North park flips… relatistic prices?

[SD Realtor]

Yes I agree Andy. I am not saying prices are going to go either way, I just try to interpret the data. The data from the auctions suggests it will be harder, much harder for flippers to make money, myself included. However overall re market data shows inventory growth in certain areas which bodes well for buyers. Lets see what happens. Again, the game is rigged but even rigged games break when the tipping point is reached. My consistent message is that interest rates will be the big catalyst behind the next big move down. However we could see moderate downward movement if inventory keeps growing.

[pemeliza]

Another flip in 92103. Took them forever to sell it and they took well under list price.

http://www.sdlookup.com/MLS-100020729-4230_Albatross_Dr_San_Diego_CA_92103

[pemeliza]

Another flip in 92103. Took them forever to sell it and they took well under list price.

http://www.sdlookup.com/MLS-100020729-4230_Albatross_Dr_San_Diego_CA_92103

[pemeliza]

Another flip in 92103. Took them forever to sell it and they took well under list price.

http://www.sdlookup.com/MLS-100020729-4230_Albatross_Dr_San_Diego_CA_92103

[pemeliza]

Another flip in 92103. Took them forever to sell it and they took well under list price.

http://www.sdlookup.com/MLS-100020729-4230_Albatross_Dr_San_Diego_CA_92103

[pemeliza]

Another flip in 92103. Took them forever to sell it and they took well under list price.

http://www.sdlookup.com/MLS-100020729-4230_Albatross_Dr_San_Diego_CA_92103

[savingforahouse]

Hey Piggs-

Thanks for the insight, as usual. I think it will be interesting to see how all this plays out. Right now, there is a ppsf differential of about 100 bucks between mission hills and North Park, but with substantially more variability (SDLOOKUP today).

Over and all I would think that a drop of 50 bucks a square foot in NP would be my price point, and perhaps reflect the differences between MH and NP. Academically, it is really very interesting to see how how confused, and irrational the market still is.

Perhaps, unfortunately, the loss of extended unemployment benefits will bring some rationality to the idea that things are ready to rebound.

ps anyone have any feelings and thoughts about el cerrito, my realtor has been pushing it as an alternative… I am ambivalent.

still saving, and saving and saving (thank god for the 0.01% interest that is the standard at Chase!!)

[savingforahouse]

Hey Piggs-

Thanks for the insight, as usual. I think it will be interesting to see how all this plays out. Right now, there is a ppsf differential of about 100 bucks between mission hills and North Park, but with substantially more variability (SDLOOKUP today).

Over and all I would think that a drop of 50 bucks a square foot in NP would be my price point, and perhaps reflect the differences between MH and NP. Academically, it is really very interesting to see how how confused, and irrational the market still is.

Perhaps, unfortunately, the loss of extended unemployment benefits will bring some rationality to the idea that things are ready to rebound.

ps anyone have any feelings and thoughts about el cerrito, my realtor has been pushing it as an alternative… I am ambivalent.

still saving, and saving and saving (thank god for the 0.01% interest that is the standard at Chase!!)

[savingforahouse]

Hey Piggs-

Thanks for the insight, as usual. I think it will be interesting to see how all this plays out. Right now, there is a ppsf differential of about 100 bucks between mission hills and North Park, but with substantially more variability (SDLOOKUP today).

Over and all I would think that a drop of 50 bucks a square foot in NP would be my price point, and perhaps reflect the differences between MH and NP. Academically, it is really very interesting to see how how confused, and irrational the market still is.

Perhaps, unfortunately, the loss of extended unemployment benefits will bring some rationality to the idea that things are ready to rebound.

ps anyone have any feelings and thoughts about el cerrito, my realtor has been pushing it as an alternative… I am ambivalent.

still saving, and saving and saving (thank god for the 0.01% interest that is the standard at Chase!!)

[savingforahouse]

Hey Piggs-

Thanks for the insight, as usual. I think it will be interesting to see how all this plays out. Right now, there is a ppsf differential of about 100 bucks between mission hills and North Park, but with substantially more variability (SDLOOKUP today).

Over and all I would think that a drop of 50 bucks a square foot in NP would be my price point, and perhaps reflect the differences between MH and NP. Academically, it is really very interesting to see how how confused, and irrational the market still is.

Perhaps, unfortunately, the loss of extended unemployment benefits will bring some rationality to the idea that things are ready to rebound.

ps anyone have any feelings and thoughts about el cerrito, my realtor has been pushing it as an alternative… I am ambivalent.

still saving, and saving and saving (thank god for the 0.01% interest that is the standard at Chase!!)

[savingforahouse]

Hey Piggs-

Thanks for the insight, as usual. I think it will be interesting to see how all this plays out. Right now, there is a ppsf differential of about 100 bucks between mission hills and North Park, but with substantially more variability (SDLOOKUP today).

Over and all I would think that a drop of 50 bucks a square foot in NP would be my price point, and perhaps reflect the differences between MH and NP. Academically, it is really very interesting to see how how confused, and irrational the market still is.

Perhaps, unfortunately, the loss of extended unemployment benefits will bring some rationality to the idea that things are ready to rebound.

ps anyone have any feelings and thoughts about el cerrito, my realtor has been pushing it as an alternative… I am ambivalent.

still saving, and saving and saving (thank god for the 0.01% interest that is the standard at Chase!!)

[sdrealtor]

El Cerrito over by SDSU? Personally I prefer Rolando Village a little east of that. It has a nice feel to it and the streets arent a simple grid so traffic flows more quietly around there because there are easier cut throughs elsewhere. There is some cool architecture around there also. lastly most of the homes were built in the 1950’s which was a time when quality was pretty good. It was right after WW2 and the men came back to build nice homes for their families.

[sdrealtor]

El Cerrito over by SDSU? Personally I prefer Rolando Village a little east of that. It has a nice feel to it and the streets arent a simple grid so traffic flows more quietly around there because there are easier cut throughs elsewhere. There is some cool architecture around there also. lastly most of the homes were built in the 1950’s which was a time when quality was pretty good. It was right after WW2 and the men came back to build nice homes for their families.

[sdrealtor]

El Cerrito over by SDSU? Personally I prefer Rolando Village a little east of that. It has a nice feel to it and the streets arent a simple grid so traffic flows more quietly around there because there are easier cut throughs elsewhere. There is some cool architecture around there also. lastly most of the homes were built in the 1950’s which was a time when quality was pretty good. It was right after WW2 and the men came back to build nice homes for their families.

[sdrealtor]

El Cerrito over by SDSU? Personally I prefer Rolando Village a little east of that. It has a nice feel to it and the streets arent a simple grid so traffic flows more quietly around there because there are easier cut throughs elsewhere. There is some cool architecture around there also. lastly most of the homes were built in the 1950’s which was a time when quality was pretty good. It was right after WW2 and the men came back to build nice homes for their families.

[Author]

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