One observation on CV inventory

[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.

[an]

9000+ sq-ft lot in CV is pretty hard to find, especially for the *smaller* houses in the 1800-2200 sq-ft range. CV (less than $1M) is more cramped together than Mira mesa.

[an]

9000+ sq-ft lot in CV is pretty hard to find, especially for the *smaller* houses in the 1800-2200 sq-ft range. CV (less than $1M) is more cramped together than Mira mesa.

[an]

9000+ sq-ft lot in CV is pretty hard to find, especially for the *smaller* houses in the 1800-2200 sq-ft range. CV (less than $1M) is more cramped together than Mira mesa.

[an]

9000+ sq-ft lot in CV is pretty hard to find, especially for the *smaller* houses in the 1800-2200 sq-ft range. CV (less than $1M) is more cramped together than Mira mesa.

[sdduuuude]

I know, I know.

There’s some on the east side of Gaffney Ct.

[sdduuuude]

I know, I know.

There’s some on the east side of Gaffney Ct.

[sdduuuude]

I know, I know.

There’s some on the east side of Gaffney Ct.

[sdduuuude]

I know, I know.

There’s some on the east side of Gaffney Ct.

[zk]

Another (nice) CV house sold today at a price somewhat off the peak. A 3800 sf house on Philbrook Square backing the canyon (although with a ridge in the back yard sort of blocking the view) for 1.125M.

Both this and the Santa Barbara that I mentioned the other day are good houses in good locations. Yet both had prices set at post-peak pricing, and they both, despite being on the market for only 4 days, took an offer somewhat off the asking price (50k for the SB and 75k for the Philbrook Sq.) The speculation has been that CV is holding on because of the lack of must-sell inventory. Perhaps these owners needed to sell. Or perhaps the psychology is changing and people feel like they need to take what they can get before things really go south. Or perhaps both.

[zk]

Another (nice) CV house sold today at a price somewhat off the peak. A 3800 sf house on Philbrook Square backing the canyon (although with a ridge in the back yard sort of blocking the view) for 1.125M.

Both this and the Santa Barbara that I mentioned the other day are good houses in good locations. Yet both had prices set at post-peak pricing, and they both, despite being on the market for only 4 days, took an offer somewhat off the asking price (50k for the SB and 75k for the Philbrook Sq.) The speculation has been that CV is holding on because of the lack of must-sell inventory. Perhaps these owners needed to sell. Or perhaps the psychology is changing and people feel like they need to take what they can get before things really go south. Or perhaps both.

[zk]

Another (nice) CV house sold today at a price somewhat off the peak. A 3800 sf house on Philbrook Square backing the canyon (although with a ridge in the back yard sort of blocking the view) for 1.125M.

Both this and the Santa Barbara that I mentioned the other day are good houses in good locations. Yet both had prices set at post-peak pricing, and they both, despite being on the market for only 4 days, took an offer somewhat off the asking price (50k for the SB and 75k for the Philbrook Sq.) The speculation has been that CV is holding on because of the lack of must-sell inventory. Perhaps these owners needed to sell. Or perhaps the psychology is changing and people feel like they need to take what they can get before things really go south. Or perhaps both.

[zk]

Another (nice) CV house sold today at a price somewhat off the peak. A 3800 sf house on Philbrook Square backing the canyon (although with a ridge in the back yard sort of blocking the view) for 1.125M.

Both this and the Santa Barbara that I mentioned the other day are good houses in good locations. Yet both had prices set at post-peak pricing, and they both, despite being on the market for only 4 days, took an offer somewhat off the asking price (50k for the SB and 75k for the Philbrook Sq.) The speculation has been that CV is holding on because of the lack of must-sell inventory. Perhaps these owners needed to sell. Or perhaps the psychology is changing and people feel like they need to take what they can get before things really go south. Or perhaps both.

[zk]

Another (nice) CV house sold today at a price somewhat off the peak. A 3800 sf house on Philbrook Square backing the canyon (although with a ridge in the back yard sort of blocking the view) for 1.125M.

Both this and the Santa Barbara that I mentioned the other day are good houses in good locations. Yet both had prices set at post-peak pricing, and they both, despite being on the market for only 4 days, took an offer somewhat off the asking price (50k for the SB and 75k for the Philbrook Sq.) The speculation has been that CV is holding on because of the lack of must-sell inventory. Perhaps these owners needed to sell. Or perhaps the psychology is changing and people feel like they need to take what they can get before things really go south. Or perhaps both.

[jpinpb]

I think prices definitely increased in CV during the subprime boom. I remember seeing twinhomes in 2000 sell for 400k. At the peak, they were selling for 750k. That’s in 6 years. Seems a little unrealistic appreciation, but what do I know.

[Author]

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