more high end devastation in Encinitas

[briansd1]

I remember Jim the Realtor arguing in 2006 that the primo properties would be immune, if only you’d let him find one for you. You know, one of those unique properties that people would not want to sell ever.

Problem is it doesn’t matter if you don’t sell your house. Your neighbors’ transactions determine the value of your house for you.

Pameliza, I have no interest in that area, but it’d be interesting to go down that street and some adjacent streets and research purchase history and loans outstanding. That would tell you how many owners have all the incentives to walk. That would also give you a good indication of stealth inventory.

[SD Realtor]

Pem I recall you said ou looked around in Poway as well. My wife and I have had our eye on a few nicer ones there as well but the 800s and above are sticky still. They will come down because to me the high end is the most vulnerable. The “high end” varies with neighborhoods of course.

[SD Realtor]

Pem I recall you said ou looked around in Poway as well. My wife and I have had our eye on a few nicer ones there as well but the 800s and above are sticky still. They will come down because to me the high end is the most vulnerable. The “high end” varies with neighborhoods of course.

[SD Realtor]

Pem I recall you said ou looked around in Poway as well. My wife and I have had our eye on a few nicer ones there as well but the 800s and above are sticky still. They will come down because to me the high end is the most vulnerable. The “high end” varies with neighborhoods of course.

[SD Realtor]

Pem I recall you said ou looked around in Poway as well. My wife and I have had our eye on a few nicer ones there as well but the 800s and above are sticky still. They will come down because to me the high end is the most vulnerable. The “high end” varies with neighborhoods of course.

[SD Realtor]

Pem I recall you said ou looked around in Poway as well. My wife and I have had our eye on a few nicer ones there as well but the 800s and above are sticky still. They will come down because to me the high end is the most vulnerable. The “high end” varies with neighborhoods of course.

[briansd1]

pemeliza,

Just a cursory look at Bella Laguna here.

I would say that #1650, #1709 and #1742 have good incentives to walk depending of their loans outstanding.

Of course, as jpinpb noted, #1717 is in distress with an NOD already. Now listed at $1.3 million. At 4520sf ($288/sf), it’s a relative deal compared to #1685. I personally don’t give any value to the pool at #1685.

Look up the other houses to see how many have refied and heloced out. The ones who did will be toast as wherewithal wears out.

http://www.sdlookup.com/Property_Search-Bella_Laguna

[briansd1]

pemeliza,

Just a cursory look at Bella Laguna here.

I would say that #1650, #1709 and #1742 have good incentives to walk depending of their loans outstanding.

Of course, as jpinpb noted, #1717 is in distress with an NOD already. Now listed at $1.3 million. At 4520sf ($288/sf), it’s a relative deal compared to #1685. I personally don’t give any value to the pool at #1685.

Look up the other houses to see how many have refied and heloced out. The ones who did will be toast as wherewithal wears out.

http://www.sdlookup.com/Property_Search-Bella_Laguna

[briansd1]

pemeliza,

Just a cursory look at Bella Laguna here.

I would say that #1650, #1709 and #1742 have good incentives to walk depending of their loans outstanding.

Of course, as jpinpb noted, #1717 is in distress with an NOD already. Now listed at $1.3 million. At 4520sf ($288/sf), it’s a relative deal compared to #1685. I personally don’t give any value to the pool at #1685.

Look up the other houses to see how many have refied and heloced out. The ones who did will be toast as wherewithal wears out.

http://www.sdlookup.com/Property_Search-Bella_Laguna

[briansd1]

pemeliza,

Just a cursory look at Bella Laguna here.

I would say that #1650, #1709 and #1742 have good incentives to walk depending of their loans outstanding.

Of course, as jpinpb noted, #1717 is in distress with an NOD already. Now listed at $1.3 million. At 4520sf ($288/sf), it’s a relative deal compared to #1685. I personally don’t give any value to the pool at #1685.

