San Elijo Hills imploding?

[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]

BTW – Zillow has 1531 Clifftop estimated at $852K with a range of 766K-$1,056K. Yeah, Zillow is legit…

[waiting for bottom]

BTW – Zillow has 1531 Clifftop estimated at $852K with a range of 766K-$1,056K. Yeah, Zillow is legit…

[waiting for bottom]

BTW – Zillow has 1531 Clifftop estimated at $852K with a range of 766K-$1,056K. Yeah, Zillow is legit…

[waiting for bottom]

BTW – Zillow has 1531 Clifftop estimated at $852K with a range of 766K-$1,056K. Yeah, Zillow is legit…

[waiting for bottom]

BTW – Zillow has 1531 Clifftop estimated at $852K with a range of 766K-$1,056K. Yeah, Zillow is legit…

[Anonymous]

I am from Newport Beach, my family and I spent a nice weekend in San Diego.
We spent the morning exploring the very nice Sunset Cliffs Point Loma neighborhoods.

Please explain what is happening in this premium area? I just do not get the feel of wealth
in these neighborhoods old cars, new not nice cars, bad landscaping. It seems we have
lots of middle class people with million dollar views.

[Anonymous]

I am from Newport Beach, my family and I spent a nice weekend in San Diego.
We spent the morning exploring the very nice Sunset Cliffs Point Loma neighborhoods.

Please explain what is happening in this premium area? I just do not get the feel of wealth
in these neighborhoods old cars, new not nice cars, bad landscaping. It seems we have
lots of middle class people with million dollar views.

[Anonymous]

I am from Newport Beach, my family and I spent a nice weekend in San Diego.
We spent the morning exploring the very nice Sunset Cliffs Point Loma neighborhoods.

Please explain what is happening in this premium area? I just do not get the feel of wealth
in these neighborhoods old cars, new not nice cars, bad landscaping. It seems we have
lots of middle class people with million dollar views.

[Anonymous]

I am from Newport Beach, my family and I spent a nice weekend in San Diego.
We spent the morning exploring the very nice Sunset Cliffs Point Loma neighborhoods.

Please explain what is happening in this premium area? I just do not get the feel of wealth
in these neighborhoods old cars, new not nice cars, bad landscaping. It seems we have
lots of middle class people with million dollar views.

[Anonymous]

I am from Newport Beach, my family and I spent a nice weekend in San Diego.
We spent the morning exploring the very nice Sunset Cliffs Point Loma neighborhoods.

Please explain what is happening in this premium area? I just do not get the feel of wealth
in these neighborhoods old cars, new not nice cars, bad landscaping. It seems we have
lots of middle class people with million dollar views.

[SD Realtor]

waiting for bottom Zillow is well… it is Zillow… you have a really good pulse on SEH and I your homework is much more legit then Zillow. I think this year will hammer SEH.

Newport Joe – Sunset Cliffs/Point Loma is filled with many long time homeowners. Simply by owning the homes for a long time has enabled them to achieve extreme appreciation. Were you on the Sunset Cliffs (ocean side) or were on the bay side?

SD Realtor

[SD Realtor]

waiting for bottom Zillow is well… it is Zillow… you have a really good pulse on SEH and I your homework is much more legit then Zillow. I think this year will hammer SEH.

Newport Joe – Sunset Cliffs/Point Loma is filled with many long time homeowners. Simply by owning the homes for a long time has enabled them to achieve extreme appreciation. Were you on the Sunset Cliffs (ocean side) or were on the bay side?

SD Realtor

[SD Realtor]

waiting for bottom Zillow is well… it is Zillow… you have a really good pulse on SEH and I your homework is much more legit then Zillow. I think this year will hammer SEH.

Newport Joe – Sunset Cliffs/Point Loma is filled with many long time homeowners. Simply by owning the homes for a long time has enabled them to achieve extreme appreciation. Were you on the Sunset Cliffs (ocean side) or were on the bay side?

SD Realtor

[SD Realtor]

waiting for bottom Zillow is well… it is Zillow… you have a really good pulse on SEH and I your homework is much more legit then Zillow. I think this year will hammer SEH.

Newport Joe – Sunset Cliffs/Point Loma is filled with many long time homeowners. Simply by owning the homes for a long time has enabled them to achieve extreme appreciation. Were you on the Sunset Cliffs (ocean side) or were on the bay side?

SD Realtor

[Author]

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