price collapse in Chula Vista

[Eugene]

I 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.

[Eugene]

I 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.

[Eugene]

I 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.

[Eugene]

1308 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.

[Eugene]

1308 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.

[Eugene]

1308 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.

[Eugene]

1308 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.

[Eugene]

1308 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.

[davelj]

I’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.

[davelj]

I’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.

[davelj]

I’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.

[davelj]

I’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.

[davelj]

I’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.

[Eugene]

Two 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=69020817

2936 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.

[Eugene]

Two 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=69020817

2936 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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