Question for Realtors on Carmel Valley Price Decline

[admin]

Hello Realtors, can I ask a favor?

A friend and I are betting on opposite sides of this market. He bought; I sold and rented. I’m curious how he is doing. I don’t wanna ask him how the housing values are doing in his area. I think that would piss him off! But I’m curious.

He bought in Carmel Valley. On similar homes recently sold within a few blocks of where he bought, how much have the prices dropped since 04/2005 when my friend purchased?

I should mention that when he bought, the interior of the place was in rough shape. I think they put at least 50k into rennovation, maybe more.

3935 Del Mar Glen
San Diego, CA 92130

Parcel Number: 307 142 10 00
Property Location: 03935 DEL MAR GLN
Purchase Price: $889,000
Living Area: 2,649
No. Bedrooms: 4
No. Bathrooms: 3

[sdrealtor]

Not much activity in that area but here’s one recent one that should help:

3985 Cypress Del Mar
same floorplan
currently in escrow with range price of $800K to $830K.

Does that answer your question?

[SD Realtor]

Don’t forget to factor in commissions and closing costs if your friend was going to sell his home. Estimate 3/4 – 1% for the sellers side closing costs, and 3.5-5.5% commission costs depending on who he uses to list the home.

SD Realtor

[ibjames]

Your friend is at the top of the rollercoaster though… so this is just the beginning

[Bob G]

Hate to bust your baloon, buy Zillow estimate as follows:

3935 Del Mar Gln, San Diego, CA 92130 4 beds, 3.0 baths, 2,649 sq ft

ZESTIMATE™: $978,876

Value Range: $890,777 – $1,145,285

30-day change: -$7,185 Last updated: 02/24/2007

[Anonymous]

Zillow price predictions are worthless in almost every case, including this one.

[renterclint]

Bob G!

I’ve seen your posts elsewhere, and I was initially bewildered by the negative responses that you got with people questioning your intellect. After your comment above, I get it…

You start your comment boldly with “Hate to bust your balloon…” and your delivery is a quote from Zillow?!! Seriously, maybe you really an ignorant dipsh*t.

[Author]

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