Rancho Penasquitos Market

[5yearwaiter]

[quote=SD Realtor]MM –

Yep that is the exact spot I meant as well. Up the hill from there are single family homes as well, Penasquitos Glen. However I wouldn’t recommend that spot just like you said. I agree with your points. Inventory should run up over the next few weeks. Then let them simmer in the summer months and then start cutting prices in late July… I think this time next year you will see even better prices, and in 2009 well… it should be a bonanza.

DDM

Find a nice rental, lock in for a 1 year lease and you should be good to go… The combination of a year of price declines and you socking a little more away should help you out for next summer. If you can hold out to 2009 all the better. As you know I am in the same boat but am looking in Scripps… time is on our side. It is sad that a family with a good annual income and a nice downpayment can’t afford a home. You are being fiscally responsible by not buying something that you cannot afford. Hang tight.

SD Realtor[/quote]

SD Realtor – Now it is 2009 did you have any idea how this PQ area especially near to West View high going on? Any recent stats on this area? I am curious to heard any bonanza yet to come on this area?

[5yearwaiter]

[quote=SD Realtor]MM –

Yep that is the exact spot I meant as well. Up the hill from there are single family homes as well, Penasquitos Glen. However I wouldn’t recommend that spot just like you said. I agree with your points. Inventory should run up over the next few weeks. Then let them simmer in the summer months and then start cutting prices in late July… I think this time next year you will see even better prices, and in 2009 well… it should be a bonanza.

DDM

Find a nice rental, lock in for a 1 year lease and you should be good to go… The combination of a year of price declines and you socking a little more away should help you out for next summer. If you can hold out to 2009 all the better. As you know I am in the same boat but am looking in Scripps… time is on our side. It is sad that a family with a good annual income and a nice downpayment can’t afford a home. You are being fiscally responsible by not buying something that you cannot afford. Hang tight.

SD Realtor[/quote]

SD Realtor – Now it is 2009 did you have any idea how this PQ area especially near to West View high going on? Any recent stats on this area? I am curious to heard any bonanza yet to come on this area?

[5yearwaiter]

[quote=SD Realtor]MM –

Yep that is the exact spot I meant as well. Up the hill from there are single family homes as well, Penasquitos Glen. However I wouldn’t recommend that spot just like you said. I agree with your points. Inventory should run up over the next few weeks. Then let them simmer in the summer months and then start cutting prices in late July… I think this time next year you will see even better prices, and in 2009 well… it should be a bonanza.

DDM

Find a nice rental, lock in for a 1 year lease and you should be good to go… The combination of a year of price declines and you socking a little more away should help you out for next summer. If you can hold out to 2009 all the better. As you know I am in the same boat but am looking in Scripps… time is on our side. It is sad that a family with a good annual income and a nice downpayment can’t afford a home. You are being fiscally responsible by not buying something that you cannot afford. Hang tight.

SD Realtor[/quote]

SD Realtor – Now it is 2009 did you have any idea how this PQ area especially near to West View high going on? Any recent stats on this area? I am curious to heard any bonanza yet to come on this area?

[5yearwaiter]

[quote=SD Realtor]MM –

Yep that is the exact spot I meant as well. Up the hill from there are single family homes as well, Penasquitos Glen. However I wouldn’t recommend that spot just like you said. I agree with your points. Inventory should run up over the next few weeks. Then let them simmer in the summer months and then start cutting prices in late July… I think this time next year you will see even better prices, and in 2009 well… it should be a bonanza.

DDM

Find a nice rental, lock in for a 1 year lease and you should be good to go… The combination of a year of price declines and you socking a little more away should help you out for next summer. If you can hold out to 2009 all the better. As you know I am in the same boat but am looking in Scripps… time is on our side. It is sad that a family with a good annual income and a nice downpayment can’t afford a home. You are being fiscally responsible by not buying something that you cannot afford. Hang tight.

