Mission Hills: Low End Trends

[afx114]

[quote=JC]3521 Mississippi, 92104 has been on the market for a long time and for good reason(s).[/quote]

Care to elaborate?

[pemeliza]

Thanks for posting those listings sdr.

There have been a few here and there in the 400’s but mostly distressed sales of some type or houses with major I-5 road noise or other issues. The one at 4120 Front gets a lot of medical center traffic and noise.

I think if Goldfinch sells for list price I would not be surprised if a 3 bedroom in a “prime” location such as

http://www.zillow.com/homedetails/1629-W-Montecito-Way-San-Diego-CA-92103/16951765_zpid/

drops into the high 400’s at some point over the winter. That would represent a major market shift.

[pemeliza]

Thanks for posting those listings sdr.

There have been a few here and there in the 400’s but mostly distressed sales of some type or houses with major I-5 road noise or other issues. The one at 4120 Front gets a lot of medical center traffic and noise.

I think if Goldfinch sells for list price I would not be surprised if a 3 bedroom in a “prime” location such as

http://www.zillow.com/homedetails/1629-W-Montecito-Way-San-Diego-CA-92103/16951765_zpid/

drops into the high 400’s at some point over the winter. That would represent a major market shift.

[pemeliza]

Thanks for posting those listings sdr.

There have been a few here and there in the 400’s but mostly distressed sales of some type or houses with major I-5 road noise or other issues. The one at 4120 Front gets a lot of medical center traffic and noise.

I think if Goldfinch sells for list price I would not be surprised if a 3 bedroom in a “prime” location such as

http://www.zillow.com/homedetails/1629-W-Montecito-Way-San-Diego-CA-92103/16951765_zpid/

drops into the high 400’s at some point over the winter. That would represent a major market shift.

[pemeliza]

Thanks for posting those listings sdr.

There have been a few here and there in the 400’s but mostly distressed sales of some type or houses with major I-5 road noise or other issues. The one at 4120 Front gets a lot of medical center traffic and noise.

I think if Goldfinch sells for list price I would not be surprised if a 3 bedroom in a “prime” location such as

http://www.zillow.com/homedetails/1629-W-Montecito-Way-San-Diego-CA-92103/16951765_zpid/

drops into the high 400’s at some point over the winter. That would represent a major market shift.

[pemeliza]

Thanks for posting those listings sdr.

There have been a few here and there in the 400’s but mostly distressed sales of some type or houses with major I-5 road noise or other issues. The one at 4120 Front gets a lot of medical center traffic and noise.

I think if Goldfinch sells for list price I would not be surprised if a 3 bedroom in a “prime” location such as

http://www.zillow.com/homedetails/1629-W-Montecito-Way-San-Diego-CA-92103/16951765_zpid/

drops into the high 400’s at some point over the winter. That would represent a major market shift.

[sdrealtor]

pem
While I agree it could happen what you see with the Goldfinch house is an opportunity. At 465K it looks like a very nice deal. It could sell around that because of the circumstances around it. That homes is set to be sold quickly and if a buyer catches a slow window in demand, well thats how you win in this market.

That market is not directly correlated to homes being sold by folks with time to wait. RE is such a one off market. While I’m not saying you wont see prime properties reach those levels, a trust sale at this time of year does not automatically portend a major market shift.

[sdrealtor]

pem
While I agree it could happen what you see with the Goldfinch house is an opportunity. At 465K it looks like a very nice deal. It could sell around that because of the circumstances around it. That homes is set to be sold quickly and if a buyer catches a slow window in demand, well thats how you win in this market.

That market is not directly correlated to homes being sold by folks with time to wait. RE is such a one off market. While I’m not saying you wont see prime properties reach those levels, a trust sale at this time of year does not automatically portend a major market shift.

[sdrealtor]

pem
While I agree it could happen what you see with the Goldfinch house is an opportunity. At 465K it looks like a very nice deal. It could sell around that because of the circumstances around it. That homes is set to be sold quickly and if a buyer catches a slow window in demand, well thats how you win in this market.

That market is not directly correlated to homes being sold by folks with time to wait. RE is such a one off market. While I’m not saying you wont see prime properties reach those levels, a trust sale at this time of year does not automatically portend a major market shift.

[sdrealtor]

pem
While I agree it could happen what you see with the Goldfinch house is an opportunity. At 465K it looks like a very nice deal. It could sell around that because of the circumstances around it. That homes is set to be sold quickly and if a buyer catches a slow window in demand, well thats how you win in this market.

That market is not directly correlated to homes being sold by folks with time to wait. RE is such a one off market. While I’m not saying you wont see prime properties reach those levels, a trust sale at this time of year does not automatically portend a major market shift.

[sdrealtor]

pem
While I agree it could happen what you see with the Goldfinch house is an opportunity. At 465K it looks like a very nice deal. It could sell around that because of the circumstances around it. That homes is set to be sold quickly and if a buyer catches a slow window in demand, well thats how you win in this market.

That market is not directly correlated to homes being sold by folks with time to wait. RE is such a one off market. While I’m not saying you wont see prime properties reach those levels, a trust sale at this time of year does not automatically portend a major market shift.

[CA renter]

You guys in SD proper (that’s south of Del Mar to us NCC’ers) are so lucky to have such gorgeous houses to choose from!

Up here in NCC, it’s almost all beige HOA tract homes with tiny lots. 🙁 Very difficult to find something custom, and even those don’t have the fantastic architecture like the houses down there.

If not for the commute, we would have bought a house nearer to SD by now.

[CA renter]

You guys in SD proper (that’s south of Del Mar to us NCC’ers) are so lucky to have such gorgeous houses to choose from!

Up here in NCC, it’s almost all beige HOA tract homes with tiny lots. 🙁 Very difficult to find something custom, and even those don’t have the fantastic architecture like the houses down there.

If not for the commute, we would have bought a house nearer to SD by now.

[CA renter]

You guys in SD proper (that’s south of Del Mar to us NCC’ers) are so lucky to have such gorgeous houses to choose from!

Up here in NCC, it’s almost all beige HOA tract homes with tiny lots. 🙁 Very difficult to find something custom, and even those don’t have the fantastic architecture like the houses down there.

If not for the commute, we would have bought a house nearer to SD by now.

[CA renter]

You guys in SD proper (that’s south of Del Mar to us NCC’ers) are so lucky to have such gorgeous houses to choose from!

Up here in NCC, it’s almost all beige HOA tract homes with tiny lots. 🙁 Very difficult to find something custom, and even those don’t have the fantastic architecture like the houses down there.

If not for the commute, we would have bought a house nearer to SD by now.

[Author]

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