Poway

[temeculaguy]

kobio, seriously you need to cite a little data about volume before making an assertion like that. There are like 2k total homes in RSF, La Jolla is not that big, there are condo complexes in this county with as many units as RSF has homesites, you really think that is responsible for pulling up the median? RSF doesn’t have that much turnover, somebody else can probably provide the numbers and there may be something to the theory that the high end is pulling up the median but not in those examples, the old money isn’t crumbling yet.

[SD Realtor]

dunc Poway has been particularly frustrating for my family as well. We have looked at a few areas of the county and Poway has been one of them but the areas we like havent come to where we wanted them to.

[SD Realtor]

dunc Poway has been particularly frustrating for my family as well. We have looked at a few areas of the county and Poway has been one of them but the areas we like havent come to where we wanted them to.

[SD Realtor]

dunc Poway has been particularly frustrating for my family as well. We have looked at a few areas of the county and Poway has been one of them but the areas we like havent come to where we wanted them to.

[SD Realtor]

dunc Poway has been particularly frustrating for my family as well. We have looked at a few areas of the county and Poway has been one of them but the areas we like havent come to where we wanted them to.

[SD Realtor]

dunc Poway has been particularly frustrating for my family as well. We have looked at a few areas of the county and Poway has been one of them but the areas we like havent come to where we wanted them to.

[Eugene]

[quote]As a rule of thumb, if a micromarket has great schools, it hasn’t returned to fundamentals compared to the rest of the county.[/quote]

I don’t want to talk about fundamentals, especially with regard to an area that’s such an outlier … but generally speaking, yes, micromarkets with good schools have depreciated less than comparable markets with not-so-good schools. Also, distance from prospective employment seems to matter. There are two major areas where employment is still strong, even in this economy: Sorrento Valley (including Miramar) and Camp Pendleton. Sorrento Valley pulls the 56 corridor and the coast (and some hippier areas like Hillcrest and North Park), Camp Pendleton pulls the 76 corridor and Fallbrook. The further you get from these two, the worse things are. If we expect prices to return to long-term trends, there are some good deals to be had in places like Valley Center, Bonita and Alpine.

According to this logic, north Poway is more affordable than other places with good schools, because it’s relatively in the middle of nowhere. If you compare a house that was worth 500k in 1997 in north Poway and a house worth the same amount in 1997 in Del Mar, the one in Poway is cheaper now.

[Eugene]

[quote]As a rule of thumb, if a micromarket has great schools, it hasn’t returned to fundamentals compared to the rest of the county.[/quote]

I don’t want to talk about fundamentals, especially with regard to an area that’s such an outlier … but generally speaking, yes, micromarkets with good schools have depreciated less than comparable markets with not-so-good schools. Also, distance from prospective employment seems to matter. There are two major areas where employment is still strong, even in this economy: Sorrento Valley (including Miramar) and Camp Pendleton. Sorrento Valley pulls the 56 corridor and the coast (and some hippier areas like Hillcrest and North Park), Camp Pendleton pulls the 76 corridor and Fallbrook. The further you get from these two, the worse things are. If we expect prices to return to long-term trends, there are some good deals to be had in places like Valley Center, Bonita and Alpine.

According to this logic, north Poway is more affordable than other places with good schools, because it’s relatively in the middle of nowhere. If you compare a house that was worth 500k in 1997 in north Poway and a house worth the same amount in 1997 in Del Mar, the one in Poway is cheaper now.

[Eugene]

[quote]As a rule of thumb, if a micromarket has great schools, it hasn’t returned to fundamentals compared to the rest of the county.[/quote]

I don’t want to talk about fundamentals, especially with regard to an area that’s such an outlier … but generally speaking, yes, micromarkets with good schools have depreciated less than comparable markets with not-so-good schools. Also, distance from prospective employment seems to matter. There are two major areas where employment is still strong, even in this economy: Sorrento Valley (including Miramar) and Camp Pendleton. Sorrento Valley pulls the 56 corridor and the coast (and some hippier areas like Hillcrest and North Park), Camp Pendleton pulls the 76 corridor and Fallbrook. The further you get from these two, the worse things are. If we expect prices to return to long-term trends, there are some good deals to be had in places like Valley Center, Bonita and Alpine.

