Pain in La Jolla

[Anonymous]

I don’t think you can really include UTC as La Jolla. They are separate communities.

[jpinpb]

Thanks XB. I appreciate the post. I agree w/ awomba. Can’t count UTC as LJ. Many condos in UTC are going bank-owned, Lucera, for example, and prices are in nice declines. LJ has some declines, but when in the million dollar range, hasn’t been anything I’ve watched or paid much attention to, since they’re not properties of interest to me, but nice to see they are affected some. I’ve noticed that places in the 650-800k range have not had any major price changes and prices/sales have continued.

I have to confess that the price decline in PB has been slow. I remember a fixer house selling for 450k in 2000. At almost peak in 2004/2005 it sold for 750k. I haven’t seen any changes in prices from that. That seems to be the general going price for POS places in PB.

There was one on Sapphire zoned multi that listed for 525k bank-owned that raised their price very quickly thereafter b/c of all the offers to 650k. I heard it ended up selling, I think, for 715k.

I try to just tell myself it will take a while for it to hit the coast. Sales have been brisk this spring and places w/ridiculous price tags are still getting sold.

If you find any good ones w/declines, please post. It will be encouraging.

[jpinpb]

Thanks XB. I appreciate the post. I agree w/ awomba. Can’t count UTC as LJ. Many condos in UTC are going bank-owned, Lucera, for example, and prices are in nice declines. LJ has some declines, but when in the million dollar range, hasn’t been anything I’ve watched or paid much attention to, since they’re not properties of interest to me, but nice to see they are affected some. I’ve noticed that places in the 650-800k range have not had any major price changes and prices/sales have continued.

I have to confess that the price decline in PB has been slow. I remember a fixer house selling for 450k in 2000. At almost peak in 2004/2005 it sold for 750k. I haven’t seen any changes in prices from that. That seems to be the general going price for POS places in PB.

There was one on Sapphire zoned multi that listed for 525k bank-owned that raised their price very quickly thereafter b/c of all the offers to 650k. I heard it ended up selling, I think, for 715k.

I try to just tell myself it will take a while for it to hit the coast. Sales have been brisk this spring and places w/ridiculous price tags are still getting sold.

If you find any good ones w/declines, please post. It will be encouraging.

[jpinpb]

Thanks XB. I appreciate the post. I agree w/ awomba. Can’t count UTC as LJ. Many condos in UTC are going bank-owned, Lucera, for example, and prices are in nice declines. LJ has some declines, but when in the million dollar range, hasn’t been anything I’ve watched or paid much attention to, since they’re not properties of interest to me, but nice to see they are affected some. I’ve noticed that places in the 650-800k range have not had any major price changes and prices/sales have continued.

I have to confess that the price decline in PB has been slow. I remember a fixer house selling for 450k in 2000. At almost peak in 2004/2005 it sold for 750k. I haven’t seen any changes in prices from that. That seems to be the general going price for POS places in PB.

There was one on Sapphire zoned multi that listed for 525k bank-owned that raised their price very quickly thereafter b/c of all the offers to 650k. I heard it ended up selling, I think, for 715k.

I try to just tell myself it will take a while for it to hit the coast. Sales have been brisk this spring and places w/ridiculous price tags are still getting sold.

If you find any good ones w/declines, please post. It will be encouraging.

[jpinpb]

Thanks XB. I appreciate the post. I agree w/ awomba. Can’t count UTC as LJ. Many condos in UTC are going bank-owned, Lucera, for example, and prices are in nice declines. LJ has some declines, but when in the million dollar range, hasn’t been anything I’ve watched or paid much attention to, since they’re not properties of interest to me, but nice to see they are affected some. I’ve noticed that places in the 650-800k range have not had any major price changes and prices/sales have continued.

I have to confess that the price decline in PB has been slow. I remember a fixer house selling for 450k in 2000. At almost peak in 2004/2005 it sold for 750k. I haven’t seen any changes in prices from that. That seems to be the general going price for POS places in PB.

There was one on Sapphire zoned multi that listed for 525k bank-owned that raised their price very quickly thereafter b/c of all the offers to 650k. I heard it ended up selling, I think, for 715k.

I try to just tell myself it will take a while for it to hit the coast. Sales have been brisk this spring and places w/ridiculous price tags are still getting sold.

If you find any good ones w/declines, please post. It will be encouraging.

