price collapse in Chula Vista

[Eugene]

1389 Old Janal Ranch Road, 5/4, 3,534 sf, just listed for $545,000 to $615,000 ($154 to $174 / sf). That’s more sf for less dough than 1308 Silver Hawk, less than half a mile away.

[Eugene]

1389 Old Janal Ranch Road, 5/4, 3,534 sf, just listed for $545,000 to $615,000 ($154 to $174 / sf). That’s more sf for less dough than 1308 Silver Hawk, less than half a mile away.

[Jumby]

wow!! thanks for finding this!

here is the link

http://www.redfin.com/stingray/do/printable-listing?listing-id=1364831

A while back I was thinking $150 per sq ft could be the bottom for this area, but looks like I was wrong. If $85 per sq ft (give or take) is close to the bottom in Temecula (per TG), I wonder what the bottom will be in this area. $125 per sq ft? 32% cheaper?

Obviously I’m just rambling and it’s speculation, but I love to dream…

[Jumby]

wow!! thanks for finding this!

here is the link

http://www.redfin.com/stingray/do/printable-listing?listing-id=1364831

A while back I was thinking $150 per sq ft could be the bottom for this area, but looks like I was wrong. If $85 per sq ft (give or take) is close to the bottom in Temecula (per TG), I wonder what the bottom will be in this area. $125 per sq ft? 32% cheaper?

Obviously I’m just rambling and it’s speculation, but I love to dream…

[Jumby]

wow!! thanks for finding this!

here is the link

http://www.redfin.com/stingray/do/printable-listing?listing-id=1364831

A while back I was thinking $150 per sq ft could be the bottom for this area, but looks like I was wrong. If $85 per sq ft (give or take) is close to the bottom in Temecula (per TG), I wonder what the bottom will be in this area. $125 per sq ft? 32% cheaper?

Obviously I’m just rambling and it’s speculation, but I love to dream…

[Jumby]

wow!! thanks for finding this!

here is the link

http://www.redfin.com/stingray/do/printable-listing?listing-id=1364831

A while back I was thinking $150 per sq ft could be the bottom for this area, but looks like I was wrong. If $85 per sq ft (give or take) is close to the bottom in Temecula (per TG), I wonder what the bottom will be in this area. $125 per sq ft? 32% cheaper?

Obviously I’m just rambling and it’s speculation, but I love to dream…

[Jumby]

wow!! thanks for finding this!

here is the link

http://www.redfin.com/stingray/do/printable-listing?listing-id=1364831

A while back I was thinking $150 per sq ft could be the bottom for this area, but looks like I was wrong. If $85 per sq ft (give or take) is close to the bottom in Temecula (per TG), I wonder what the bottom will be in this area. $125 per sq ft? 32% cheaper?

Obviously I’m just rambling and it’s speculation, but I love to dream…

[Eugene]

I wonder what the bottom will be in this area. $125 per sq ft? 32% cheaper?

The decline will meet some resistance if and when larger houses like those two start going for 420-450k. So you can put 10% down and get a conforming loan on the rest. Imagine getting a new 3400 sf house for 2500/month fixed. Also imagine what it’ll do to resale values in older neighborhoods.

For now, though, I’d like to see the whole market come down to $150/sf. Just over one month ago, 1233 Pinehurst Rd (5/3, 3000 sf) sold for 710k. 1308 Silver Hawk was already listed for 616k.

[Eugene]

I wonder what the bottom will be in this area. $125 per sq ft? 32% cheaper?

The decline will meet some resistance if and when larger houses like those two start going for 420-450k. So you can put 10% down and get a conforming loan on the rest. Imagine getting a new 3400 sf house for 2500/month fixed. Also imagine what it’ll do to resale values in older neighborhoods.

For now, though, I’d like to see the whole market come down to $150/sf. Just over one month ago, 1233 Pinehurst Rd (5/3, 3000 sf) sold for 710k. 1308 Silver Hawk was already listed for 616k.

[Eugene]

I wonder what the bottom will be in this area. $125 per sq ft? 32% cheaper?

The decline will meet some resistance if and when larger houses like those two start going for 420-450k. So you can put 10% down and get a conforming loan on the rest. Imagine getting a new 3400 sf house for 2500/month fixed. Also imagine what it’ll do to resale values in older neighborhoods.

For now, though, I’d like to see the whole market come down to $150/sf. Just over one month ago, 1233 Pinehurst Rd (5/3, 3000 sf) sold for 710k. 1308 Silver Hawk was already listed for 616k.

[Eugene]

I wonder what the bottom will be in this area. $125 per sq ft? 32% cheaper?

The decline will meet some resistance if and when larger houses like those two start going for 420-450k. So you can put 10% down and get a conforming loan on the rest. Imagine getting a new 3400 sf house for 2500/month fixed. Also imagine what it’ll do to resale values in older neighborhoods.

For now, though, I’d like to see the whole market come down to $150/sf. Just over one month ago, 1233 Pinehurst Rd (5/3, 3000 sf) sold for 710k. 1308 Silver Hawk was already listed for 616k.

[Eugene]

I wonder what the bottom will be in this area. $125 per sq ft? 32% cheaper?

The decline will meet some resistance if and when larger houses like those two start going for 420-450k. So you can put 10% down and get a conforming loan on the rest. Imagine getting a new 3400 sf house for 2500/month fixed. Also imagine what it’ll do to resale values in older neighborhoods.

For now, though, I’d like to see the whole market come down to $150/sf. Just over one month ago, 1233 Pinehurst Rd (5/3, 3000 sf) sold for 710k. 1308 Silver Hawk was already listed for 616k.

[Jumby]

emsith, pacify me for a moment…

Give your predication on the bottom for something like this.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1354539

Keep in mind, no Mello Roos and no house behind you.

[Jumby]

emsith, pacify me for a moment…

Give your predication on the bottom for something like this.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1354539

Keep in mind, no Mello Roos and no house behind you.

[Jumby]

emsith, pacify me for a moment…

Give your predication on the bottom for something like this.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1354539

Keep in mind, no Mello Roos and no house behind you.

[Author]

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