Point Loma reducing a little

[sdduuuude]

deleted

[OnPoint]

Lotsa listings in PL on market for long time, delisted, relisted to reset the days on market. Some don’t even bother. Search 92106/7 then sort descending by days on market (I use redfin a lot). Plenty of inventory on the market for hundreds of days. Hundreds! If a house is “on the market” for over 400 days, is it really in fact, on the market?

I just want to say to these people, Dude, your house has been on the market for 437 days, perhaps your price is too high? Do you not understand basic market principles? May I shake you by the shoulders? Damn it man, give it to me for $1! 🙂

I love Point Loma, but it’s rare to walk into a house for sale and think ‘oh yeah, this is it!’ Lots of old crampy houses, bad remodels, converted garages, ‘what were they thinking?’ type of kluge (a bathroom in the kitchen, a walkthrough bedroom, seriously?). My point being that all these things that get glossed over in a boom market, become glaring deal killers in a down market.

San Antonio is an interesting comp. Primo street. But the house is a cave. And Perry is a shack. I wonder if they’ll do a big rebuild, which will kill the view of the place behind it, which is still for sale. And while La Playa is dreamy in general, they still have the Navy gas tank issue hanging out there. A negative high profile story on that could be a swift kick in the equity, at any time.

Sigh… before the boom, I was happy just to have a roof over my head. Now I’m so picky picky picky.

[OnPoint]

Lotsa listings in PL on market for long time, delisted, relisted to reset the days on market. Some don’t even bother. Search 92106/7 then sort descending by days on market (I use redfin a lot). Plenty of inventory on the market for hundreds of days. Hundreds! If a house is “on the market” for over 400 days, is it really in fact, on the market?

I just want to say to these people, Dude, your house has been on the market for 437 days, perhaps your price is too high? Do you not understand basic market principles? May I shake you by the shoulders? Damn it man, give it to me for $1! 🙂

I love Point Loma, but it’s rare to walk into a house for sale and think ‘oh yeah, this is it!’ Lots of old crampy houses, bad remodels, converted garages, ‘what were they thinking?’ type of kluge (a bathroom in the kitchen, a walkthrough bedroom, seriously?). My point being that all these things that get glossed over in a boom market, become glaring deal killers in a down market.

San Antonio is an interesting comp. Primo street. But the house is a cave. And Perry is a shack. I wonder if they’ll do a big rebuild, which will kill the view of the place behind it, which is still for sale. And while La Playa is dreamy in general, they still have the Navy gas tank issue hanging out there. A negative high profile story on that could be a swift kick in the equity, at any time.

Sigh… before the boom, I was happy just to have a roof over my head. Now I’m so picky picky picky.

[OnPoint]

Lotsa listings in PL on market for long time, delisted, relisted to reset the days on market. Some don’t even bother. Search 92106/7 then sort descending by days on market (I use redfin a lot). Plenty of inventory on the market for hundreds of days. Hundreds! If a house is “on the market” for over 400 days, is it really in fact, on the market?

I just want to say to these people, Dude, your house has been on the market for 437 days, perhaps your price is too high? Do you not understand basic market principles? May I shake you by the shoulders? Damn it man, give it to me for $1! 🙂

I love Point Loma, but it’s rare to walk into a house for sale and think ‘oh yeah, this is it!’ Lots of old crampy houses, bad remodels, converted garages, ‘what were they thinking?’ type of kluge (a bathroom in the kitchen, a walkthrough bedroom, seriously?). My point being that all these things that get glossed over in a boom market, become glaring deal killers in a down market.

San Antonio is an interesting comp. Primo street. But the house is a cave. And Perry is a shack. I wonder if they’ll do a big rebuild, which will kill the view of the place behind it, which is still for sale. And while La Playa is dreamy in general, they still have the Navy gas tank issue hanging out there. A negative high profile story on that could be a swift kick in the equity, at any time.

Sigh… before the boom, I was happy just to have a roof over my head. Now I’m so picky picky picky.

