price collapse in Chula Vista

[joebaduba]

pun is… California once was a part of Mexico. I’ll leave it at that.

I live in the “older but nicer” part of Chula Vista west of 805, but it slips as every year goes by.

Sure, this house is in a nicer part of eastern CV, but unless it is really some impressive spread, which this is not, I can’t believe homes went for 7 figures anywhere down here.

[joebaduba]

pun is… California once was a part of Mexico. I’ll leave it at that.

I live in the “older but nicer” part of Chula Vista west of 805, but it slips as every year goes by.

Sure, this house is in a nicer part of eastern CV, but unless it is really some impressive spread, which this is not, I can’t believe homes went for 7 figures anywhere down here.

[Eugene]

Reduced to 579,900 :-O

And it looks like he has some competition:

http://www.redfin.com/stingray/do/printable-listing?listing-id=993872

Will one of them have the honor of being the first Eastlake/Otay Ranch McMansion to break $150/sf barrier, or will some knife catcher (or two) jump in and stop the race to the bottom?

Or maybe it’ll be this one?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1168142

Not quite a McMansion (measly 2107 sf) but very aggressively priced and it’s a REO so we know that the price is “real”.
At $351,500, it’s very close to breaking another important barrier – the first house to sell for 50% off the peak…

[Eugene]

Reduced to 579,900 :-O

And it looks like he has some competition:

http://www.redfin.com/stingray/do/printable-listing?listing-id=993872

Will one of them have the honor of being the first Eastlake/Otay Ranch McMansion to break $150/sf barrier, or will some knife catcher (or two) jump in and stop the race to the bottom?

Or maybe it’ll be this one?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1168142

Not quite a McMansion (measly 2107 sf) but very aggressively priced and it’s a REO so we know that the price is “real”.
At $351,500, it’s very close to breaking another important barrier – the first house to sell for 50% off the peak…

[Eugene]

Reduced to 579,900 :-O

And it looks like he has some competition:

http://www.redfin.com/stingray/do/printable-listing?listing-id=993872

Will one of them have the honor of being the first Eastlake/Otay Ranch McMansion to break $150/sf barrier, or will some knife catcher (or two) jump in and stop the race to the bottom?

Or maybe it’ll be this one?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1168142

Not quite a McMansion (measly 2107 sf) but very aggressively priced and it’s a REO so we know that the price is “real”.
At $351,500, it’s very close to breaking another important barrier – the first house to sell for 50% off the peak…

[Eugene]

Reduced to 579,900 :-O

And it looks like he has some competition:

http://www.redfin.com/stingray/do/printable-listing?listing-id=993872

Will one of them have the honor of being the first Eastlake/Otay Ranch McMansion to break $150/sf barrier, or will some knife catcher (or two) jump in and stop the race to the bottom?

Or maybe it’ll be this one?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1168142

Not quite a McMansion (measly 2107 sf) but very aggressively priced and it’s a REO so we know that the price is “real”.
At $351,500, it’s very close to breaking another important barrier – the first house to sell for 50% off the peak…

[Eugene]

Reduced to 579,900 :-O

And it looks like he has some competition:

http://www.redfin.com/stingray/do/printable-listing?listing-id=993872

Will one of them have the honor of being the first Eastlake/Otay Ranch McMansion to break $150/sf barrier, or will some knife catcher (or two) jump in and stop the race to the bottom?

Or maybe it’ll be this one?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1168142

Not quite a McMansion (measly 2107 sf) but very aggressively priced and it’s a REO so we know that the price is “real”.
At $351,500, it’s very close to breaking another important barrier – the first house to sell for 50% off the peak…

[Jumby]

Thanks for posting this esmith!

[Jumby]

Thanks for posting this esmith!

[Jumby]

Thanks for posting this esmith!

[Jumby]

Thanks for posting this esmith!

[Jumby]

Thanks for posting this esmith!

[meadandale]

I notice that they had the money for a massive (looks to be 65-70″) flatscreen and what looks to be some nice furniture. Apparently the house payment was an afterthought.

[meadandale]

I notice that they had the money for a massive (looks to be 65-70″) flatscreen and what looks to be some nice furniture. Apparently the house payment was an afterthought.

[meadandale]

I notice that they had the money for a massive (looks to be 65-70″) flatscreen and what looks to be some nice furniture. Apparently the house payment was an afterthought.

[Author]

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