mission Hills has over the other central neighborhoods like N.P., University Heights, etc… Grant Elementary. (2010 api of 916). It may not be the highest in the district – but it’s a good school and better than the elementary schools neighboring it.

[afx114]

I can say from personal experience that this class of home is definitely dropping in price in the uptown areas. I have been watching 3/1’s or 3/2’s in the uptown areas for the past few years, waiting for them to drop below 500k, and I am definitely seeing way more listings over the past month or so. It used to be that to hit the 500k threshold you needed to go east of the 805 or south of the 94, but I’m seeing quite a few pop up in nicer areas of NP/SP/NH/UH/MH under 500k in the past few weeks.

Yesterday a 3/2 at 3521 Mississippi a block from Morley Field came up for $475 and it is now gone from the listing… looks like someone grabbed it quick!

I’d like to hear urbanrealtor’s current thoughts on these areas.

[afx114]

I can say from personal experience that this class of home is definitely dropping in price in the uptown areas. I have been watching 3/1’s or 3/2’s in the uptown areas for the past few years, waiting for them to drop below 500k, and I am definitely seeing way more listings over the past month or so. It used to be that to hit the 500k threshold you needed to go east of the 805 or south of the 94, but I’m seeing quite a few pop up in nicer areas of NP/SP/NH/UH/MH under 500k in the past few weeks.

Yesterday a 3/2 at 3521 Mississippi a block from Morley Field came up for $475 and it is now gone from the listing… looks like someone grabbed it quick!

I’d like to hear urbanrealtor’s current thoughts on these areas.

[afx114]

I can say from personal experience that this class of home is definitely dropping in price in the uptown areas. I have been watching 3/1’s or 3/2’s in the uptown areas for the past few years, waiting for them to drop below 500k, and I am definitely seeing way more listings over the past month or so. It used to be that to hit the 500k threshold you needed to go east of the 805 or south of the 94, but I’m seeing quite a few pop up in nicer areas of NP/SP/NH/UH/MH under 500k in the past few weeks.

Yesterday a 3/2 at 3521 Mississippi a block from Morley Field came up for $475 and it is now gone from the listing… looks like someone grabbed it quick!

I’d like to hear urbanrealtor’s current thoughts on these areas.

[afx114]

I can say from personal experience that this class of home is definitely dropping in price in the uptown areas. I have been watching 3/1’s or 3/2’s in the uptown areas for the past few years, waiting for them to drop below 500k, and I am definitely seeing way more listings over the past month or so. It used to be that to hit the 500k threshold you needed to go east of the 805 or south of the 94, but I’m seeing quite a few pop up in nicer areas of NP/SP/NH/UH/MH under 500k in the past few weeks.

Yesterday a 3/2 at 3521 Mississippi a block from Morley Field came up for $475 and it is now gone from the listing… looks like someone grabbed it quick!

I’d like to hear urbanrealtor’s current thoughts on these areas.

[Author]

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