NORTH PARK (92104) SFAMILY HOMES NOW AT 2005 BUBBLE PRICING.

[urbanrealtor]

Not looking at hard data as I write this but this is the area where I live and specialize in.

It seems that the SFRs in desirable uptown neighborhoods have a relatively less elastic demand curve than most of the county.

Prices there seem more like 2007 than 2005 but again I am not looking at data as I write this.

Simply put, prices don’t really need to drop there much for desire and easy lending to create effective demand.

Thats why anything with a second commode (like even in the garage) gets an extra 100k in value there.

[ctr70]

North Park, South Park, Univ Heights…definately did not take as big of a hit as a lot of areas (like Eastlake for example). Even the 1 bed condo conversions in the better areas of np/sp/uh are creeping up in price.

I’ve seen non-flipper normal buyers who bought condo’s in 2008 that can now sell and have enough room to pay 6% to Realtors + bank a little cash from the sale.

The bottom was in that brief period from spring 2008 to early 2009. Now it is multiple offer city with seemingly no end in sight.

[ctr70]

North Park, South Park, Univ Heights…definately did not take as big of a hit as a lot of areas (like Eastlake for example). Even the 1 bed condo conversions in the better areas of np/sp/uh are creeping up in price.

I’ve seen non-flipper normal buyers who bought condo’s in 2008 that can now sell and have enough room to pay 6% to Realtors + bank a little cash from the sale.

The bottom was in that brief period from spring 2008 to early 2009. Now it is multiple offer city with seemingly no end in sight.

[ctr70]

North Park, South Park, Univ Heights…definately did not take as big of a hit as a lot of areas (like Eastlake for example). Even the 1 bed condo conversions in the better areas of np/sp/uh are creeping up in price.

I’ve seen non-flipper normal buyers who bought condo’s in 2008 that can now sell and have enough room to pay 6% to Realtors + bank a little cash from the sale.

The bottom was in that brief period from spring 2008 to early 2009. Now it is multiple offer city with seemingly no end in sight.

[ctr70]

North Park, South Park, Univ Heights…definately did not take as big of a hit as a lot of areas (like Eastlake for example). Even the 1 bed condo conversions in the better areas of np/sp/uh are creeping up in price.

I’ve seen non-flipper normal buyers who bought condo’s in 2008 that can now sell and have enough room to pay 6% to Realtors + bank a little cash from the sale.

The bottom was in that brief period from spring 2008 to early 2009. Now it is multiple offer city with seemingly no end in sight.

[ctr70]

North Park, South Park, Univ Heights…definately did not take as big of a hit as a lot of areas (like Eastlake for example). Even the 1 bed condo conversions in the better areas of np/sp/uh are creeping up in price.

I’ve seen non-flipper normal buyers who bought condo’s in 2008 that can now sell and have enough room to pay 6% to Realtors + bank a little cash from the sale.

The bottom was in that brief period from spring 2008 to early 2009. Now it is multiple offer city with seemingly no end in sight.

[JerseyGrl]

“oh, the house is next to a school football field. 2bed 2 bath 1300sq feet, 2 car garage and they are only asking 575,000!!!!”

You must mean this one. Such a deal. They’ve reduced the price a couple times…..you mean you don’t think this is worth 0.5 million +??? If you have sons, they can walk across the street to St Augustines!

http://www.sdlookup.com/MLS-090055280-2805_33rd_St_San_Diego_CA_92104

[JerseyGrl]

“oh, the house is next to a school football field. 2bed 2 bath 1300sq feet, 2 car garage and they are only asking 575,000!!!!”

You must mean this one. Such a deal. They’ve reduced the price a couple times…..you mean you don’t think this is worth 0.5 million +??? If you have sons, they can walk across the street to St Augustines!

http://www.sdlookup.com/MLS-090055280-2805_33rd_St_San_Diego_CA_92104

[JerseyGrl]

“oh, the house is next to a school football field. 2bed 2 bath 1300sq feet, 2 car garage and they are only asking 575,000!!!!”

You must mean this one. Such a deal. They’ve reduced the price a couple times…..you mean you don’t think this is worth 0.5 million +??? If you have sons, they can walk across the street to St Augustines!

http://www.sdlookup.com/MLS-090055280-2805_33rd_St_San_Diego_CA_92104

[JerseyGrl]

“oh, the house is next to a school football field. 2bed 2 bath 1300sq feet, 2 car garage and they are only asking 575,000!!!!”

You must mean this one. Such a deal. They’ve reduced the price a couple times…..you mean you don’t think this is worth 0.5 million +??? If you have sons, they can walk across the street to St Augustines!

http://www.sdlookup.com/MLS-090055280-2805_33rd_St_San_Diego_CA_92104

[JerseyGrl]

“oh, the house is next to a school football field. 2bed 2 bath 1300sq feet, 2 car garage and they are only asking 575,000!!!!”

You must mean this one. Such a deal. They’ve reduced the price a couple times…..you mean you don’t think this is worth 0.5 million +??? If you have sons, they can walk across the street to St Augustines!

http://www.sdlookup.com/MLS-090055280-2805_33rd_St_San_Diego_CA_92104

[Anonymous]

The asking price seems to be a bit too high as it hasn’t gone pending yet. It’s also $100K below the 2006 sold price, so it’s not like that’s peak pricing either.

[Anonymous]

The asking price seems to be a bit too high as it hasn’t gone pending yet. It’s also $100K below the 2006 sold price, so it’s not like that’s peak pricing either.

[Anonymous]

The asking price seems to be a bit too high as it hasn’t gone pending yet. It’s also $100K below the 2006 sold price, so it’s not like that’s peak pricing either.

[Anonymous]

The asking price seems to be a bit too high as it hasn’t gone pending yet. It’s also $100K below the 2006 sold price, so it’s not like that’s peak pricing either.

[Author]

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