SD Realtor[/quote]

SD Realtor – Now it is 2009 did you have any idea how this PQ area especially near to West View high going on? Any recent stats on this area? I am curious to heard any bonanza yet to come on this area?

[5yearwaiter]

[quote=SD Realtor]MM –

Yep that is the exact spot I meant as well. Up the hill from there are single family homes as well, Penasquitos Glen. However I wouldn’t recommend that spot just like you said. I agree with your points. Inventory should run up over the next few weeks. Then let them simmer in the summer months and then start cutting prices in late July… I think this time next year you will see even better prices, and in 2009 well… it should be a bonanza.

DDM

Find a nice rental, lock in for a 1 year lease and you should be good to go… The combination of a year of price declines and you socking a little more away should help you out for next summer. If you can hold out to 2009 all the better. As you know I am in the same boat but am looking in Scripps… time is on our side. It is sad that a family with a good annual income and a nice downpayment can’t afford a home. You are being fiscally responsible by not buying something that you cannot afford. Hang tight.

SD Realtor[/quote]

SD Realtor – Now it is 2009 did you have any idea how this PQ area especially near to West View high going on? Any recent stats on this area? I am curious to heard any bonanza yet to come on this area?

[SD Realtor]

Right now the pq market is an absolute nightmare if you are a buyer. My advice is be prepared to come in strong or don’t bother and check in later in the summer. Denial is also creeping in. For instance the listing on el cabo will in no way will appraise for what they are asking. There is a battiata short sale on calle de villa oeste with 11 offers on it. Pretty much a joke right now in pq. Easily more sales activity there then in the past 3 years.

So in terms of a bonanza for lowballers or deal seekers, I would say inventory needs to double before anything significant can happen.I have two offers for different people in on short sales there and a recent closed sale. It is brutal now.

[SD Realtor]

Right now the pq market is an absolute nightmare if you are a buyer. My advice is be prepared to come in strong or don’t bother and check in later in the summer. Denial is also creeping in. For instance the listing on el cabo will in no way will appraise for what they are asking. There is a battiata short sale on calle de villa oeste with 11 offers on it. Pretty much a joke right now in pq. Easily more sales activity there then in the past 3 years.

So in terms of a bonanza for lowballers or deal seekers, I would say inventory needs to double before anything significant can happen.I have two offers for different people in on short sales there and a recent closed sale. It is brutal now.

[SD Realtor]

Right now the pq market is an absolute nightmare if you are a buyer. My advice is be prepared to come in strong or don’t bother and check in later in the summer. Denial is also creeping in. For instance the listing on el cabo will in no way will appraise for what they are asking. There is a battiata short sale on calle de villa oeste with 11 offers on it. Pretty much a joke right now in pq. Easily more sales activity there then in the past 3 years.

So in terms of a bonanza for lowballers or deal seekers, I would say inventory needs to double before anything significant can happen.I have two offers for different people in on short sales there and a recent closed sale. It is brutal now.

[SD Realtor]

Right now the pq market is an absolute nightmare if you are a buyer. My advice is be prepared to come in strong or don’t bother and check in later in the summer. Denial is also creeping in. For instance the listing on el cabo will in no way will appraise for what they are asking. There is a battiata short sale on calle de villa oeste with 11 offers on it. Pretty much a joke right now in pq. Easily more sales activity there then in the past 3 years.

So in terms of a bonanza for lowballers or deal seekers, I would say inventory needs to double before anything significant can happen.I have two offers for different people in on short sales there and a recent closed sale. It is brutal now.

[SD Realtor]

Right now the pq market is an absolute nightmare if you are a buyer. My advice is be prepared to come in strong or don’t bother and check in later in the summer. Denial is also creeping in. For instance the listing on el cabo will in no way will appraise for what they are asking. There is a battiata short sale on calle de villa oeste with 11 offers on it. Pretty much a joke right now in pq. Easily more sales activity there then in the past 3 years.

So in terms of a bonanza for lowballers or deal seekers, I would say inventory needs to double before anything significant can happen.I have two offers for different people in on short sales there and a recent closed sale. It is brutal now.

