One observation on CV inventory

[patientlywaiting]

“If your clients are spending $30k a year renting; waiting for another $50k price drop becomes a factor for consideration.”

It’s not like you won’t paid that or much more to use the bank’s money to buy. But I see your point…. People think up whatever to justify a purchase.

Talking about justifications, I know someone who bought a time share for 1 week per year. With HOA and taxes it works out to $150/day (not including purchase price). The resorts you can exchange for are not in the most desirable areas and you can bid on Priceline or book on Expedia for less. His justifications:

1) That gets him and his wife out of house — forced vacation every year.
2) The time share condos you can book have kitchens so you can cook and save money while on vacation.

I’d rather book a hotel room wherever I want and eat out. I would pay the same price and not have to lift a finger.

[pepsi]

Managed Time Share/Condo:

That is what we always looking for when we do our vacation. Whenever we go, we look for time share/hotel (with kitchen) on expedia and never have to worry about exchange/swap or whatever stupid rules (block-out dates?) they have in the time-sharing network.

And it costs about the same ($150).

[pepsi]

Managed Time Share/Condo:

That is what we always looking for when we do our vacation. Whenever we go, we look for time share/hotel (with kitchen) on expedia and never have to worry about exchange/swap or whatever stupid rules (block-out dates?) they have in the time-sharing network.

And it costs about the same ($150).

[pepsi]

Managed Time Share/Condo:

That is what we always looking for when we do our vacation. Whenever we go, we look for time share/hotel (with kitchen) on expedia and never have to worry about exchange/swap or whatever stupid rules (block-out dates?) they have in the time-sharing network.

And it costs about the same ($150).

[pepsi]

Managed Time Share/Condo:

That is what we always looking for when we do our vacation. Whenever we go, we look for time share/hotel (with kitchen) on expedia and never have to worry about exchange/swap or whatever stupid rules (block-out dates?) they have in the time-sharing network.

And it costs about the same ($150).

[pepsi]

Managed Time Share/Condo:

That is what we always looking for when we do our vacation. Whenever we go, we look for time share/hotel (with kitchen) on expedia and never have to worry about exchange/swap or whatever stupid rules (block-out dates?) they have in the time-sharing network.

And it costs about the same ($150).

[Coronita]

I'm curious as to which general areas your frustrated clients are looking?

I've been passively watching many of the areas just north of the 56 for a while now, everything from CV to RB West. Prices are still strong, and new developments are still selling like hot cakes. But there is some downward movement.

The # of homes listed in the high 600, 700, and low 800s have definitely increased IMHO. There are a lot of places that were listing in the 900's now in the high 700's. Many of these are within the 2,500 to 3,100sqft range. A fair number are now in the ~5-6% annual appreciation range from 1999.

The area near the new Intuit complex appears to be getting hit pretty hard. Not too surprising since those were all built around 2003/2004 I believe.

For me personally, $700-750k is the sweet spot. What's concerning though however, is at that price the demand starts to get significantly higher from what I've seen on boards like this, and from conversations with friends. CV, Encinitas, etc – I think that price range would bring in a fair number of buyers.

It'll be curious to see the landscape towards the end of this year. Once prices start getting within 10-15% of "target price"; the rent/waiting time starts to become a big factor. If your clients are spending $30k a year renting; waiting for another $50k price drop becomes a factor for consideration.

 

 

You probably already know this, but the area around intuit isn't carmel valley. But you were probably just talking about the 56 corridor in general.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I'm curious as to which general areas your frustrated clients are looking?

I've been passively watching many of the areas just north of the 56 for a while now, everything from CV to RB West. Prices are still strong, and new developments are still selling like hot cakes. But there is some downward movement.

The # of homes listed in the high 600, 700, and low 800s have definitely increased IMHO. There are a lot of places that were listing in the 900's now in the high 700's. Many of these are within the 2,500 to 3,100sqft range. A fair number are now in the ~5-6% annual appreciation range from 1999.

