- This topic has 7 replies, 5 voices, and was last updated 17 years, 1 month ago by Anonymous.
-
AuthorPosts
-
March 5, 2007 at 8:05 AM #8521March 24, 2007 at 9:40 AM #48369AnonymousGuest
I owned in PB since 1996 when the housing prices reach rock bottom. We sold our house in North Park for a loss to get into the beach area home, having to look for over a year (who would carry $1000 / m mortgage as a rental when homes nearby were renting for $500!!!). That place sold several more times and last listed for $700k.
I remember Coronado being 50% off it’s high a the time, with La Jolla and other beach areas being depressed 30 – 40%. So hang tight something will pop up over next couple of years within reason.
ML
March 24, 2007 at 1:55 PM #48383poorgradstudentParticipantThanks for providing more evidence this market is no where near its bottom yet!
March 24, 2007 at 6:12 PM #48390ibjamesParticipantI hope so, while I have been a piggington for a while, it sometimes is hard to look at the prices and think they can drop by that much, only time will tell! I’m willing to wait!
March 24, 2007 at 9:20 PM #48397Happy renterParticipantIt’s the tansition for correction, so you have to hand on it. You will find bargin when the market turns over. One day, the flippers will be the losers and we will be the winners.
Good Luck
March 24, 2007 at 11:18 PM #48399AnonymousGuestIf you are willing to settle for a condo in PB, those will be very cheap when this housing crash settles out. I remember in 1996 when I bough my first condo in PB, the realtors could hardly give them away. Condos are in very low demand in a down market. And now they keep building and converting more condos in PB as elsewhere.
March 25, 2007 at 10:23 AM #48412SD RealtorParticipantibjames I bought a condo in Crown Point in 1991. I lived in it a long long time and when I moved out I converted it to a rental. I doubt that I will ever sell it but it is not one of those artsy upgraded types of places. I do agree with people that PB condos have a long way to go down. Don’t sweat it because it will (or is “should” happen) but don’t think it will happen in a short time.
SD Realtor
April 5, 2007 at 2:31 PM #49339AnonymousGuestLA Times 2/25/007
San Diego County by Zip Code Countywide (Median Prices, % diff Feb ’06, ave Sq foot Home price)
Homes $540 -4.4% Condos $379 -4.1% $323 sq ft
PB $836 -15.8% $480 -7.7% $537sq ft.
OB $659 -19.1% $383 -21.1% $547sq ft.
La Jolla $1,470 -15.6% $610 34.1% $724
Coronado $1,600 -50%(!!!) $1613 40.2% $901
You get the idea!
ML
-
AuthorPosts
- You must be logged in to reply to this topic.