Number of Million Dollar Homes?

[SD Realtor]

Looking again,

Instead of asking the posts here about statistics as to how many 1M plus homes there are on the market, or sold, or expired etc, why not ask your realtor to provide that information and then you can discuss your thoughts with him/her?

If you doubt the data is accurate then others here or myself will gladly corroborate it.

SD Realtor

[lookingagain]

Boy, you post then get back to work for a few hours…

Anyway, thanks everyone for the replies, but I guess I did not make myself as clear as I had hoped although FormerSanDiegan, that was exactly the data I was looking for.

As for my realtor, I think I really should have been more explicit since I do not think she is all that bad. Yes her primary motivation is to sell a house, and it is also true that she has totally bought into the propaganda that things are not as bad as the media is making it out to be, and she has been very patient as we have been looking for a long time now (JWM- you hit the nail on the head, if it were up to wifey we would have bought a looong time ago.!). She has been very upfront with us as to what is for sale in the area, and she does have somewhat of a point. When desireable houses that are priced attractively for the market (although still higher than I think they are worth) they do sell quickly. As another example, often discussed on these pages, Pardee has no problem selling their Derby Hill development although I personally think they are ghastly over-priced. And don’t even get me started on Pacific Highlands Ranch!!!!

It is just that as I sit and wait for prices to retreat, my realtor says (and honestly belives) that CV is “different” and that prices will not come down here. She says that there are more people who want and can afford to purchase these homes (the better ones right now) than there are homes. I just wanted to get some idea as to what the ratio of high priced homes (I had no idea where to get this info) to high income earners (easy data to find) was.

Thanks again for all the replies
Richard

[lookingagain]

Boy, you post then get back to work for a few hours…

Anyway, thanks everyone for the replies, but I guess I did not make myself as clear as I had hoped although FormerSanDiegan, that was exactly the data I was looking for.

As for my realtor, I think I really should have been more explicit since I do not think she is all that bad. Yes her primary motivation is to sell a house, and it is also true that she has totally bought into the propaganda that things are not as bad as the media is making it out to be, and she has been very patient as we have been looking for a long time now (JWM- you hit the nail on the head, if it were up to wifey we would have bought a looong time ago.!). She has been very upfront with us as to what is for sale in the area, and she does have somewhat of a point. When desireable houses that are priced attractively for the market (although still higher than I think they are worth) they do sell quickly. As another example, often discussed on these pages, Pardee has no problem selling their Derby Hill development although I personally think they are ghastly over-priced. And don’t even get me started on Pacific Highlands Ranch!!!!

It is just that as I sit and wait for prices to retreat, my realtor says (and honestly belives) that CV is “different” and that prices will not come down here. She says that there are more people who want and can afford to purchase these homes (the better ones right now) than there are homes. I just wanted to get some idea as to what the ratio of high priced homes (I had no idea where to get this info) to high income earners (easy data to find) was.

Thanks again for all the replies
Richard

[lookingagain]

Boy, you post then get back to work for a few hours…

Anyway, thanks everyone for the replies, but I guess I did not make myself as clear as I had hoped although FormerSanDiegan, that was exactly the data I was looking for.

As for my realtor, I think I really should have been more explicit since I do not think she is all that bad. Yes her primary motivation is to sell a house, and it is also true that she has totally bought into the propaganda that things are not as bad as the media is making it out to be, and she has been very patient as we have been looking for a long time now (JWM- you hit the nail on the head, if it were up to wifey we would have bought a looong time ago.!). She has been very upfront with us as to what is for sale in the area, and she does have somewhat of a point. When desireable houses that are priced attractively for the market (although still higher than I think they are worth) they do sell quickly. As another example, often discussed on these pages, Pardee has no problem selling their Derby Hill development although I personally think they are ghastly over-priced. And don’t even get me started on Pacific Highlands Ranch!!!!

It is just that as I sit and wait for prices to retreat, my realtor says (and honestly belives) that CV is “different” and that prices will not come down here. She says that there are more people who want and can afford to purchase these homes (the better ones right now) than there are homes. I just wanted to get some idea as to what the ratio of high priced homes (I had no idea where to get this info) to high income earners (easy data to find) was.

Thanks again for all the replies
Richard

[lookingagain]

Boy, you post then get back to work for a few hours…

Anyway, thanks everyone for the replies, but I guess I did not make myself as clear as I had hoped although FormerSanDiegan, that was exactly the data I was looking for.

As for my realtor, I think I really should have been more explicit since I do not think she is all that bad. Yes her primary motivation is to sell a house, and it is also true that she has totally bought into the propaganda that things are not as bad as the media is making it out to be, and she has been very patient as we have been looking for a long time now (JWM- you hit the nail on the head, if it were up to wifey we would have bought a looong time ago.!). She has been very upfront with us as to what is for sale in the area, and she does have somewhat of a point. When desireable houses that are priced attractively for the market (although still higher than I think they are worth) they do sell quickly. As another example, often discussed on these pages, Pardee has no problem selling their Derby Hill development although I personally think they are ghastly over-priced. And don’t even get me started on Pacific Highlands Ranch!!!!

