San Elijo Hills Analysis

[waiting for bottom]

So even though we have buyers on Crescent and Sundance making unbelievably terrible purchases, let’s go up past the town center and see what’s happening near Questhaven…where the Mello Roos will hit you around $4500.

Selling for less than purchase price:
1531 Clifftop – $590K – $223 sq/ft – Sold $782K 3/05 (-25%)
1098 Brightwood – $599K – $233 sq/ft – Sold $762K 11/04 (-21%)
704 Hollowbrook – $635K – $226 sq/ft – Sold $754K 1/06 (-16%)
726 Leeward – $648K – $216 sq/ft – Sold $760K 3/06 (-15%)
979 Baylor – $727K – $217 sq/ft – Sold $771K 6/04 (-6%) PENDING SALE – Congrats, good luck with that one.
878 Antilla – $740K – $224 sq/ft – Sold $819K 4/05 (-10%)
855 Antilla – $699K – $194 sq/ft – Sold $872K 7/05 (-20%)
871 Antilla – $750K – $220 sq/ft – Sold $865K 3/05 (-13%)
1419 Eclipse – $750K – $229 sq/ft – Sold $885K 10/06 (-15%)

On track to sell by 2020:
1005 Brightwood – $699K – $243 sq/ft – Sold $856K 3/05 (-18%)
1089 Brightwood – $699K – $246 sq/ft – Sold $800K 11/04 (-13%)
1474 Anchor – $725K – $258 sq/ft – No sale available (Gorgeous house with ocean view but get real)
1085 Brightwood – $699K – $264 sq/ft – Sold $745K 11/04 (-6%)
1079 Grain Mill – $699K – $270 sq/ft – Sold $654K 6/05 (+7%)
948 Citrine – $750K – $283 sq/ft – Sold $717K 4/06 (+5%)

Folks, I don’t even know where to start here. 13 of 15 for sale in the hood are below purchase price. 1 sale pending. 6 overpriced (althoug 5 have really nice views). I guess my only advice is not to buy on Brightwood. Oh, and maybe tell your friends on Grain Mill and Citrine that they won’t be able to fetch a profit in these conditions.

[greekfire]

WFB:

Nice research. You should team up with ocrenter over at BMIT (http://bubbletracking.blogspot.com/). I think the two of you could really help to further expose weakness in the housing market in the San Elijo Hills area.

[greekfire]

WFB:

Nice research. You should team up with ocrenter over at BMIT (http://bubbletracking.blogspot.com/). I think the two of you could really help to further expose weakness in the housing market in the San Elijo Hills area.

[greekfire]

WFB:

Nice research. You should team up with ocrenter over at BMIT (http://bubbletracking.blogspot.com/). I think the two of you could really help to further expose weakness in the housing market in the San Elijo Hills area.

[greekfire]

WFB:

Nice research. You should team up with ocrenter over at BMIT (http://bubbletracking.blogspot.com/). I think the two of you could really help to further expose weakness in the housing market in the San Elijo Hills area.

[greekfire]

WFB:

Nice research. You should team up with ocrenter over at BMIT (http://bubbletracking.blogspot.com/). I think the two of you could really help to further expose weakness in the housing market in the San Elijo Hills area.

[ariffe22]

this is some great information looking back from over a year ago. I wonder what this looks like updated to today’s information.

[ariffe22]

this is some great information looking back from over a year ago. I wonder what this looks like updated to today’s information.

[ariffe22]

this is some great information looking back from over a year ago. I wonder what this looks like updated to today’s information.

[ariffe22]

this is some great information looking back from over a year ago. I wonder what this looks like updated to today’s information.

[ariffe22]

this is some great information looking back from over a year ago. I wonder what this looks like updated to today’s information.

[waiting for bottom]

Updated original post with new data to the right. The tally:
**3 of 7 listings sold at only 7% avg discount (knives).
**4 of 7 not sold – 1 of those 4 now listed 19% lower.
**2008 listings average 22% lower than 2007 listings
**************************************************
Original Post:

Only reasonably priced house in the $500-$750K range:

1434 Rivercrest, $599K – Sold 1/08 for $615K

Check out the denial club:

1662 Sagewood, $699K – sold 10/08 for $615K
1655 Sagewood, $659K – removed, not sold
1614 Sagewood, $679K – sold 2/08 $613K
1677 Archer, $695K – removed, not sold
1546 Archer, $708K – sold 12/07 for $695K (knife)
1692 Archer, $699K – removed, not sold
1589 Archer, $679K – currenlty listed at $550K

December 2008 Sagewood listings:

1690 Sagewood, $519K – $188 sq/ft
1610 Sagewood, $560K – $190 sq/ft

Both are REO’s.

