Home › Forums › Closed Forums › Properties or Areas › price collapse in Chula Vista
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sdrealtor.
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March 12, 2008 at 12:15 PM #168382March 12, 2008 at 12:15 PM #168408
Eugene
ParticipantI predict homes will soon be free in Chula Vista. If there is an overcorrection, free houses will come with cash “signing bonuses” for the prospective buyers.
You do need to pay for FastTrack to get in and out of Chula Vista. Perhaps you could negotiate with the seller that you live in his house for free and he pays for your commute.
March 12, 2008 at 12:15 PM #168480Eugene
ParticipantI predict homes will soon be free in Chula Vista. If there is an overcorrection, free houses will come with cash “signing bonuses” for the prospective buyers.
You do need to pay for FastTrack to get in and out of Chula Vista. Perhaps you could negotiate with the seller that you live in his house for free and he pays for your commute.
April 10, 2008 at 12:21 PM #184424Eugene
Participant1308 Silver Hawk closed at 580k. Two more neighbors closed during the last month at 550k and 579.9k. The remaining houses on the street now have a solid but rather unpleasant set of comps.
April 10, 2008 at 12:21 PM #184440Eugene
Participant1308 Silver Hawk closed at 580k. Two more neighbors closed during the last month at 550k and 579.9k. The remaining houses on the street now have a solid but rather unpleasant set of comps.
April 10, 2008 at 12:21 PM #184468Eugene
Participant1308 Silver Hawk closed at 580k. Two more neighbors closed during the last month at 550k and 579.9k. The remaining houses on the street now have a solid but rather unpleasant set of comps.
April 10, 2008 at 12:21 PM #184476Eugene
Participant1308 Silver Hawk closed at 580k. Two more neighbors closed during the last month at 550k and 579.9k. The remaining houses on the street now have a solid but rather unpleasant set of comps.
April 10, 2008 at 12:21 PM #184479Eugene
Participant1308 Silver Hawk closed at 580k. Two more neighbors closed during the last month at 550k and 579.9k. The remaining houses on the street now have a solid but rather unpleasant set of comps.
April 15, 2008 at 11:53 AM #187584davelj
ParticipantI’m looking for a condo down in Imperial Beach (don’t ask) and the prices there have just been crushed. There are 3bed/2bath condos that would rent for $1300-$1400/mo. selling for $170K-$190K in foreclosure. These are selling at about 55% of their peak value back in ’05. Don’t get me wrong, they’ll surely head lower over the next year… but at least progress is being made.
April 15, 2008 at 11:53 AM #187606davelj
ParticipantI’m looking for a condo down in Imperial Beach (don’t ask) and the prices there have just been crushed. There are 3bed/2bath condos that would rent for $1300-$1400/mo. selling for $170K-$190K in foreclosure. These are selling at about 55% of their peak value back in ’05. Don’t get me wrong, they’ll surely head lower over the next year… but at least progress is being made.
April 15, 2008 at 11:53 AM #187633davelj
ParticipantI’m looking for a condo down in Imperial Beach (don’t ask) and the prices there have just been crushed. There are 3bed/2bath condos that would rent for $1300-$1400/mo. selling for $170K-$190K in foreclosure. These are selling at about 55% of their peak value back in ’05. Don’t get me wrong, they’ll surely head lower over the next year… but at least progress is being made.
April 15, 2008 at 11:53 AM #187644davelj
ParticipantI’m looking for a condo down in Imperial Beach (don’t ask) and the prices there have just been crushed. There are 3bed/2bath condos that would rent for $1300-$1400/mo. selling for $170K-$190K in foreclosure. These are selling at about 55% of their peak value back in ’05. Don’t get me wrong, they’ll surely head lower over the next year… but at least progress is being made.
April 15, 2008 at 11:53 AM #187652davelj
ParticipantI’m looking for a condo down in Imperial Beach (don’t ask) and the prices there have just been crushed. There are 3bed/2bath condos that would rent for $1300-$1400/mo. selling for $170K-$190K in foreclosure. These are selling at about 55% of their peak value back in ’05. Don’t get me wrong, they’ll surely head lower over the next year… but at least progress is being made.
June 19, 2008 at 2:17 PM #225506Eugene
ParticipantTwo years after being sold out, Castillian is crashing so bad that Zillow can’t believe those resale prices.
2909 Winding Fence: original sale in Apr ’06 for 1286k; sold in April for 805k:
http://www.sdlookup.com/MLS-076093927-2909_Winding_Fence_Way_Chula_Vista_CA_91914
http://www.zillow.com/HomeDetails.htm?zprop=690208172936 Winding Fence: original sale in Mar ’06 for 1366k; sold in May for 800k
And a new contender in the race towards the bottom:
2937 Babbling Brook: REO sold in Sep ’06 for amazing 1418k, could be yours for just 740k. 5 bedrooms, 4219 sf. At least a quarter acre lot.
Remember, there’s no mello-roos, you only pay for tolls and gas to get to/from Eastlake.
If you miss this one, don’t worry, there’s a lot more where it came from. Just on Babbling Brook there are over 20 houses whose original owners paid a median of 1200k two years ago. Five owners are in default and one house is bank-owned.
Personally, I wouldn’t want to be the first guy on the street who bought at 50% off, they might start throwing eggs and rotten tomatoes into my car. I’d wait till half of the original neighborhood is gone. I just hope none of those poor buggers put their life savings down.
June 19, 2008 at 2:17 PM #225614Eugene
ParticipantTwo years after being sold out, Castillian is crashing so bad that Zillow can’t believe those resale prices.
2909 Winding Fence: original sale in Apr ’06 for 1286k; sold in April for 805k:
http://www.sdlookup.com/MLS-076093927-2909_Winding_Fence_Way_Chula_Vista_CA_91914
http://www.zillow.com/HomeDetails.htm?zprop=690208172936 Winding Fence: original sale in Mar ’06 for 1366k; sold in May for 800k
And a new contender in the race towards the bottom:
2937 Babbling Brook: REO sold in Sep ’06 for amazing 1418k, could be yours for just 740k. 5 bedrooms, 4219 sf. At least a quarter acre lot.
Remember, there’s no mello-roos, you only pay for tolls and gas to get to/from Eastlake.
If you miss this one, don’t worry, there’s a lot more where it came from. Just on Babbling Brook there are over 20 houses whose original owners paid a median of 1200k two years ago. Five owners are in default and one house is bank-owned.
Personally, I wouldn’t want to be the first guy on the street who bought at 50% off, they might start throwing eggs and rotten tomatoes into my car. I’d wait till half of the original neighborhood is gone. I just hope none of those poor buggers put their life savings down.
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