Santaluz neighborhood in San Diego

[Anonymous]

I think that’s a major generalization, it depends on what you buy since as you can see, a lot of my neighbors on what you call the “club side” have lost hundreds of thousands, even millions off their value. They bought at the peak of the market at 04 to 06 and thus their values have fallen accordingly. The same can be said on the Caminito Lazanja side since most of those homes were built and sold during that same bubble period. At the end of the day, it’s the home you buy, the location and the upgrades in the home. The reality is that Santaluz, being a gated community attracts certain types of buyers, those that desire the nicer things in life and those buyers will simply not buy a box on a bad lot on either side because they don’t want to feel “poh” compared to their neighbors. It’s a small community so people talk.

As for building, unfortunately there is no such thing as “Santaluz-recommended builder” or “plan options”, the appeal of Santaluz is that we try to keep the community fairly uniform and upscale. There is a reason you don’t see any smaller/cheaper homes on this side. If you want to build, I agree with toddt that you need to find a good architect and not skimp on the cost in that area. Also a good general contractor is important so that you are not spending every day supervising the construction yourself but that also is pricey. I think a year is pushing it but you can definitely finish in 18 months if you are willing to pay and deal with the stress of building.

[Anonymous]

Values in Santaluz are a little tricky. You can have a million dollar production home on the same street as a $6 Million dollar custom home. Even production homes on the same street from the same builder can sell for $300,000 differences. The reason for this is that land in Santaluz is not expensive; you can get an acre lot for under $400,000. The value of properties in Santaluz is related more to things like does it have a view, proximity to Camino Del Sur (that same one acre lot with a view and no road noise is closer to $1 Million) and the quality of the upgrades and finishes of the home. Therefore, you can’t just look at comps via zillow, you really do need to know the houses behind those numbers to understand the prices. One example is that some of those great deals you see, they are not available to the general buyer, you have to know someone at the bank to get that kind of deal; it’s just the San Diego way….

[Anonymous]

Values in Santaluz are a little tricky. You can have a million dollar production home on the same street as a $6 Million dollar custom home. Even production homes on the same street from the same builder can sell for $300,000 differences. The reason for this is that land in Santaluz is not expensive; you can get an acre lot for under $400,000. The value of properties in Santaluz is related more to things like does it have a view, proximity to Camino Del Sur (that same one acre lot with a view and no road noise is closer to $1 Million) and the quality of the upgrades and finishes of the home. Therefore, you can’t just look at comps via zillow, you really do need to know the houses behind those numbers to understand the prices. One example is that some of those great deals you see, they are not available to the general buyer, you have to know someone at the bank to get that kind of deal; it’s just the San Diego way….

[Anonymous]

Values in Santaluz are a little tricky. You can have a million dollar production home on the same street as a $6 Million dollar custom home. Even production homes on the same street from the same builder can sell for $300,000 differences. The reason for this is that land in Santaluz is not expensive; you can get an acre lot for under $400,000. The value of properties in Santaluz is related more to things like does it have a view, proximity to Camino Del Sur (that same one acre lot with a view and no road noise is closer to $1 Million) and the quality of the upgrades and finishes of the home. Therefore, you can’t just look at comps via zillow, you really do need to know the houses behind those numbers to understand the prices. One example is that some of those great deals you see, they are not available to the general buyer, you have to know someone at the bank to get that kind of deal; it’s just the San Diego way….

[Anonymous]

Values in Santaluz are a little tricky. You can have a million dollar production home on the same street as a $6 Million dollar custom home. Even production homes on the same street from the same builder can sell for $300,000 differences. The reason for this is that land in Santaluz is not expensive; you can get an acre lot for under $400,000. The value of properties in Santaluz is related more to things like does it have a view, proximity to Camino Del Sur (that same one acre lot with a view and no road noise is closer to $1 Million) and the quality of the upgrades and finishes of the home. Therefore, you can’t just look at comps via zillow, you really do need to know the houses behind those numbers to understand the prices. One example is that some of those great deals you see, they are not available to the general buyer, you have to know someone at the bank to get that kind of deal; it’s just the San Diego way….

[Anonymous]

Values in Santaluz are a little tricky. You can have a million dollar production home on the same street as a $6 Million dollar custom home. Even production homes on the same street from the same builder can sell for $300,000 differences. The reason for this is that land in Santaluz is not expensive; you can get an acre lot for under $400,000. The value of properties in Santaluz is related more to things like does it have a view, proximity to Camino Del Sur (that same one acre lot with a view and no road noise is closer to $1 Million) and the quality of the upgrades and finishes of the home. Therefore, you can’t just look at comps via zillow, you really do need to know the houses behind those numbers to understand the prices. One example is that some of those great deals you see, they are not available to the general buyer, you have to know someone at the bank to get that kind of deal; it’s just the San Diego way….