The area near the new Intuit complex appears to be getting hit pretty hard. Not too surprising since those were all built around 2003/2004 I believe.

For me personally, $700-750k is the sweet spot. What's concerning though however, is at that price the demand starts to get significantly higher from what I've seen on boards like this, and from conversations with friends. CV, Encinitas, etc – I think that price range would bring in a fair number of buyers.

It'll be curious to see the landscape towards the end of this year. Once prices start getting within 10-15% of "target price"; the rent/waiting time starts to become a big factor. If your clients are spending $30k a year renting; waiting for another $50k price drop becomes a factor for consideration.

 

 

You probably already know this, but the area around intuit isn't carmel valley. But you were probably just talking about the 56 corridor in general.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I'm curious as to which general areas your frustrated clients are looking?

I've been passively watching many of the areas just north of the 56 for a while now, everything from CV to RB West. Prices are still strong, and new developments are still selling like hot cakes. But there is some downward movement.

The # of homes listed in the high 600, 700, and low 800s have definitely increased IMHO. There are a lot of places that were listing in the 900's now in the high 700's. Many of these are within the 2,500 to 3,100sqft range. A fair number are now in the ~5-6% annual appreciation range from 1999.

The area near the new Intuit complex appears to be getting hit pretty hard. Not too surprising since those were all built around 2003/2004 I believe.

For me personally, $700-750k is the sweet spot. What's concerning though however, is at that price the demand starts to get significantly higher from what I've seen on boards like this, and from conversations with friends. CV, Encinitas, etc – I think that price range would bring in a fair number of buyers.

It'll be curious to see the landscape towards the end of this year. Once prices start getting within 10-15% of "target price"; the rent/waiting time starts to become a big factor. If your clients are spending $30k a year renting; waiting for another $50k price drop becomes a factor for consideration.

 

 

You probably already know this, but the area around intuit isn't carmel valley. But you were probably just talking about the 56 corridor in general.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I'm curious as to which general areas your frustrated clients are looking?

I've been passively watching many of the areas just north of the 56 for a while now, everything from CV to RB West. Prices are still strong, and new developments are still selling like hot cakes. But there is some downward movement.

The # of homes listed in the high 600, 700, and low 800s have definitely increased IMHO. There are a lot of places that were listing in the 900's now in the high 700's. Many of these are within the 2,500 to 3,100sqft range. A fair number are now in the ~5-6% annual appreciation range from 1999.

The area near the new Intuit complex appears to be getting hit pretty hard. Not too surprising since those were all built around 2003/2004 I believe.

For me personally, $700-750k is the sweet spot. What's concerning though however, is at that price the demand starts to get significantly higher from what I've seen on boards like this, and from conversations with friends. CV, Encinitas, etc – I think that price range would bring in a fair number of buyers.

It'll be curious to see the landscape towards the end of this year. Once prices start getting within 10-15% of "target price"; the rent/waiting time starts to become a big factor. If your clients are spending $30k a year renting; waiting for another $50k price drop becomes a factor for consideration.

 

 

You probably already know this, but the area around intuit isn't carmel valley. But you were probably just talking about the 56 corridor in general.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Omega Point]

I don’t believe CV can hold out for too much longer because nearby communities are falling in price. The price differential between these communities and CV will be too great.

[Omega Point]

I don’t believe CV can hold out for too much longer because nearby communities are falling in price. The price differential between these communities and CV will be too great.

[Omega Point]

I don’t believe CV can hold out for too much longer because nearby communities are falling in price. The price differential between these communities and CV will be too great.

[Omega Point]

I don’t believe CV can hold out for too much longer because nearby communities are falling in price. The price differential between these communities and CV will be too great.

[Omega Point]

I don’t believe CV can hold out for too much longer because nearby communities are falling in price. The price differential between these communities and CV will be too great.

[Author]

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