Point Loma reducing a little

[jpinpb]

zzz – thanks for the feedback on 92103. Really the point of posting some of these listings is more as examples of how a year ago the sellers were not budging on price and how they are now reducing. Certainly the less desirable places are the first to succomb to reductions.

AN – I understand what you’re saying now and yes, there is a greater gap today between median areas and high end areas than pre-bubble. Maybe eventually an adjustment will be seen.

[an]

[quote=pemeliza]AN, certain areas did appreciate faster since 1986 than others. Look at La Jolla for a striking example.[/quote]
I don’t doubt that there’s a possibility of certain areas appreciating faster than other over the last 25 years. But, my question is, why? What is it about those areas that changed their premium vs others?

BTW, funny that you mentioned La Jolla. That got me starting to look at La Jolla and this is what I found:

http://www.sdlookup.com/MLS-100071045-6559_Caminito_Blythefield_La_Jolla_CA_92037
Sold in 1991 for $767k, listing now for $800k.

http://www.sdlookup.com/MLS-100026686-5735_Caminito_Pulsera_La_Jolla_CA_92037
Sold in 02/12/1988 for $339,990, listing now for $879k.

http://www.sdlookup.com/MLS-100035825-1934_Caminito_El_Canario_La_Jolla_CA_92037
Sold in 10/31/1986 for $335,000, listing now for $1.05M. This one sold for (2.5x the house in MM and 92103 I was comparing it with in 1986), yet, now, it’s only ~1.5-2x more expensive than the MM and 92103 house).

[an]

[quote=pemeliza]AN, certain areas did appreciate faster since 1986 than others. Look at La Jolla for a striking example.[/quote]
I don’t doubt that there’s a possibility of certain areas appreciating faster than other over the last 25 years. But, my question is, why? What is it about those areas that changed their premium vs others?

BTW, funny that you mentioned La Jolla. That got me starting to look at La Jolla and this is what I found:

http://www.sdlookup.com/MLS-100071045-6559_Caminito_Blythefield_La_Jolla_CA_92037
Sold in 1991 for $767k, listing now for $800k.

http://www.sdlookup.com/MLS-100026686-5735_Caminito_Pulsera_La_Jolla_CA_92037
Sold in 02/12/1988 for $339,990, listing now for $879k.

http://www.sdlookup.com/MLS-100035825-1934_Caminito_El_Canario_La_Jolla_CA_92037
Sold in 10/31/1986 for $335,000, listing now for $1.05M. This one sold for (2.5x the house in MM and 92103 I was comparing it with in 1986), yet, now, it’s only ~1.5-2x more expensive than the MM and 92103 house).

[an]

[quote=pemeliza]AN, certain areas did appreciate faster since 1986 than others. Look at La Jolla for a striking example.[/quote]
I don’t doubt that there’s a possibility of certain areas appreciating faster than other over the last 25 years. But, my question is, why? What is it about those areas that changed their premium vs others?

BTW, funny that you mentioned La Jolla. That got me starting to look at La Jolla and this is what I found:

http://www.sdlookup.com/MLS-100071045-6559_Caminito_Blythefield_La_Jolla_CA_92037
Sold in 1991 for $767k, listing now for $800k.

http://www.sdlookup.com/MLS-100026686-5735_Caminito_Pulsera_La_Jolla_CA_92037
Sold in 02/12/1988 for $339,990, listing now for $879k.

http://www.sdlookup.com/MLS-100035825-1934_Caminito_El_Canario_La_Jolla_CA_92037
Sold in 10/31/1986 for $335,000, listing now for $1.05M. This one sold for (2.5x the house in MM and 92103 I was comparing it with in 1986), yet, now, it’s only ~1.5-2x more expensive than the MM and 92103 house).

[an]

[quote=pemeliza]AN, certain areas did appreciate faster since 1986 than others. Look at La Jolla for a striking example.[/quote]
I don’t doubt that there’s a possibility of certain areas appreciating faster than other over the last 25 years. But, my question is, why? What is it about those areas that changed their premium vs others?

BTW, funny that you mentioned La Jolla. That got me starting to look at La Jolla and this is what I found:

http://www.sdlookup.com/MLS-100071045-6559_Caminito_Blythefield_La_Jolla_CA_92037
Sold in 1991 for $767k, listing now for $800k.

http://www.sdlookup.com/MLS-100026686-5735_Caminito_Pulsera_La_Jolla_CA_92037
Sold in 02/12/1988 for $339,990, listing now for $879k.

http://www.sdlookup.com/MLS-100035825-1934_Caminito_El_Canario_La_Jolla_CA_92037
Sold in 10/31/1986 for $335,000, listing now for $1.05M. This one sold for (2.5x the house in MM and 92103 I was comparing it with in 1986), yet, now, it’s only ~1.5-2x more expensive than the MM and 92103 house).

[an]

[quote=pemeliza]AN, certain areas did appreciate faster since 1986 than others. Look at La Jolla for a striking example.[/quote]
I don’t doubt that there’s a possibility of certain areas appreciating faster than other over the last 25 years. But, my question is, why? What is it about those areas that changed their premium vs others?