[kcal09]

Lately, I’ve noticed many properties in Santaluz on the market offered at amazing prices. I am wondering if we are entering the second phase of “double dip” now. Just curious to hear other opinions about buying opportunities at these levels.
One thing buyers may be reluctant are the high HOA’s and MR.

Same examples:

http://www.sdlookup.com/MLS-100033612-15566_Rising_River_Pl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-100044629-8144_Top_O_The_Morning_San_Diego_CA_92127

[kcal09]

Lately, I’ve noticed many properties in Santaluz on the market offered at amazing prices. I am wondering if we are entering the second phase of “double dip” now. Just curious to hear other opinions about buying opportunities at these levels.
One thing buyers may be reluctant are the high HOA’s and MR.

Same examples:

http://www.sdlookup.com/MLS-100033612-15566_Rising_River_Pl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-100044629-8144_Top_O_The_Morning_San_Diego_CA_92127

[kcal09]

Lately, I’ve noticed many properties in Santaluz on the market offered at amazing prices. I am wondering if we are entering the second phase of “double dip” now. Just curious to hear other opinions about buying opportunities at these levels.
One thing buyers may be reluctant are the high HOA’s and MR.

Same examples:

http://www.sdlookup.com/MLS-100033612-15566_Rising_River_Pl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-100044629-8144_Top_O_The_Morning_San_Diego_CA_92127

[kcal09]

Lately, I’ve noticed many properties in Santaluz on the market offered at amazing prices. I am wondering if we are entering the second phase of “double dip” now. Just curious to hear other opinions about buying opportunities at these levels.
One thing buyers may be reluctant are the high HOA’s and MR.

Same examples:

http://www.sdlookup.com/MLS-100033612-15566_Rising_River_Pl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-100044629-8144_Top_O_The_Morning_San_Diego_CA_92127

[kcal09]

Lately, I’ve noticed many properties in Santaluz on the market offered at amazing prices. I am wondering if we are entering the second phase of “double dip” now. Just curious to hear other opinions about buying opportunities at these levels.
One thing buyers may be reluctant are the high HOA’s and MR.

Same examples:

http://www.sdlookup.com/MLS-100033612-15566_Rising_River_Pl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-100044629-8144_Top_O_The_Morning_San_Diego_CA_92127

[ocrenter]

[quote=kcal09]Lately, I’ve noticed many properties in Santaluz on the market offered at amazing prices. I am wondering if we are entering the second phase of “double dip” now. Just curious to hear other opinions about buying opportunities at these levels.
One thing buyers may be reluctant are the high HOA’s and MR.

Same examples:

http://www.sdlookup.com/MLS-100033612-15566_Rising_River_Pl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-100044629-8144_Top_O_The_Morning_San_Diego_CA_92127%5B/quote%5D

except these are not santaluz homes, the first one is avaron in del sur, the second one is in crosby.

[ocrenter]

[quote=kcal09]Lately, I’ve noticed many properties in Santaluz on the market offered at amazing prices. I am wondering if we are entering the second phase of “double dip” now. Just curious to hear other opinions about buying opportunities at these levels.
One thing buyers may be reluctant are the high HOA’s and MR.

Same examples:

http://www.sdlookup.com/MLS-100033612-15566_Rising_River_Pl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-100044629-8144_Top_O_The_Morning_San_Diego_CA_92127%5B/quote%5D

except these are not santaluz homes, the first one is avaron in del sur, the second one is in crosby.

[ocrenter]

[quote=kcal09]Lately, I’ve noticed many properties in Santaluz on the market offered at amazing prices. I am wondering if we are entering the second phase of “double dip” now. Just curious to hear other opinions about buying opportunities at these levels.
One thing buyers may be reluctant are the high HOA’s and MR.

Same examples:

http://www.sdlookup.com/MLS-100033612-15566_Rising_River_Pl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-100044629-8144_Top_O_The_Morning_San_Diego_CA_92127%5B/quote%5D

except these are not santaluz homes, the first one is avaron in del sur, the second one is in crosby.

[ocrenter]

[quote=kcal09]Lately, I’ve noticed many properties in Santaluz on the market offered at amazing prices. I am wondering if we are entering the second phase of “double dip” now. Just curious to hear other opinions about buying opportunities at these levels.
One thing buyers may be reluctant are the high HOA’s and MR.

Same examples:

http://www.sdlookup.com/MLS-100033612-15566_Rising_River_Pl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-100044629-8144_Top_O_The_Morning_San_Diego_CA_92127%5B/quote%5D

except these are not santaluz homes, the first one is avaron in del sur, the second one is in crosby.

[Author]

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