2007 Sagewood listings averaged $241 sq/ft – making 2008 22% down – sounds about right. Another 10-20% to go IMO.

Nothing on Archer other than the one still listed, 19% lower than last year.

[waiting for bottom]

Updated original post with new data to the right. The tally:
**3 of 7 listings sold at only 7% avg discount (knives).
**4 of 7 not sold – 1 of those 4 now listed 19% lower.
**2008 listings average 22% lower than 2007 listings
**************************************************
Original Post:

Only reasonably priced house in the $500-$750K range:

1434 Rivercrest, $599K – Sold 1/08 for $615K

Check out the denial club:

1662 Sagewood, $699K – sold 10/08 for $615K
1655 Sagewood, $659K – removed, not sold
1614 Sagewood, $679K – sold 2/08 $613K
1677 Archer, $695K – removed, not sold
1546 Archer, $708K – sold 12/07 for $695K (knife)
1692 Archer, $699K – removed, not sold
1589 Archer, $679K – currenlty listed at $550K

December 2008 Sagewood listings:

1690 Sagewood, $519K – $188 sq/ft
1610 Sagewood, $560K – $190 sq/ft

Both are REO’s.

2007 Sagewood listings averaged $241 sq/ft – making 2008 22% down – sounds about right. Another 10-20% to go IMO.

Nothing on Archer other than the one still listed, 19% lower than last year.

[waiting for bottom]

Updated original post with new data to the right. The tally:
**3 of 7 listings sold at only 7% avg discount (knives).
**4 of 7 not sold – 1 of those 4 now listed 19% lower.
**2008 listings average 22% lower than 2007 listings
**************************************************
Original Post:

Only reasonably priced house in the $500-$750K range:

1434 Rivercrest, $599K – Sold 1/08 for $615K

Check out the denial club:

1662 Sagewood, $699K – sold 10/08 for $615K
1655 Sagewood, $659K – removed, not sold
1614 Sagewood, $679K – sold 2/08 $613K
1677 Archer, $695K – removed, not sold
1546 Archer, $708K – sold 12/07 for $695K (knife)
1692 Archer, $699K – removed, not sold
1589 Archer, $679K – currenlty listed at $550K

December 2008 Sagewood listings:

1690 Sagewood, $519K – $188 sq/ft
1610 Sagewood, $560K – $190 sq/ft

Both are REO’s.

2007 Sagewood listings averaged $241 sq/ft – making 2008 22% down – sounds about right. Another 10-20% to go IMO.

Nothing on Archer other than the one still listed, 19% lower than last year.

[waiting for bottom]

Updated original post with new data to the right. The tally:
**3 of 7 listings sold at only 7% avg discount (knives).
**4 of 7 not sold – 1 of those 4 now listed 19% lower.
**2008 listings average 22% lower than 2007 listings
**************************************************
Original Post:

Only reasonably priced house in the $500-$750K range:

1434 Rivercrest, $599K – Sold 1/08 for $615K

Check out the denial club:

1662 Sagewood, $699K – sold 10/08 for $615K
1655 Sagewood, $659K – removed, not sold
1614 Sagewood, $679K – sold 2/08 $613K
1677 Archer, $695K – removed, not sold
1546 Archer, $708K – sold 12/07 for $695K (knife)
1692 Archer, $699K – removed, not sold
1589 Archer, $679K – currenlty listed at $550K

December 2008 Sagewood listings:

1690 Sagewood, $519K – $188 sq/ft
1610 Sagewood, $560K – $190 sq/ft

Both are REO’s.

2007 Sagewood listings averaged $241 sq/ft – making 2008 22% down – sounds about right. Another 10-20% to go IMO.

Nothing on Archer other than the one still listed, 19% lower than last year.

[Author]

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