It is just that as I sit and wait for prices to retreat, my realtor says (and honestly belives) that CV is “different” and that prices will not come down here. She says that there are more people who want and can afford to purchase these homes (the better ones right now) than there are homes. I just wanted to get some idea as to what the ratio of high priced homes (I had no idea where to get this info) to high income earners (easy data to find) was.

Thanks again for all the replies
Richard

[lookingagain]

Boy, you post then get back to work for a few hours…

Anyway, thanks everyone for the replies, but I guess I did not make myself as clear as I had hoped although FormerSanDiegan, that was exactly the data I was looking for.

As for my realtor, I think I really should have been more explicit since I do not think she is all that bad. Yes her primary motivation is to sell a house, and it is also true that she has totally bought into the propaganda that things are not as bad as the media is making it out to be, and she has been very patient as we have been looking for a long time now (JWM- you hit the nail on the head, if it were up to wifey we would have bought a looong time ago.!). She has been very upfront with us as to what is for sale in the area, and she does have somewhat of a point. When desireable houses that are priced attractively for the market (although still higher than I think they are worth) they do sell quickly. As another example, often discussed on these pages, Pardee has no problem selling their Derby Hill development although I personally think they are ghastly over-priced. And don’t even get me started on Pacific Highlands Ranch!!!!

It is just that as I sit and wait for prices to retreat, my realtor says (and honestly belives) that CV is “different” and that prices will not come down here. She says that there are more people who want and can afford to purchase these homes (the better ones right now) than there are homes. I just wanted to get some idea as to what the ratio of high priced homes (I had no idea where to get this info) to high income earners (easy data to find) was.

Thanks again for all the replies
Richard

[equalizer]

CA is different, then San Diego is different, everyone wants to live here, the sunshine tax, you will never be able to live there, so better move to Vegas. The Piggs will buy you a one way ticket. 🙂

[equalizer]

CA is different, then San Diego is different, everyone wants to live here, the sunshine tax, you will never be able to live there, so better move to Vegas. The Piggs will buy you a one way ticket. 🙂

[equalizer]

CA is different, then San Diego is different, everyone wants to live here, the sunshine tax, you will never be able to live there, so better move to Vegas. The Piggs will buy you a one way ticket. 🙂

[equalizer]

CA is different, then San Diego is different, everyone wants to live here, the sunshine tax, you will never be able to live there, so better move to Vegas. The Piggs will buy you a one way ticket. 🙂

[equalizer]

CA is different, then San Diego is different, everyone wants to live here, the sunshine tax, you will never be able to live there, so better move to Vegas. The Piggs will buy you a one way ticket. 🙂

[KamFongasChinHo]

Why do you NEED to buy something in your price range of $1 million to $1.5 million? Why don’t you buy the house you want and then worry about price later? Is there a need to own a “million dollar” home that if depreciation continues may not be a million dollars when you sell (or gasp! foreclose)? Seriously, wouldn’t it be better to have more money to spend on things like cars, vacations, computers, education, etc. rather than tying so much money in a house? Why do Californians pay $1 million for a 3,000 sq foot house when in most other parts of the country that house would be $500k?

[KamFongasChinHo]

Why do you NEED to buy something in your price range of $1 million to $1.5 million? Why don’t you buy the house you want and then worry about price later? Is there a need to own a “million dollar” home that if depreciation continues may not be a million dollars when you sell (or gasp! foreclose)? Seriously, wouldn’t it be better to have more money to spend on things like cars, vacations, computers, education, etc. rather than tying so much money in a house? Why do Californians pay $1 million for a 3,000 sq foot house when in most other parts of the country that house would be $500k?

[KamFongasChinHo]

Why do you NEED to buy something in your price range of $1 million to $1.5 million? Why don’t you buy the house you want and then worry about price later? Is there a need to own a “million dollar” home that if depreciation continues may not be a million dollars when you sell (or gasp! foreclose)? Seriously, wouldn’t it be better to have more money to spend on things like cars, vacations, computers, education, etc. rather than tying so much money in a house? Why do Californians pay $1 million for a 3,000 sq foot house when in most other parts of the country that house would be $500k?

[KamFongasChinHo]

Why do you NEED to buy something in your price range of $1 million to $1.5 million? Why don’t you buy the house you want and then worry about price later? Is there a need to own a “million dollar” home that if depreciation continues may not be a million dollars when you sell (or gasp! foreclose)? Seriously, wouldn’t it be better to have more money to spend on things like cars, vacations, computers, education, etc. rather than tying so much money in a house? Why do Californians pay $1 million for a 3,000 sq foot house when in most other parts of the country that house would be $500k?

[Author]

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