[OnPoint]

Lotsa listings in PL on market for long time, delisted, relisted to reset the days on market. Some don’t even bother. Search 92106/7 then sort descending by days on market (I use redfin a lot). Plenty of inventory on the market for hundreds of days. Hundreds! If a house is “on the market” for over 400 days, is it really in fact, on the market?

I just want to say to these people, Dude, your house has been on the market for 437 days, perhaps your price is too high? Do you not understand basic market principles? May I shake you by the shoulders? Damn it man, give it to me for $1! 🙂

I love Point Loma, but it’s rare to walk into a house for sale and think ‘oh yeah, this is it!’ Lots of old crampy houses, bad remodels, converted garages, ‘what were they thinking?’ type of kluge (a bathroom in the kitchen, a walkthrough bedroom, seriously?). My point being that all these things that get glossed over in a boom market, become glaring deal killers in a down market.

San Antonio is an interesting comp. Primo street. But the house is a cave. And Perry is a shack. I wonder if they’ll do a big rebuild, which will kill the view of the place behind it, which is still for sale. And while La Playa is dreamy in general, they still have the Navy gas tank issue hanging out there. A negative high profile story on that could be a swift kick in the equity, at any time.

Sigh… before the boom, I was happy just to have a roof over my head. Now I’m so picky picky picky.

[OnPoint]

Lotsa listings in PL on market for long time, delisted, relisted to reset the days on market. Some don’t even bother. Search 92106/7 then sort descending by days on market (I use redfin a lot). Plenty of inventory on the market for hundreds of days. Hundreds! If a house is “on the market” for over 400 days, is it really in fact, on the market?

I just want to say to these people, Dude, your house has been on the market for 437 days, perhaps your price is too high? Do you not understand basic market principles? May I shake you by the shoulders? Damn it man, give it to me for $1! 🙂

I love Point Loma, but it’s rare to walk into a house for sale and think ‘oh yeah, this is it!’ Lots of old crampy houses, bad remodels, converted garages, ‘what were they thinking?’ type of kluge (a bathroom in the kitchen, a walkthrough bedroom, seriously?). My point being that all these things that get glossed over in a boom market, become glaring deal killers in a down market.

San Antonio is an interesting comp. Primo street. But the house is a cave. And Perry is a shack. I wonder if they’ll do a big rebuild, which will kill the view of the place behind it, which is still for sale. And while La Playa is dreamy in general, they still have the Navy gas tank issue hanging out there. A negative high profile story on that could be a swift kick in the equity, at any time.

Sigh… before the boom, I was happy just to have a roof over my head. Now I’m so picky picky picky.

[CA renter]

[quote=jpinpb]Well, last year there were people saying that the good areas can hold out and won’t see much if any declines. I’m seeing it, not just in 92106, but other ZIPs as well. These are just a few recent listings that caught my eye. I’ve even seen some listings 30+% off peak in 92103.

Since I didn’t see these kind of declines last year, I’m suspecting they are starting in the high end and it wouldn’t surprise me if they continue. Sooner or later people run out of wherewithal and I would not assume the bubble was just in the mid-range pricing. I imagine there were a few that got lured into buying during the bubble in the high end.

Regardless of the type of property or condition or view or not, a year or two ago, there were no reductions and sellers had their heels in the ground. Seems a little different out there right now. Unless things really improve in our economy, I can’t imagine we wouldn’t see some more declines.[/quote]

It certainly seems like the high-end is starting to feel the effects of the downturn, irrespective of all the price supports put in place by the PTB. We’re seeing this in the areas we track, as well.

[CA renter]

[quote=jpinpb]Well, last year there were people saying that the good areas can hold out and won’t see much if any declines. I’m seeing it, not just in 92106, but other ZIPs as well. These are just a few recent listings that caught my eye. I’ve even seen some listings 30+% off peak in 92103.

Since I didn’t see these kind of declines last year, I’m suspecting they are starting in the high end and it wouldn’t surprise me if they continue. Sooner or later people run out of wherewithal and I would not assume the bubble was just in the mid-range pricing. I imagine there were a few that got lured into buying during the bubble in the high end.

