- This topic has 186 replies, 13 voices, and was last updated 12 years, 8 months ago by
kcal09.
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April 11, 2011 at 10:30 AM #686473April 11, 2011 at 3:03 PM #685432
sunny88
Participant[quote=SD Realtor]I would agree with what Scarlett said. I would be more comfortable with the 1750 sf homes down lower then where they are now. At the 500k price they are horrible investment properties. Most of those that were bought for investments were done so long ago. The majority were owner occupied and bought at a low price and then the owners moved on but kept the unit. I am not sure how low they will go because it is a nice area that has decent demand. I do believe they will move down though.[/quote]
Since the interest rates will go up eventually do you think that the lower priced properties in Scripps Ranch will become more popular than the more expensive ones and thus lose less value since they are more “affordable”? It just seems to me that Miro is more attractive than some of the surrounding neighborhoods.
April 11, 2011 at 3:03 PM #685483Participant[quote=SD Realtor]I would agree with what Scarlett said. I would be more comfortable with the 1750 sf homes down lower then where they are now. At the 500k price they are horrible investment properties. Most of those that were bought for investments were done so long ago. The majority were owner occupied and bought at a low price and then the owners moved on but kept the unit. I am not sure how low they will go because it is a nice area that has decent demand. I do believe they will move down though.[/quote]
Since the interest rates will go up eventually do you think that the lower priced properties in Scripps Ranch will become more popular than the more expensive ones and thus lose less value since they are more “affordable”? It just seems to me that Miro is more attractive than some of the surrounding neighborhoods.
April 11, 2011 at 3:03 PM #686110Participant[quote=SD Realtor]I would agree with what Scarlett said. I would be more comfortable with the 1750 sf homes down lower then where they are now. At the 500k price they are horrible investment properties. Most of those that were bought for investments were done so long ago. The majority were owner occupied and bought at a low price and then the owners moved on but kept the unit. I am not sure how low they will go because it is a nice area that has decent demand. I do believe they will move down though.[/quote]
Since the interest rates will go up eventually do you think that the lower priced properties in Scripps Ranch will become more popular than the more expensive ones and thus lose less value since they are more “affordable”? It just seems to me that Miro is more attractive than some of the surrounding neighborhoods.
April 11, 2011 at 3:03 PM #686251Participant[quote=SD Realtor]I would agree with what Scarlett said. I would be more comfortable with the 1750 sf homes down lower then where they are now. At the 500k price they are horrible investment properties. Most of those that were bought for investments were done so long ago. The majority were owner occupied and bought at a low price and then the owners moved on but kept the unit. I am not sure how low they will go because it is a nice area that has decent demand. I do believe they will move down though.[/quote]
Since the interest rates will go up eventually do you think that the lower priced properties in Scripps Ranch will become more popular than the more expensive ones and thus lose less value since they are more “affordable”? It just seems to me that Miro is more attractive than some of the surrounding neighborhoods.
April 11, 2011 at 3:03 PM #686603Participant[quote=SD Realtor]I would agree with what Scarlett said. I would be more comfortable with the 1750 sf homes down lower then where they are now. At the 500k price they are horrible investment properties. Most of those that were bought for investments were done so long ago. The majority were owner occupied and bought at a low price and then the owners moved on but kept the unit. I am not sure how low they will go because it is a nice area that has decent demand. I do believe they will move down though.[/quote]
Since the interest rates will go up eventually do you think that the lower priced properties in Scripps Ranch will become more popular than the more expensive ones and thus lose less value since they are more “affordable”? It just seems to me that Miro is more attractive than some of the surrounding neighborhoods.
April 11, 2011 at 3:55 PM #685461SD Realtor
ParticipantWell I think that in general price compression is always more substantial in more expensive homes. So to some degree the answer would be yes but I don’t think the number will be substantial. Maybe a few percent. That is just a guesstimate though.
April 11, 2011 at 3:55 PM #685513ParticipantWell I think that in general price compression is always more substantial in more expensive homes. So to some degree the answer would be yes but I don’t think the number will be substantial. Maybe a few percent. That is just a guesstimate though.
April 11, 2011 at 3:55 PM #686140ParticipantWell I think that in general price compression is always more substantial in more expensive homes. So to some degree the answer would be yes but I don’t think the number will be substantial. Maybe a few percent. That is just a guesstimate though.
April 11, 2011 at 3:55 PM #686281ParticipantWell I think that in general price compression is always more substantial in more expensive homes. So to some degree the answer would be yes but I don’t think the number will be substantial. Maybe a few percent. That is just a guesstimate though.
April 11, 2011 at 3:55 PM #686633ParticipantWell I think that in general price compression is always more substantial in more expensive homes. So to some degree the answer would be yes but I don’t think the number will be substantial. Maybe a few percent. That is just a guesstimate though.
June 29, 2011 at 11:01 PM #706711kcal09
ParticipantLooks like the prices have not changed much since April 2011. Does that mean that we are getting close to a bottom as the overall market has weakened over the last few months? I’m still interested in buying a 3/3 condo (1,700 sqft) for investment.
June 29, 2011 at 11:01 PM #706808ParticipantLooks like the prices have not changed much since April 2011. Does that mean that we are getting close to a bottom as the overall market has weakened over the last few months? I’m still interested in buying a 3/3 condo (1,700 sqft) for investment.
June 29, 2011 at 11:01 PM #707408ParticipantLooks like the prices have not changed much since April 2011. Does that mean that we are getting close to a bottom as the overall market has weakened over the last few months? I’m still interested in buying a 3/3 condo (1,700 sqft) for investment.
June 29, 2011 at 11:01 PM #707558ParticipantLooks like the prices have not changed much since April 2011. Does that mean that we are getting close to a bottom as the overall market has weakened over the last few months? I’m still interested in buying a 3/3 condo (1,700 sqft) for investment.
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