More Signs of Weakness in Carlsbad – 92011

[waiting for bottom]

Your are right, I am being a little loose with my years. It is more like 6-7 years ago when the houses were in the ranges I quoted.

I don’t think I’d buy in Mar Brisa, it has a cramped feel to it. The $625-$675K houses there are too small anyways.

Here is one counter-ecample though – Mariner’s point with no view:

6746 Solandra – Currently listed at $799K – Bought in 1997 at $304K – Zillow graph has this hitting 500K in 04-05. Knowing that Zillow is off, let’s call it 2002. Not quite the 600K you quoted. (I’ll use your “close enough” argument). 4%/yr since purchase get them south of $500K. This house is still listed $50K above other listings on a sq footage basis. We’ll see it below 650 in the next 18 months.

I’m not looking in the “real” Aviara.

[waiting for bottom]

Your are right, I am being a little loose with my years. It is more like 6-7 years ago when the houses were in the ranges I quoted.

I don’t think I’d buy in Mar Brisa, it has a cramped feel to it. The $625-$675K houses there are too small anyways.

Here is one counter-ecample though – Mariner’s point with no view:

6746 Solandra – Currently listed at $799K – Bought in 1997 at $304K – Zillow graph has this hitting 500K in 04-05. Knowing that Zillow is off, let’s call it 2002. Not quite the 600K you quoted. (I’ll use your “close enough” argument). 4%/yr since purchase get them south of $500K. This house is still listed $50K above other listings on a sq footage basis. We’ll see it below 650 in the next 18 months.

I’m not looking in the “real” Aviara.

[sdrealtor]

Let’s not call it anything WFB, lets look at the facts.

That was the new price and doesnt include throwing in landscaping, appliances, window treatments etc. That brings the price to 350K in 1997 not 2002. New houses also typically go into escrow 6 months or more before closing (at least they used to) so it is essentially a 1996/1997 price which was the bottom of last cycle. That certainly is not 2002.

In 2002, the lowest sale was $585,000 on Bluepoint. There was a model match on Tea Tree for 595,000. The ocean view homes were going in the high 600’s.

I wont say that it wont get to 650,000 which is about as low as I could imagine but if it does you wont be the only one trying to buy it.

[sdrealtor]

Let’s not call it anything WFB, lets look at the facts.

That was the new price and doesnt include throwing in landscaping, appliances, window treatments etc. That brings the price to 350K in 1997 not 2002. New houses also typically go into escrow 6 months or more before closing (at least they used to) so it is essentially a 1996/1997 price which was the bottom of last cycle. That certainly is not 2002.

In 2002, the lowest sale was $585,000 on Bluepoint. There was a model match on Tea Tree for 595,000. The ocean view homes were going in the high 600’s.

I wont say that it wont get to 650,000 which is about as low as I could imagine but if it does you wont be the only one trying to buy it.

[sdrealtor]

Let’s not call it anything WFB, lets look at the facts.

That was the new price and doesnt include throwing in landscaping, appliances, window treatments etc. That brings the price to 350K in 1997 not 2002. New houses also typically go into escrow 6 months or more before closing (at least they used to) so it is essentially a 1996/1997 price which was the bottom of last cycle. That certainly is not 2002.

In 2002, the lowest sale was $585,000 on Bluepoint. There was a model match on Tea Tree for 595,000. The ocean view homes were going in the high 600’s.

I wont say that it wont get to 650,000 which is about as low as I could imagine but if it does you wont be the only one trying to buy it.

[sdrealtor]

Let’s not call it anything WFB, lets look at the facts.

That was the new price and doesnt include throwing in landscaping, appliances, window treatments etc. That brings the price to 350K in 1997 not 2002. New houses also typically go into escrow 6 months or more before closing (at least they used to) so it is essentially a 1996/1997 price which was the bottom of last cycle. That certainly is not 2002.

In 2002, the lowest sale was $585,000 on Bluepoint. There was a model match on Tea Tree for 595,000. The ocean view homes were going in the high 600’s.

I wont say that it wont get to 650,000 which is about as low as I could imagine but if it does you wont be the only one trying to buy it.

[sdrealtor]

Let’s not call it anything WFB, lets look at the facts.

That was the new price and doesnt include throwing in landscaping, appliances, window treatments etc. That brings the price to 350K in 1997 not 2002. New houses also typically go into escrow 6 months or more before closing (at least they used to) so it is essentially a 1996/1997 price which was the bottom of last cycle. That certainly is not 2002.

In 2002, the lowest sale was $585,000 on Bluepoint. There was a model match on Tea Tree for 595,000. The ocean view homes were going in the high 600’s.

I wont say that it wont get to 650,000 which is about as low as I could imagine but if it does you wont be the only one trying to buy it.

[waiting for bottom]

Other facts:

No one bought this house when it was priced at $899K.

No one bought this house when it was priced at $849K.

No one is bitiing now at $799K.

There is a larger house on a culdesac in The Cove for $799K.

Your colleague marketed it as “priced below market” at 899K.

You guys all take data and twist it however you want. I don’t have access to the same data you do so I don’t know what to say about your 2002 sales.

[waiting for bottom]

Other facts:

No one bought this house when it was priced at $899K.

No one bought this house when it was priced at $849K.

No one is bitiing now at $799K.

There is a larger house on a culdesac in The Cove for $799K.

Your colleague marketed it as “priced below market” at 899K.

You guys all take data and twist it however you want. I don’t have access to the same data you do so I don’t know what to say about your 2002 sales.

[waiting for bottom]

Other facts:

No one bought this house when it was priced at $899K.

No one bought this house when it was priced at $849K.

No one is bitiing now at $799K.

There is a larger house on a culdesac in The Cove for $799K.

Your colleague marketed it as “priced below market” at 899K.

You guys all take data and twist it however you want. I don’t have access to the same data you do so I don’t know what to say about your 2002 sales.

[waiting for bottom]

Other facts:

No one bought this house when it was priced at $899K.

No one bought this house when it was priced at $849K.

No one is bitiing now at $799K.

There is a larger house on a culdesac in The Cove for $799K.

Your colleague marketed it as “priced below market” at 899K.

You guys all take data and twist it however you want. I don’t have access to the same data you do so I don’t know what to say about your 2002 sales.

[waiting for bottom]

Other facts:

No one bought this house when it was priced at $899K.

No one bought this house when it was priced at $849K.

No one is bitiing now at $799K.

There is a larger house on a culdesac in The Cove for $799K.

Your colleague marketed it as “priced below market” at 899K.

You guys all take data and twist it however you want. I don’t have access to the same data you do so I don’t know what to say about your 2002 sales.

[NotCranky]

hugo,

http://www.sandiego-mls.com/sdpi1.asp?county=1&x=1

Here is and broker’s web page that has a pretty good area locator with a zip code map.

Disclaimer: I don’t know these people.

[NotCranky]

hugo,

http://www.sandiego-mls.com/sdpi1.asp?county=1&x=1

Here is and broker’s web page that has a pretty good area locator with a zip code map.

Disclaimer: I don’t know these people.

[NotCranky]

hugo,

http://www.sandiego-mls.com/sdpi1.asp?county=1&x=1

Here is and broker’s web page that has a pretty good area locator with a zip code map.

Disclaimer: I don’t know these people.

[Author]

Posts