Home › Forums › Closed Forums › Properties or Areas › price collapse in Chula Vista
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June 19, 2008 at 2:17 PM #225630June 19, 2008 at 2:17 PM #225661EugeneParticipant
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=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 #225677EugeneParticipantTwo 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 2:54 PM #225521patientlywaitingParticipantesmith, if i remember well, in the beginning, you didn’t really think that prices would go 1/2 off.
Chula Vista now, Encinitas, Carmel Valley and 4S later.
June 19, 2008 at 2:54 PM #225629patientlywaitingParticipantesmith, if i remember well, in the beginning, you didn’t really think that prices would go 1/2 off.
Chula Vista now, Encinitas, Carmel Valley and 4S later.
June 19, 2008 at 2:54 PM #225644patientlywaitingParticipantesmith, if i remember well, in the beginning, you didn’t really think that prices would go 1/2 off.
Chula Vista now, Encinitas, Carmel Valley and 4S later.
June 19, 2008 at 2:54 PM #225676patientlywaitingParticipantesmith, if i remember well, in the beginning, you didn’t really think that prices would go 1/2 off.
Chula Vista now, Encinitas, Carmel Valley and 4S later.
June 19, 2008 at 2:54 PM #225691patientlywaitingParticipantesmith, if i remember well, in the beginning, you didn’t really think that prices would go 1/2 off.
Chula Vista now, Encinitas, Carmel Valley and 4S later.
June 19, 2008 at 3:30 PM #225558sdrealtorParticipantIf my house ever goes down by 50% from its peak price I will eat it one board at a time.
June 19, 2008 at 3:30 PM #225664sdrealtorParticipantIf my house ever goes down by 50% from its peak price I will eat it one board at a time.
June 19, 2008 at 3:30 PM #225680sdrealtorParticipantIf my house ever goes down by 50% from its peak price I will eat it one board at a time.
June 19, 2008 at 3:30 PM #225709sdrealtorParticipantIf my house ever goes down by 50% from its peak price I will eat it one board at a time.
June 19, 2008 at 3:30 PM #225727sdrealtorParticipantIf my house ever goes down by 50% from its peak price I will eat it one board at a time.
June 19, 2008 at 3:45 PM #225568EugeneParticipantIf my house ever goes down by 50% from its peak price I will eat it one board at a time.
In Encinitas, correct?
What’s the peak price, and what was it worth in early ’02 (per zillow or whatever)?
June 19, 2008 at 3:45 PM #225674EugeneParticipantIf my house ever goes down by 50% from its peak price I will eat it one board at a time.
In Encinitas, correct?
What’s the peak price, and what was it worth in early ’02 (per zillow or whatever)?
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