[5yearwaiter]

[quote=SD Realtor]Right now the pq market is an absolute nightmare if you are a buyer. My advice is be prepared to come in strong or don’t bother and check in later in the summer. Denial is also creeping in. For instance the listing on el cabo will in no way will appraise for what they are asking. There is a battiata short sale on calle de villa oeste with 11 offers on it. Pretty much a joke right now in pq. Easily more sales activity there then in the past 3 years.

So in terms of a bonanza for lowballers or deal seekers, I would say inventory needs to double before anything significant can happen.I have two offers for different people in on short sales there and a recent closed sale. It is brutal now.[/quote]

Thanks SD Realtor for the valuable info. Do you believe there would be more Foreclosures or short sales (inventory) are on the way after this Fed’s mortorium on the foreclosures is over?

[5yearwaiter]

[quote=SD Realtor]Right now the pq market is an absolute nightmare if you are a buyer. My advice is be prepared to come in strong or don’t bother and check in later in the summer. Denial is also creeping in. For instance the listing on el cabo will in no way will appraise for what they are asking. There is a battiata short sale on calle de villa oeste with 11 offers on it. Pretty much a joke right now in pq. Easily more sales activity there then in the past 3 years.

So in terms of a bonanza for lowballers or deal seekers, I would say inventory needs to double before anything significant can happen.I have two offers for different people in on short sales there and a recent closed sale. It is brutal now.[/quote]

Thanks SD Realtor for the valuable info. Do you believe there would be more Foreclosures or short sales (inventory) are on the way after this Fed’s mortorium on the foreclosures is over?

[5yearwaiter]

[quote=SD Realtor]Right now the pq market is an absolute nightmare if you are a buyer. My advice is be prepared to come in strong or don’t bother and check in later in the summer. Denial is also creeping in. For instance the listing on el cabo will in no way will appraise for what they are asking. There is a battiata short sale on calle de villa oeste with 11 offers on it. Pretty much a joke right now in pq. Easily more sales activity there then in the past 3 years.

So in terms of a bonanza for lowballers or deal seekers, I would say inventory needs to double before anything significant can happen.I have two offers for different people in on short sales there and a recent closed sale. It is brutal now.[/quote]

Thanks SD Realtor for the valuable info. Do you believe there would be more Foreclosures or short sales (inventory) are on the way after this Fed’s mortorium on the foreclosures is over?

[5yearwaiter]

[quote=SD Realtor]Right now the pq market is an absolute nightmare if you are a buyer. My advice is be prepared to come in strong or don’t bother and check in later in the summer. Denial is also creeping in. For instance the listing on el cabo will in no way will appraise for what they are asking. There is a battiata short sale on calle de villa oeste with 11 offers on it. Pretty much a joke right now in pq. Easily more sales activity there then in the past 3 years.

So in terms of a bonanza for lowballers or deal seekers, I would say inventory needs to double before anything significant can happen.I have two offers for different people in on short sales there and a recent closed sale. It is brutal now.[/quote]

Thanks SD Realtor for the valuable info. Do you believe there would be more Foreclosures or short sales (inventory) are on the way after this Fed’s mortorium on the foreclosures is over?

[5yearwaiter]

[quote=SD Realtor]Right now the pq market is an absolute nightmare if you are a buyer. My advice is be prepared to come in strong or don’t bother and check in later in the summer. Denial is also creeping in. For instance the listing on el cabo will in no way will appraise for what they are asking. There is a battiata short sale on calle de villa oeste with 11 offers on it. Pretty much a joke right now in pq. Easily more sales activity there then in the past 3 years.

So in terms of a bonanza for lowballers or deal seekers, I would say inventory needs to double before anything significant can happen.I have two offers for different people in on short sales there and a recent closed sale. It is brutal now.[/quote]

Thanks SD Realtor for the valuable info. Do you believe there would be more Foreclosures or short sales (inventory) are on the way after this Fed’s mortorium on the foreclosures is over?

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