Regardless of the type of property or condition or view or not, a year or two ago, there were no reductions and sellers had their heels in the ground. Seems a little different out there right now. Unless things really improve in our economy, I can’t imagine we wouldn’t see some more declines.[/quote]

It certainly seems like the high-end is starting to feel the effects of the downturn, irrespective of all the price supports put in place by the PTB. We’re seeing this in the areas we track, as well.

[CA renter]

[quote=jpinpb]Well, last year there were people saying that the good areas can hold out and won’t see much if any declines. I’m seeing it, not just in 92106, but other ZIPs as well. These are just a few recent listings that caught my eye. I’ve even seen some listings 30+% off peak in 92103.

Since I didn’t see these kind of declines last year, I’m suspecting they are starting in the high end and it wouldn’t surprise me if they continue. Sooner or later people run out of wherewithal and I would not assume the bubble was just in the mid-range pricing. I imagine there were a few that got lured into buying during the bubble in the high end.

Regardless of the type of property or condition or view or not, a year or two ago, there were no reductions and sellers had their heels in the ground. Seems a little different out there right now. Unless things really improve in our economy, I can’t imagine we wouldn’t see some more declines.[/quote]

It certainly seems like the high-end is starting to feel the effects of the downturn, irrespective of all the price supports put in place by the PTB. We’re seeing this in the areas we track, as well.

[CA renter]

[quote=jpinpb]Well, last year there were people saying that the good areas can hold out and won’t see much if any declines. I’m seeing it, not just in 92106, but other ZIPs as well. These are just a few recent listings that caught my eye. I’ve even seen some listings 30+% off peak in 92103.

Since I didn’t see these kind of declines last year, I’m suspecting they are starting in the high end and it wouldn’t surprise me if they continue. Sooner or later people run out of wherewithal and I would not assume the bubble was just in the mid-range pricing. I imagine there were a few that got lured into buying during the bubble in the high end.

Regardless of the type of property or condition or view or not, a year or two ago, there were no reductions and sellers had their heels in the ground. Seems a little different out there right now. Unless things really improve in our economy, I can’t imagine we wouldn’t see some more declines.[/quote]

It certainly seems like the high-end is starting to feel the effects of the downturn, irrespective of all the price supports put in place by the PTB. We’re seeing this in the areas we track, as well.

[CA renter]

[quote=jpinpb]Well, last year there were people saying that the good areas can hold out and won’t see much if any declines. I’m seeing it, not just in 92106, but other ZIPs as well. These are just a few recent listings that caught my eye. I’ve even seen some listings 30+% off peak in 92103.

Since I didn’t see these kind of declines last year, I’m suspecting they are starting in the high end and it wouldn’t surprise me if they continue. Sooner or later people run out of wherewithal and I would not assume the bubble was just in the mid-range pricing. I imagine there were a few that got lured into buying during the bubble in the high end.

Regardless of the type of property or condition or view or not, a year or two ago, there were no reductions and sellers had their heels in the ground. Seems a little different out there right now. Unless things really improve in our economy, I can’t imagine we wouldn’t see some more declines.[/quote]

It certainly seems like the high-end is starting to feel the effects of the downturn, irrespective of all the price supports put in place by the PTB. We’re seeing this in the areas we track, as well.

[pemeliza]

I am of the opinion that we will see plenty of sales at 2000-2001 prices in all areas of San Diego. The real question is how many prime properties will sell for those prices and will they sell in a fair and open market transaction where every willing and able buyer has a chance to bid.

[pemeliza]

I am of the opinion that we will see plenty of sales at 2000-2001 prices in all areas of San Diego. The real question is how many prime properties will sell for those prices and will they sell in a fair and open market transaction where every willing and able buyer has a chance to bid.

[pemeliza]

I am of the opinion that we will see plenty of sales at 2000-2001 prices in all areas of San Diego. The real question is how many prime properties will sell for those prices and will they sell in a fair and open market transaction where every willing and able buyer has a chance to bid.

[pemeliza]

I am of the opinion that we will see plenty of sales at 2000-2001 prices in all areas of San Diego. The real question is how many prime properties will sell for those prices and will they sell in a fair and open market transaction where every willing and able buyer has a chance to bid.

[Author]

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