[jpinpb]

Thanks XB. I appreciate the post. I agree w/ awomba. Can’t count UTC as LJ. Many condos in UTC are going bank-owned, Lucera, for example, and prices are in nice declines. LJ has some declines, but when in the million dollar range, hasn’t been anything I’ve watched or paid much attention to, since they’re not properties of interest to me, but nice to see they are affected some. I’ve noticed that places in the 650-800k range have not had any major price changes and prices/sales have continued.

I have to confess that the price decline in PB has been slow. I remember a fixer house selling for 450k in 2000. At almost peak in 2004/2005 it sold for 750k. I haven’t seen any changes in prices from that. That seems to be the general going price for POS places in PB.

There was one on Sapphire zoned multi that listed for 525k bank-owned that raised their price very quickly thereafter b/c of all the offers to 650k. I heard it ended up selling, I think, for 715k.

I try to just tell myself it will take a while for it to hit the coast. Sales have been brisk this spring and places w/ridiculous price tags are still getting sold.

If you find any good ones w/declines, please post. It will be encouraging.

[La Jolla Renter]

I might be too bias but I think La Jolla and PB are going to start loosening up real quick. I hear, feel, see no spring bounce.

xboxboy, speaking of Seahaus, I sure would hate to be a flipper there. How long can you sit on a 3k per month negative cashflow 800k condo with no view? O U C H!!!

[La Jolla Renter]

I might be too bias but I think La Jolla and PB are going to start loosening up real quick. I hear, feel, see no spring bounce.

xboxboy, speaking of Seahaus, I sure would hate to be a flipper there. How long can you sit on a 3k per month negative cashflow 800k condo with no view? O U C H!!!

[La Jolla Renter]

I might be too bias but I think La Jolla and PB are going to start loosening up real quick. I hear, feel, see no spring bounce.

xboxboy, speaking of Seahaus, I sure would hate to be a flipper there. How long can you sit on a 3k per month negative cashflow 800k condo with no view? O U C H!!!

[La Jolla Renter]

I might be too bias but I think La Jolla and PB are going to start loosening up real quick. I hear, feel, see no spring bounce.

xboxboy, speaking of Seahaus, I sure would hate to be a flipper there. How long can you sit on a 3k per month negative cashflow 800k condo with no view? O U C H!!!

[La Jolla Renter]

I might be too bias but I think La Jolla and PB are going to start loosening up real quick. I hear, feel, see no spring bounce.

xboxboy, speaking of Seahaus, I sure would hate to be a flipper there. How long can you sit on a 3k per month negative cashflow 800k condo with no view? O U C H!!!

[gromit]

Jasper,

I know those townhomes you’re talking about; they are all over PB. I noticed this listing for one of the attached townhomes– 3 bed/ 3.5 bath at $550k– the lowest I’ve seen for these. Well, of course I mean the lowest I’ve seen for a long time. I’m kind of curious to find out what happens with this one (if it’s still active; it’s been around for awhile).

http://sdhomesearch.signonsandiego.com/sales_details/2074-086022602

I feel the same way about how sticky those prices have been. Kind of hard to believe.

[gromit]

Jasper,

I know those townhomes you’re talking about; they are all over PB. I noticed this listing for one of the attached townhomes– 3 bed/ 3.5 bath at $550k– the lowest I’ve seen for these. Well, of course I mean the lowest I’ve seen for a long time. I’m kind of curious to find out what happens with this one (if it’s still active; it’s been around for awhile).

http://sdhomesearch.signonsandiego.com/sales_details/2074-086022602

I feel the same way about how sticky those prices have been. Kind of hard to believe.

[gromit]

Jasper,

I know those townhomes you’re talking about; they are all over PB. I noticed this listing for one of the attached townhomes– 3 bed/ 3.5 bath at $550k– the lowest I’ve seen for these. Well, of course I mean the lowest I’ve seen for a long time. I’m kind of curious to find out what happens with this one (if it’s still active; it’s been around for awhile).

http://sdhomesearch.signonsandiego.com/sales_details/2074-086022602

I feel the same way about how sticky those prices have been. Kind of hard to believe.

[gromit]

Jasper,

I know those townhomes you’re talking about; they are all over PB. I noticed this listing for one of the attached townhomes– 3 bed/ 3.5 bath at $550k– the lowest I’ve seen for these. Well, of course I mean the lowest I’ve seen for a long time. I’m kind of curious to find out what happens with this one (if it’s still active; it’s been around for awhile).

http://sdhomesearch.signonsandiego.com/sales_details/2074-086022602

I feel the same way about how sticky those prices have been. Kind of hard to believe.

[Author]

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