BTW, funny that you mentioned La Jolla. That got me starting to look at La Jolla and this is what I found:

http://www.sdlookup.com/MLS-100071045-6559_Caminito_Blythefield_La_Jolla_CA_92037
Sold in 1991 for $767k, listing now for $800k.

http://www.sdlookup.com/MLS-100026686-5735_Caminito_Pulsera_La_Jolla_CA_92037
Sold in 02/12/1988 for $339,990, listing now for $879k.

http://www.sdlookup.com/MLS-100035825-1934_Caminito_El_Canario_La_Jolla_CA_92037
Sold in 10/31/1986 for $335,000, listing now for $1.05M. This one sold for (2.5x the house in MM and 92103 I was comparing it with in 1986), yet, now, it’s only ~1.5-2x more expensive than the MM and 92103 house).

[an]

[quote=jpinpb]AN – I understand what you’re saying now and yes, there is a greater gap today between median areas and high end areas than pre-bubble. Maybe eventually an adjustment will be seen.[/quote]
Based on my quick analysis in my prior post, the gap today between median areas and high end areas (LJ) is actually smaller today than in 1986. The house in 92103 you mentioned sold for about the same price as the MM house I mentioned in 1986, so there were no gap. Why is there a gap now. What’s going on in 92103 and why aren’t we seeing the gap widening in LJ as we are seeing with 92103?

[an]

[quote=jpinpb]AN – I understand what you’re saying now and yes, there is a greater gap today between median areas and high end areas than pre-bubble. Maybe eventually an adjustment will be seen.[/quote]
Based on my quick analysis in my prior post, the gap today between median areas and high end areas (LJ) is actually smaller today than in 1986. The house in 92103 you mentioned sold for about the same price as the MM house I mentioned in 1986, so there were no gap. Why is there a gap now. What’s going on in 92103 and why aren’t we seeing the gap widening in LJ as we are seeing with 92103?

[an]

[quote=jpinpb]AN – I understand what you’re saying now and yes, there is a greater gap today between median areas and high end areas than pre-bubble. Maybe eventually an adjustment will be seen.[/quote]
Based on my quick analysis in my prior post, the gap today between median areas and high end areas (LJ) is actually smaller today than in 1986. The house in 92103 you mentioned sold for about the same price as the MM house I mentioned in 1986, so there were no gap. Why is there a gap now. What’s going on in 92103 and why aren’t we seeing the gap widening in LJ as we are seeing with 92103?

[an]

[quote=jpinpb]AN – I understand what you’re saying now and yes, there is a greater gap today between median areas and high end areas than pre-bubble. Maybe eventually an adjustment will be seen.[/quote]
Based on my quick analysis in my prior post, the gap today between median areas and high end areas (LJ) is actually smaller today than in 1986. The house in 92103 you mentioned sold for about the same price as the MM house I mentioned in 1986, so there were no gap. Why is there a gap now. What’s going on in 92103 and why aren’t we seeing the gap widening in LJ as we are seeing with 92103?

[an]

[quote=jpinpb]AN – I understand what you’re saying now and yes, there is a greater gap today between median areas and high end areas than pre-bubble. Maybe eventually an adjustment will be seen.[/quote]
Based on my quick analysis in my prior post, the gap today between median areas and high end areas (LJ) is actually smaller today than in 1986. The house in 92103 you mentioned sold for about the same price as the MM house I mentioned in 1986, so there were no gap. Why is there a gap now. What’s going on in 92103 and why aren’t we seeing the gap widening in LJ as we are seeing with 92103?

[jpinpb]

AN – Interesting to see that 5735 Cmnto Pulsera originally listed for 939k and now reducing to 879k rather quickly. Two years ago these places were still getting top dollar. 5745 Caminito Pulsera sold on 5/22/2008 for $905,000.

That’s close to peak prices because 5705 Caminito Pulsera sold on 12/2/2004 for $1,100,000 and 5765 Caminito Pulsera on 10/13/2005 sold for $930,000.

I guess seeing a reduction to 879k is a start.

[jpinpb]

AN – Interesting to see that 5735 Cmnto Pulsera originally listed for 939k and now reducing to 879k rather quickly. Two years ago these places were still getting top dollar. 5745 Caminito Pulsera sold on 5/22/2008 for $905,000.

That’s close to peak prices because 5705 Caminito Pulsera sold on 12/2/2004 for $1,100,000 and 5765 Caminito Pulsera on 10/13/2005 sold for $930,000.

I guess seeing a reduction to 879k is a start.

[jpinpb]

AN – Interesting to see that 5735 Cmnto Pulsera originally listed for 939k and now reducing to 879k rather quickly. Two years ago these places were still getting top dollar. 5745 Caminito Pulsera sold on 5/22/2008 for $905,000.

That’s close to peak prices because 5705 Caminito Pulsera sold on 12/2/2004 for $1,100,000 and 5765 Caminito Pulsera on 10/13/2005 sold for $930,000.

I guess seeing a reduction to 879k is a start.

[jpinpb]

AN – Interesting to see that 5735 Cmnto Pulsera originally listed for 939k and now reducing to 879k rather quickly. Two years ago these places were still getting top dollar. 5745 Caminito Pulsera sold on 5/22/2008 for $905,000.

That’s close to peak prices because 5705 Caminito Pulsera sold on 12/2/2004 for $1,100,000 and 5765 Caminito Pulsera on 10/13/2005 sold for $930,000.

I guess seeing a reduction to 879k is a start.

[Author]

Posts