One observation on CV inventory

[zk]

A very nice home in Santa Barbara sold today for 1.2M. 3,377 sf, huge (by CV standards) back yard, spectacular view. This is exactly the type of home I’ve been watching the closest. 2 years ago, this house would probably sold for 1.4M (or more if he got lucky right at the peak). This type (very desireable) of property has been extremely sticky coming down. This, however, could be a nice comp to start things down.

[zk]

A very nice home in Santa Barbara sold today for 1.2M. 3,377 sf, huge (by CV standards) back yard, spectacular view. This is exactly the type of home I’ve been watching the closest. 2 years ago, this house would probably sold for 1.4M (or more if he got lucky right at the peak). This type (very desireable) of property has been extremely sticky coming down. This, however, could be a nice comp to start things down.

[zk]

A very nice home in Santa Barbara sold today for 1.2M. 3,377 sf, huge (by CV standards) back yard, spectacular view. This is exactly the type of home I’ve been watching the closest. 2 years ago, this house would probably sold for 1.4M (or more if he got lucky right at the peak). This type (very desireable) of property has been extremely sticky coming down. This, however, could be a nice comp to start things down.

[zk]

A very nice home in Santa Barbara sold today for 1.2M. 3,377 sf, huge (by CV standards) back yard, spectacular view. This is exactly the type of home I’ve been watching the closest. 2 years ago, this house would probably sold for 1.4M (or more if he got lucky right at the peak). This type (very desireable) of property has been extremely sticky coming down. This, however, could be a nice comp to start things down.

[sdduuuude]

I think in the current market what causes one area to be more “resilient” is whether or not there was heavy speculative growth during the bubble inflation years.

AN – good numbers on those neighborhoods. The question I have – what was it like in 2002 ? Was the % difference between CV and other areas about the same ?

Did CV see price increases due to speculation or were people buying to live there? Did CV see more growth than other areas or less ?

In other words, I wanna see something like Rich’s Case-Schiller graphs (or price per sq ft) with a different line for each of these zip codes, (plus, maybe Temecula to see a worst case). That would help answer the Q of what ‘hoods will be more resilient.

[sdduuuude]

I think in the current market what causes one area to be more “resilient” is whether or not there was heavy speculative growth during the bubble inflation years.

AN – good numbers on those neighborhoods. The question I have – what was it like in 2002 ? Was the % difference between CV and other areas about the same ?

Did CV see price increases due to speculation or were people buying to live there? Did CV see more growth than other areas or less ?

In other words, I wanna see something like Rich’s Case-Schiller graphs (or price per sq ft) with a different line for each of these zip codes, (plus, maybe Temecula to see a worst case). That would help answer the Q of what ‘hoods will be more resilient.

[sdduuuude]

I think in the current market what causes one area to be more “resilient” is whether or not there was heavy speculative growth during the bubble inflation years.

AN – good numbers on those neighborhoods. The question I have – what was it like in 2002 ? Was the % difference between CV and other areas about the same ?

Did CV see price increases due to speculation or were people buying to live there? Did CV see more growth than other areas or less ?

In other words, I wanna see something like Rich’s Case-Schiller graphs (or price per sq ft) with a different line for each of these zip codes, (plus, maybe Temecula to see a worst case). That would help answer the Q of what ‘hoods will be more resilient.

[sdduuuude]

I think in the current market what causes one area to be more “resilient” is whether or not there was heavy speculative growth during the bubble inflation years.

AN – good numbers on those neighborhoods. The question I have – what was it like in 2002 ? Was the % difference between CV and other areas about the same ?

Did CV see price increases due to speculation or were people buying to live there? Did CV see more growth than other areas or less ?

In other words, I wanna see something like Rich’s Case-Schiller graphs (or price per sq ft) with a different line for each of these zip codes, (plus, maybe Temecula to see a worst case). That would help answer the Q of what ‘hoods will be more resilient.

[an]

sdduuuude, I wish I have those info. Based on the seat of my pants though, CV is the only area in the list that have new housing stock in this size range. I’m pretty sure it’s almost impossible to tell if the buyers were speculator or people buying to live in. This is because you have people who buy to live in, but they also speculate that price will continue to go up, so they buy the biggest, most expensive house they can afford.

[an]

sdduuuude, I wish I have those info. Based on the seat of my pants though, CV is the only area in the list that have new housing stock in this size range. I’m pretty sure it’s almost impossible to tell if the buyers were speculator or people buying to live in. This is because you have people who buy to live in, but they also speculate that price will continue to go up, so they buy the biggest, most expensive house they can afford.

[an]

sdduuuude, I wish I have those info. Based on the seat of my pants though, CV is the only area in the list that have new housing stock in this size range. I’m pretty sure it’s almost impossible to tell if the buyers were speculator or people buying to live in. This is because you have people who buy to live in, but they also speculate that price will continue to go up, so they buy the biggest, most expensive house they can afford.

[an]

sdduuuude, I wish I have those info. Based on the seat of my pants though, CV is the only area in the list that have new housing stock in this size range. I’m pretty sure it’s almost impossible to tell if the buyers were speculator or people buying to live in. This is because you have people who buy to live in, but they also speculate that price will continue to go up, so they buy the biggest, most expensive house they can afford.

[sdduuuude]

Hey SDR – while you are looking, if happen to notice any 1800 – 2200 sq ft homes on lots over 9,000 sq. ft and you get a chance to post them here, I’d appreciate it.

I’m just a “looky loo” at this point, but want to keep an eye on this type of home in CV / Dieguito School District.

Thanks.

[sdduuuude]

Hey SDR – while you are looking, if happen to notice any 1800 – 2200 sq ft homes on lots over 9,000 sq. ft and you get a chance to post them here, I’d appreciate it.

I’m just a “looky loo” at this point, but want to keep an eye on this type of home in CV / Dieguito School District.

Thanks.

[sdduuuude]

Hey SDR – while you are looking, if happen to notice any 1800 – 2200 sq ft homes on lots over 9,000 sq. ft and you get a chance to post them here, I’d appreciate it.

I’m just a “looky loo” at this point, but want to keep an eye on this type of home in CV / Dieguito School District.

Thanks.

[Author]

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