According to this logic, north Poway is more affordable than other places with good schools, because it’s relatively in the middle of nowhere. If you compare a house that was worth 500k in 1997 in north Poway and a house worth the same amount in 1997 in Del Mar, the one in Poway is cheaper now.

[Eugene]

[quote]As a rule of thumb, if a micromarket has great schools, it hasn’t returned to fundamentals compared to the rest of the county.[/quote]

I don’t want to talk about fundamentals, especially with regard to an area that’s such an outlier … but generally speaking, yes, micromarkets with good schools have depreciated less than comparable markets with not-so-good schools. Also, distance from prospective employment seems to matter. There are two major areas where employment is still strong, even in this economy: Sorrento Valley (including Miramar) and Camp Pendleton. Sorrento Valley pulls the 56 corridor and the coast (and some hippier areas like Hillcrest and North Park), Camp Pendleton pulls the 76 corridor and Fallbrook. The further you get from these two, the worse things are. If we expect prices to return to long-term trends, there are some good deals to be had in places like Valley Center, Bonita and Alpine.

According to this logic, north Poway is more affordable than other places with good schools, because it’s relatively in the middle of nowhere. If you compare a house that was worth 500k in 1997 in north Poway and a house worth the same amount in 1997 in Del Mar, the one in Poway is cheaper now.

[Eugene]

[quote]As a rule of thumb, if a micromarket has great schools, it hasn’t returned to fundamentals compared to the rest of the county.[/quote]

I don’t want to talk about fundamentals, especially with regard to an area that’s such an outlier … but generally speaking, yes, micromarkets with good schools have depreciated less than comparable markets with not-so-good schools. Also, distance from prospective employment seems to matter. There are two major areas where employment is still strong, even in this economy: Sorrento Valley (including Miramar) and Camp Pendleton. Sorrento Valley pulls the 56 corridor and the coast (and some hippier areas like Hillcrest and North Park), Camp Pendleton pulls the 76 corridor and Fallbrook. The further you get from these two, the worse things are. If we expect prices to return to long-term trends, there are some good deals to be had in places like Valley Center, Bonita and Alpine.

According to this logic, north Poway is more affordable than other places with good schools, because it’s relatively in the middle of nowhere. If you compare a house that was worth 500k in 1997 in north Poway and a house worth the same amount in 1997 in Del Mar, the one in Poway is cheaper now.

[Anonymous]

I’m not clear how you consider North Poway to be in the “middle of nowhere”. I bought a 5000+ sq ft house on a bit more than an acre there for about half of what it would have cost in La Jolla or Del Mar. And I can get downtown or to the airport in 25 minutes, which is about what it took me from La Jolla. North Poway has great access to the 15, unlike the rest of Poway.

Well-priced houses move quickly around here, although you’ll see ones that are asking the old prices lingering for months.

[Anonymous]

I’m not clear how you consider North Poway to be in the “middle of nowhere”. I bought a 5000+ sq ft house on a bit more than an acre there for about half of what it would have cost in La Jolla or Del Mar. And I can get downtown or to the airport in 25 minutes, which is about what it took me from La Jolla. North Poway has great access to the 15, unlike the rest of Poway.

Well-priced houses move quickly around here, although you’ll see ones that are asking the old prices lingering for months.

[Anonymous]

I’m not clear how you consider North Poway to be in the “middle of nowhere”. I bought a 5000+ sq ft house on a bit more than an acre there for about half of what it would have cost in La Jolla or Del Mar. And I can get downtown or to the airport in 25 minutes, which is about what it took me from La Jolla. North Poway has great access to the 15, unlike the rest of Poway.

Well-priced houses move quickly around here, although you’ll see ones that are asking the old prices lingering for months.

[Anonymous]

I’m not clear how you consider North Poway to be in the “middle of nowhere”. I bought a 5000+ sq ft house on a bit more than an acre there for about half of what it would have cost in La Jolla or Del Mar. And I can get downtown or to the airport in 25 minutes, which is about what it took me from La Jolla. North Poway has great access to the 15, unlike the rest of Poway.

Well-priced houses move quickly around here, although you’ll see ones that are asking the old prices lingering for months.

[Author]

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