Home › Forums › Closed Forums › Properties or Areas › Santaluz – Current Market Conditions
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Echoooo.
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June 14, 2010 at 11:38 PM #566027September 12, 2010 at 5:48 PM #604079
permabear
Participant[quote=toddt]Bumping to get current conditions.[/quote]
I just drove through there today, looking at a wide range of homes, from $895k – $2.5M.
The area is awesome and has a great community feel. The rigorous CC&R’s have created a consistent, desert hacienda feel. Great vibe. People waved and smiled as we roamed around.
But, the number of high-end homes for sale is truly frightening. There are a handful in the $1-1.5M range, but dozens in the $2M+ plus TONS of empty lots. When I asked some realtors why the $2M+ owners were selling, it was to “move back to La Jolla”. That’s not good. That means the fad is over.
So I’d be very hesitant to buy in there, personally speaking. Seems like way too much risk and way too many fees for such an uncertain future.
But maybe that’s just me, and perhaps others have a feel that the area is getting better. It seems quite scary and stagnant right now.
September 12, 2010 at 5:48 PM #604167Participant[quote=toddt]Bumping to get current conditions.[/quote]
I just drove through there today, looking at a wide range of homes, from $895k – $2.5M.
The area is awesome and has a great community feel. The rigorous CC&R’s have created a consistent, desert hacienda feel. Great vibe. People waved and smiled as we roamed around.
But, the number of high-end homes for sale is truly frightening. There are a handful in the $1-1.5M range, but dozens in the $2M+ plus TONS of empty lots. When I asked some realtors why the $2M+ owners were selling, it was to “move back to La Jolla”. That’s not good. That means the fad is over.
So I’d be very hesitant to buy in there, personally speaking. Seems like way too much risk and way too many fees for such an uncertain future.
But maybe that’s just me, and perhaps others have a feel that the area is getting better. It seems quite scary and stagnant right now.
September 12, 2010 at 5:48 PM #604716Participant[quote=toddt]Bumping to get current conditions.[/quote]
I just drove through there today, looking at a wide range of homes, from $895k – $2.5M.
The area is awesome and has a great community feel. The rigorous CC&R’s have created a consistent, desert hacienda feel. Great vibe. People waved and smiled as we roamed around.
But, the number of high-end homes for sale is truly frightening. There are a handful in the $1-1.5M range, but dozens in the $2M+ plus TONS of empty lots. When I asked some realtors why the $2M+ owners were selling, it was to “move back to La Jolla”. That’s not good. That means the fad is over.
So I’d be very hesitant to buy in there, personally speaking. Seems like way too much risk and way too many fees for such an uncertain future.
But maybe that’s just me, and perhaps others have a feel that the area is getting better. It seems quite scary and stagnant right now.
September 12, 2010 at 5:48 PM #604824Participant[quote=toddt]Bumping to get current conditions.[/quote]
I just drove through there today, looking at a wide range of homes, from $895k – $2.5M.
The area is awesome and has a great community feel. The rigorous CC&R’s have created a consistent, desert hacienda feel. Great vibe. People waved and smiled as we roamed around.
But, the number of high-end homes for sale is truly frightening. There are a handful in the $1-1.5M range, but dozens in the $2M+ plus TONS of empty lots. When I asked some realtors why the $2M+ owners were selling, it was to “move back to La Jolla”. That’s not good. That means the fad is over.
So I’d be very hesitant to buy in there, personally speaking. Seems like way too much risk and way too many fees for such an uncertain future.
But maybe that’s just me, and perhaps others have a feel that the area is getting better. It seems quite scary and stagnant right now.
September 12, 2010 at 5:48 PM #605140Participant[quote=toddt]Bumping to get current conditions.[/quote]
I just drove through there today, looking at a wide range of homes, from $895k – $2.5M.
The area is awesome and has a great community feel. The rigorous CC&R’s have created a consistent, desert hacienda feel. Great vibe. People waved and smiled as we roamed around.
But, the number of high-end homes for sale is truly frightening. There are a handful in the $1-1.5M range, but dozens in the $2M+ plus TONS of empty lots. When I asked some realtors why the $2M+ owners were selling, it was to “move back to La Jolla”. That’s not good. That means the fad is over.
So I’d be very hesitant to buy in there, personally speaking. Seems like way too much risk and way too many fees for such an uncertain future.
But maybe that’s just me, and perhaps others have a feel that the area is getting better. It seems quite scary and stagnant right now.
September 12, 2010 at 7:01 PM #604099joec
ParticipantSimilar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself…
Unless you wanted to raise horses and needed a ranch/huge lot or something.
September 12, 2010 at 7:01 PM #604187ParticipantSimilar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself…
Unless you wanted to raise horses and needed a ranch/huge lot or something.
September 12, 2010 at 7:01 PM #604736ParticipantSimilar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself…
Unless you wanted to raise horses and needed a ranch/huge lot or something.
September 12, 2010 at 7:01 PM #604844ParticipantSimilar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself…
Unless you wanted to raise horses and needed a ranch/huge lot or something.
September 12, 2010 at 7:01 PM #605160ParticipantSimilar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself…
Unless you wanted to raise horses and needed a ranch/huge lot or something.
September 12, 2010 at 9:10 PM #604139Participant[quote=joec]Similar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself… Unless you wanted to raise horses and needed a ranch/huge lot or something.[/quote]
Horses? In Santaluz?? Yeah…. No
September 12, 2010 at 9:10 PM #604227Participant[quote=joec]Similar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself… Unless you wanted to raise horses and needed a ranch/huge lot or something.[/quote]
Horses? In Santaluz?? Yeah…. No
September 12, 2010 at 9:10 PM #604776Participant[quote=joec]Similar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself… Unless you wanted to raise horses and needed a ranch/huge lot or something.[/quote]
Horses? In Santaluz?? Yeah…. No
September 12, 2010 at 9:10 PM #604884Participant[quote=joec]Similar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself… Unless you wanted to raise horses and needed a ranch/huge lot or something.[/quote]
Horses? In Santaluz?? Yeah…. No
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