Rancho Penasquitos Market

[equalizer]

[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]

SDR,

What about this place in TH? I know it has the high Mello-Roos (sdlookup has the MR price on its site), but it is nearly down to 2003 price,
3800 SF, 780K and not selling. Is it a short sale?

http://www.sdlookup.com/MLS-090002936-13121_Via_Canyon_San_Diego_Ca_92129

[equalizer]

[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]

SDR,

What about this place in TH? I know it has the high Mello-Roos (sdlookup has the MR price on its site), but it is nearly down to 2003 price,
3800 SF, 780K and not selling. Is it a short sale?

http://www.sdlookup.com/MLS-090002936-13121_Via_Canyon_San_Diego_Ca_92129

[equalizer]

[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]

SDR,

What about this place in TH? I know it has the high Mello-Roos (sdlookup has the MR price on its site), but it is nearly down to 2003 price,
3800 SF, 780K and not selling. Is it a short sale?

http://www.sdlookup.com/MLS-090002936-13121_Via_Canyon_San_Diego_Ca_92129

[equalizer]

[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]

SDR,

What about this place in TH? I know it has the high Mello-Roos (sdlookup has the MR price on its site), but it is nearly down to 2003 price,
3800 SF, 780K and not selling. Is it a short sale?

http://www.sdlookup.com/MLS-090002936-13121_Via_Canyon_San_Diego_Ca_92129

[equalizer]

[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]

SDR,

What about this place in TH? I know it has the high Mello-Roos (sdlookup has the MR price on its site), but it is nearly down to 2003 price,
3800 SF, 780K and not selling. Is it a short sale?

http://www.sdlookup.com/MLS-090002936-13121_Via_Canyon_San_Diego_Ca_92129

[SD Realtor]

5year – The MLS has a tax roll utility called Realist. It is not great but it is pretty good. They have a foreclosure activity search which looks for recorded NOD, NOT and trustee sales. Performing a blanket search on 92129 shows

49 bank owned properties
67 notice of notice of trustee sales
141 notices of default

Now this is just a snapshot so I cannot tell you if this submarket is in an accelerating or decelerating phase.

I am hesitant to say what I believe in anymore. I am more and more of a mindset akin to what Concho had posted in another thread. Our government and Wall St are becoming interchangeable and because of that the dynamics of a free market with regards to housing are becoming less true.

I “HOPE” that yes we will see a substantial increase in bank owned properties over the next year in 92129 with more inventory beginning to show itself in the middle of summer.

[SD Realtor]

5year – The MLS has a tax roll utility called Realist. It is not great but it is pretty good. They have a foreclosure activity search which looks for recorded NOD, NOT and trustee sales. Performing a blanket search on 92129 shows

49 bank owned properties
67 notice of notice of trustee sales
141 notices of default

Now this is just a snapshot so I cannot tell you if this submarket is in an accelerating or decelerating phase.

I am hesitant to say what I believe in anymore. I am more and more of a mindset akin to what Concho had posted in another thread. Our government and Wall St are becoming interchangeable and because of that the dynamics of a free market with regards to housing are becoming less true.

I “HOPE” that yes we will see a substantial increase in bank owned properties over the next year in 92129 with more inventory beginning to show itself in the middle of summer.

[SD Realtor]

5year – The MLS has a tax roll utility called Realist. It is not great but it is pretty good. They have a foreclosure activity search which looks for recorded NOD, NOT and trustee sales. Performing a blanket search on 92129 shows

49 bank owned properties
67 notice of notice of trustee sales
141 notices of default

Now this is just a snapshot so I cannot tell you if this submarket is in an accelerating or decelerating phase.

I am hesitant to say what I believe in anymore. I am more and more of a mindset akin to what Concho had posted in another thread. Our government and Wall St are becoming interchangeable and because of that the dynamics of a free market with regards to housing are becoming less true.

I “HOPE” that yes we will see a substantial increase in bank owned properties over the next year in 92129 with more inventory beginning to show itself in the middle of summer.

[SD Realtor]

5year – The MLS has a tax roll utility called Realist. It is not great but it is pretty good. They have a foreclosure activity search which looks for recorded NOD, NOT and trustee sales. Performing a blanket search on 92129 shows

49 bank owned properties
67 notice of notice of trustee sales
141 notices of default

Now this is just a snapshot so I cannot tell you if this submarket is in an accelerating or decelerating phase.

I am hesitant to say what I believe in anymore. I am more and more of a mindset akin to what Concho had posted in another thread. Our government and Wall St are becoming interchangeable and because of that the dynamics of a free market with regards to housing are becoming less true.

I “HOPE” that yes we will see a substantial increase in bank owned properties over the next year in 92129 with more inventory beginning to show itself in the middle of summer.

[SD Realtor]

5year – The MLS has a tax roll utility called Realist. It is not great but it is pretty good. They have a foreclosure activity search which looks for recorded NOD, NOT and trustee sales. Performing a blanket search on 92129 shows

49 bank owned properties
67 notice of notice of trustee sales
141 notices of default

Now this is just a snapshot so I cannot tell you if this submarket is in an accelerating or decelerating phase.

I am hesitant to say what I believe in anymore. I am more and more of a mindset akin to what Concho had posted in another thread. Our government and Wall St are becoming interchangeable and because of that the dynamics of a free market with regards to housing are becoming less true.

I “HOPE” that yes we will see a substantial increase in bank owned properties over the next year in 92129 with more inventory beginning to show itself in the middle of summer.

[SD Realtor]

Equalizer you cannot even get into this home anymore. No more showings for this home. They are only accepting backup offers and they have been waiting for the bank to get back to them on the primary offer for quite awhile now. The only question is what it will go for, not whether it will go.

[SD Realtor]

Equalizer you cannot even get into this home anymore. No more showings for this home. They are only accepting backup offers and they have been waiting for the bank to get back to them on the primary offer for quite awhile now. The only question is what it will go for, not whether it will go.

[SD Realtor]

Equalizer you cannot even get into this home anymore. No more showings for this home. They are only accepting backup offers and they have been waiting for the bank to get back to them on the primary offer for quite awhile now. The only question is what it will go for, not whether it will go.

[SD Realtor]

Equalizer you cannot even get into this home anymore. No more showings for this home. They are only accepting backup offers and they have been waiting for the bank to get back to them on the primary offer for quite awhile now. The only question is what it will go for, not whether it will go.

[SD Realtor]

Equalizer you cannot even get into this home anymore. No more showings for this home. They are only accepting backup offers and they have been waiting for the bank to get back to them on the primary offer for quite awhile now. The only question is what it will go for, not whether it will go.

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