Scripps and Mira Mesa Monitor

[SD Realtor]

Okay guys… trying to keep my promise from earlier today. This will be the baseline post. It will be for detached homes only, it will be for the 92131 and 92126 zip codes. While these two zip codes are adjacent there is a fairly wide disparity in median income so it will be an interesting set of data.

First off, props to sdr for starting and continuing both the short sale monitor and the carmel valley monitor.

With that said…

7/2/07 – 92131

Actives – 114
Pendings – 44

Change from last week (unknown)

Closed escrows (sold) in the past week – 7
New pendings from 1 week ago – 4
New withdrawns from 1 week ago – 1
New cancelled from 1 week ago – 1
No new expireds

*****************

7/2/07 – 92126

Actives – 174
Pendings – 60

Change from last week (unknown)

Closed escrows (sold) in the past week – 7
New pendings from 1 week ago – 10
New withdrawns from 1 week ago – 2
New cancelled from 1 week ago – 4
New expired from 1 week ago – 5

[renter]

Scripps Ranch:

http://www.sdlookup.com/Property-F5708852-12844_Hideaway_Ln_San_Diego_CA_92131

65k less than 10/2004 price
160 DOM

[renter]

Scripps Ranch:

http://www.sdlookup.com/Property-F5708852-12844_Hideaway_Ln_San_Diego_CA_92131

65k less than 10/2004 price
160 DOM

[g2006]

Another 40k+ loss in scripps

http://www.sdlookup.com/Property-07D3BF71-10837_Caminito_Arcada_San_Diego_CA_92131

List Price: $550,000

04/08/2005 $590,000
09/05/1996 $167,990

[g2006]

Another 40k+ loss in scripps

http://www.sdlookup.com/Property-07D3BF71-10837_Caminito_Arcada_San_Diego_CA_92131

List Price: $550,000

04/08/2005 $590,000
09/05/1996 $167,990

[sdrealtor]

One quick tip that has helped me a lot. Pick a day and time to run the numbers to keep them as consistent as possible.

I run my submarket numbers (Active and Pendings only) as well as the Short Sale (actives) and SD County Inventory numbers (actives) every Monday after lunch. I do it this way because it is a snapshot in time.

For Carmel Valley, I am running a week to week comparison of what’s happening. In this case, I use the “days back” search and wait a day or two after the end of my tracking period to allow for some late reporting.

Cheers

[sdrealtor]

One quick tip that has helped me a lot. Pick a day and time to run the numbers to keep them as consistent as possible.

I run my submarket numbers (Active and Pendings only) as well as the Short Sale (actives) and SD County Inventory numbers (actives) every Monday after lunch. I do it this way because it is a snapshot in time.

For Carmel Valley, I am running a week to week comparison of what’s happening. In this case, I use the “days back” search and wait a day or two after the end of my tracking period to allow for some late reporting.

Cheers

[what_a_disasta]

Whats the market like down in Stonebridge, 92131? I went to see the models back in ’04 and they seemed like nice buildings, but a little bit far into the boonies for my taste.

I saw this one:

http://housing-crash.com/2007/06/24/potential-350k-loss-in-scripps-ranch.asp

and wondered whether that was indicitive of a general post bubble malaise down there, or is that an exceptional case?

[what_a_disasta]

Whats the market like down in Stonebridge, 92131? I went to see the models back in ’04 and they seemed like nice buildings, but a little bit far into the boonies for my taste.

I saw this one:

http://housing-crash.com/2007/06/24/potential-350k-loss-in-scripps-ranch.asp

and wondered whether that was indicitive of a general post bubble malaise down there, or is that an exceptional case?

[SD Realtor]

sdr thanks for the tip. I will be doing a Wed – Wed week so to speak.

Disasta, Stonebridge is should have your username on it… I have seen several short sales there already. To me it is going to be hit pretty hard and is already taking on water…

Characterwise it is not my type of town… The homes are okay, big homes, okay sized lots but to me it just looks like east east east (and a little south) extension of Carmel Valley… lost of scrub hills flattened out with pads and built to the hilt with 800k – 2M dollar homes. Nothing against it… just not my cup o tea.

SD Realtor

[SD Realtor]

sdr thanks for the tip. I will be doing a Wed – Wed week so to speak.

Disasta, Stonebridge is should have your username on it… I have seen several short sales there already. To me it is going to be hit pretty hard and is already taking on water…

Characterwise it is not my type of town… The homes are okay, big homes, okay sized lots but to me it just looks like east east east (and a little south) extension of Carmel Valley… lost of scrub hills flattened out with pads and built to the hilt with 800k – 2M dollar homes. Nothing against it… just not my cup o tea.

SD Realtor

[MANmom]

This area also has hefty mello-roos taxes and HOAs…no wonder they are selling short.

[MANmom]

This area also has hefty mello-roos taxes and HOAs…no wonder they are selling short.

[SD Realtor]

Update time.

7/10/07 – 92131

Total Actives – 116
Total Pendings – 44

Closed escrows (sold) in the past week – 4
New listings added in the past week – 11
New pendings from 1 week ago – 6
New withdrawns from 1 week ago – 0
New cancelled from 1 week ago – 1
New expireds from 1 week ago – 2

So aggregate gain for listings active is + 2.

*****************

7/10/07 – 92126

Actives – 188
Pendings – 56

Closed escrows (sold) in the past week – 3
New listings since last week – 20!
New pendings from 1 week ago – 6
New withdrawns from 1 week ago – 3
New cancelled from 1 week ago – 4
New expired from 1 week ago – 1

Aggregate gain for listings active is +14

SD Realtor

[SD Realtor]

Update time.

7/10/07 – 92131

Total Actives – 116
Total Pendings – 44

Closed escrows (sold) in the past week – 4
New listings added in the past week – 11
New pendings from 1 week ago – 6
New withdrawns from 1 week ago – 0
New cancelled from 1 week ago – 1
New expireds from 1 week ago – 2

So aggregate gain for listings active is + 2.

*****************

7/10/07 – 92126

Actives – 188
Pendings – 56

Closed escrows (sold) in the past week – 3
New listings since last week – 20!
New pendings from 1 week ago – 6
New withdrawns from 1 week ago – 3
New cancelled from 1 week ago – 4
New expired from 1 week ago – 1

Aggregate gain for listings active is +14

SD Realtor

[Author]

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