San Elijo Hills imploding?

[sdrealtor]

I beleive there is a 1700 sq ft townhome in Morgans Corner in escrow around 350,000

[waiting for bottom]

Browsing through recent sales brings some not so good news for me. It looks like SEH is showing some strength.

1546 Archer (I said the sellers wer in ‘denial’) sold for $695K. 855 Antilla for $740K, 1531 Cliffop $584K and 1086 Brightwood $685K. All within 2% of low asking price, and Antilla was above. The last three sold at -15% from last sale. I’m not going to call a bottom here but not encouraging on my end.

BTW – 1710 Morgans Ave – 374.5K

[waiting for bottom]

Browsing through recent sales brings some not so good news for me. It looks like SEH is showing some strength.

1546 Archer (I said the sellers wer in ‘denial’) sold for $695K. 855 Antilla for $740K, 1531 Cliffop $584K and 1086 Brightwood $685K. All within 2% of low asking price, and Antilla was above. The last three sold at -15% from last sale. I’m not going to call a bottom here but not encouraging on my end.

BTW – 1710 Morgans Ave – 374.5K

[waiting for bottom]

Browsing through recent sales brings some not so good news for me. It looks like SEH is showing some strength.

1546 Archer (I said the sellers wer in ‘denial’) sold for $695K. 855 Antilla for $740K, 1531 Cliffop $584K and 1086 Brightwood $685K. All within 2% of low asking price, and Antilla was above. The last three sold at -15% from last sale. I’m not going to call a bottom here but not encouraging on my end.

BTW – 1710 Morgans Ave – 374.5K

[waiting for bottom]

Browsing through recent sales brings some not so good news for me. It looks like SEH is showing some strength.

1546 Archer (I said the sellers wer in ‘denial’) sold for $695K. 855 Antilla for $740K, 1531 Cliffop $584K and 1086 Brightwood $685K. All within 2% of low asking price, and Antilla was above. The last three sold at -15% from last sale. I’m not going to call a bottom here but not encouraging on my end.

BTW – 1710 Morgans Ave – 374.5K

[waiting for bottom]

Browsing through recent sales brings some not so good news for me. It looks like SEH is showing some strength.

1546 Archer (I said the sellers wer in ‘denial’) sold for $695K. 855 Antilla for $740K, 1531 Cliffop $584K and 1086 Brightwood $685K. All within 2% of low asking price, and Antilla was above. The last three sold at -15% from last sale. I’m not going to call a bottom here but not encouraging on my end.

BTW – 1710 Morgans Ave – 374.5K

[SD Realtor]

wtb you gotta just be patient man… Give it another few years.

SD Realtor

[SD Realtor]

wtb you gotta just be patient man… Give it another few years.

SD Realtor

[SD Realtor]

wtb you gotta just be patient man… Give it another few years.

SD Realtor

[SD Realtor]

wtb you gotta just be patient man… Give it another few years.

SD Realtor

[SD Realtor]

wtb you gotta just be patient man… Give it another few years.

SD Realtor

[waiting for bottom]

Check out the listing in SEH at 896 Orion. $625K, 3560 sq ft. Bought in 11/2005 for $849K (-26%). The comments do not say anything about short or bank owned but it has to be one of the two.

I drove by 8 houses on Orion and Leeward this morning. All were at least 16% lower than 05-06 purchases, all built in 05-06, 4 were bank owned, 1 was short and 2 had no comments.

The Questhaven area of SEH is at least -15% on average and the inventory hasn’t really hit the market yet. 40-50% from peak is very realistic. Can’t say 2002 pricing because the houses didn’t exist in 2002.

1531 Clifftop, a REO, sold last month for $584, 25% down from original 3/2005 purchase.

[waiting for bottom]

Check out the listing in SEH at 896 Orion. $625K, 3560 sq ft. Bought in 11/2005 for $849K (-26%). The comments do not say anything about short or bank owned but it has to be one of the two.

I drove by 8 houses on Orion and Leeward this morning. All were at least 16% lower than 05-06 purchases, all built in 05-06, 4 were bank owned, 1 was short and 2 had no comments.

The Questhaven area of SEH is at least -15% on average and the inventory hasn’t really hit the market yet. 40-50% from peak is very realistic. Can’t say 2002 pricing because the houses didn’t exist in 2002.

1531 Clifftop, a REO, sold last month for $584, 25% down from original 3/2005 purchase.

[waiting for bottom]

Check out the listing in SEH at 896 Orion. $625K, 3560 sq ft. Bought in 11/2005 for $849K (-26%). The comments do not say anything about short or bank owned but it has to be one of the two.

I drove by 8 houses on Orion and Leeward this morning. All were at least 16% lower than 05-06 purchases, all built in 05-06, 4 were bank owned, 1 was short and 2 had no comments.

The Questhaven area of SEH is at least -15% on average and the inventory hasn’t really hit the market yet. 40-50% from peak is very realistic. Can’t say 2002 pricing because the houses didn’t exist in 2002.

1531 Clifftop, a REO, sold last month for $584, 25% down from original 3/2005 purchase.

[waiting for bottom]

Check out the listing in SEH at 896 Orion. $625K, 3560 sq ft. Bought in 11/2005 for $849K (-26%). The comments do not say anything about short or bank owned but it has to be one of the two.

I drove by 8 houses on Orion and Leeward this morning. All were at least 16% lower than 05-06 purchases, all built in 05-06, 4 were bank owned, 1 was short and 2 had no comments.

The Questhaven area of SEH is at least -15% on average and the inventory hasn’t really hit the market yet. 40-50% from peak is very realistic. Can’t say 2002 pricing because the houses didn’t exist in 2002.

1531 Clifftop, a REO, sold last month for $584, 25% down from original 3/2005 purchase.

[Author]

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