Look up the other houses to see how many have refied and heloced out. The ones who did will be toast as wherewithal wears out.

http://www.sdlookup.com/Property_Search-Bella_Laguna

[briansd1]

pemeliza,

Just a cursory look at Bella Laguna here.

I would say that #1650, #1709 and #1742 have good incentives to walk depending of their loans outstanding.

Of course, as jpinpb noted, #1717 is in distress with an NOD already. Now listed at $1.3 million. At 4520sf ($288/sf), it’s a relative deal compared to #1685. I personally don’t give any value to the pool at #1685.

Look up the other houses to see how many have refied and heloced out. The ones who did will be toast as wherewithal wears out.

http://www.sdlookup.com/Property_Search-Bella_Laguna

[briansd1]

[quote=sdrealtor] The second listing was actually the model and sold for $1.18M in 2000 so it was already landscaped and ready to go. I had a client look at it about a year ago when they were trying for $2.1M (we laughed). [/quote]

sdrealtor, you’re referring here to #1717.

Considering that they are now short-selling at $1.3 million (vs. $2.1 last year) and have already received an NOD, I would say that was a shocking reset in expectations for them.

I see that all the time. Owners think that they have plenty of equity only to discover that they have none when wherewithal finally wears out.

Had #1717 priced right last year, they could’ve been bailed out of trouble by an idiot buyer. Now, it’s looking more likely they’ll take a hit and end up with all those years of house payments “thrown away”

http://www.sdlookup.com/MLS-090031676-1717_Bella_Laguna_Encinitas_CA_92024

[briansd1]

[quote=sdrealtor] The second listing was actually the model and sold for $1.18M in 2000 so it was already landscaped and ready to go. I had a client look at it about a year ago when they were trying for $2.1M (we laughed). [/quote]

sdrealtor, you’re referring here to #1717.

Considering that they are now short-selling at $1.3 million (vs. $2.1 last year) and have already received an NOD, I would say that was a shocking reset in expectations for them.

I see that all the time. Owners think that they have plenty of equity only to discover that they have none when wherewithal finally wears out.

Had #1717 priced right last year, they could’ve been bailed out of trouble by an idiot buyer. Now, it’s looking more likely they’ll take a hit and end up with all those years of house payments “thrown away”

http://www.sdlookup.com/MLS-090031676-1717_Bella_Laguna_Encinitas_CA_92024

[briansd1]

[quote=sdrealtor] The second listing was actually the model and sold for $1.18M in 2000 so it was already landscaped and ready to go. I had a client look at it about a year ago when they were trying for $2.1M (we laughed). [/quote]

sdrealtor, you’re referring here to #1717.

Considering that they are now short-selling at $1.3 million (vs. $2.1 last year) and have already received an NOD, I would say that was a shocking reset in expectations for them.

I see that all the time. Owners think that they have plenty of equity only to discover that they have none when wherewithal finally wears out.

Had #1717 priced right last year, they could’ve been bailed out of trouble by an idiot buyer. Now, it’s looking more likely they’ll take a hit and end up with all those years of house payments “thrown away”

http://www.sdlookup.com/MLS-090031676-1717_Bella_Laguna_Encinitas_CA_92024

[briansd1]

[quote=sdrealtor] The second listing was actually the model and sold for $1.18M in 2000 so it was already landscaped and ready to go. I had a client look at it about a year ago when they were trying for $2.1M (we laughed). [/quote]

sdrealtor, you’re referring here to #1717.

Considering that they are now short-selling at $1.3 million (vs. $2.1 last year) and have already received an NOD, I would say that was a shocking reset in expectations for them.

I see that all the time. Owners think that they have plenty of equity only to discover that they have none when wherewithal finally wears out.

Had #1717 priced right last year, they could’ve been bailed out of trouble by an idiot buyer. Now, it’s looking more likely they’ll take a hit and end up with all those years of house payments “thrown away”

http://www.sdlookup.com/MLS-090031676-1717_Bella_Laguna_Encinitas_CA_92024

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