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SD Realtor.
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March 17, 2009 at 3:57 PM #368828March 17, 2009 at 4:50 PM #368271
Anonymous
GuestSD Realtor wrote:
“My read on Scripps (and I can tell you about every listing here because I scrutinize them bigtime for myself) is that it should depreciate in a stronger manner if you can wait another 1-2 years. Old Scripps has depreciated slower then Stonebridge due to stronger leverage in that area.I would say this, I think alot of places that you are looking at in the 800-900 range will be down 10-15% in 2 years.”
Do you think the “Scripps Ranch Villages” will also come down at a similar rate? What kind of premium should homes with ocean views receive?
Thanks!March 17, 2009 at 4:50 PM #368557GuestSD Realtor wrote:
“My read on Scripps (and I can tell you about every listing here because I scrutinize them bigtime for myself) is that it should depreciate in a stronger manner if you can wait another 1-2 years. Old Scripps has depreciated slower then Stonebridge due to stronger leverage in that area.I would say this, I think alot of places that you are looking at in the 800-900 range will be down 10-15% in 2 years.”
Do you think the “Scripps Ranch Villages” will also come down at a similar rate? What kind of premium should homes with ocean views receive?
Thanks!March 17, 2009 at 4:50 PM #368725GuestSD Realtor wrote:
“My read on Scripps (and I can tell you about every listing here because I scrutinize them bigtime for myself) is that it should depreciate in a stronger manner if you can wait another 1-2 years. Old Scripps has depreciated slower then Stonebridge due to stronger leverage in that area.I would say this, I think alot of places that you are looking at in the 800-900 range will be down 10-15% in 2 years.”
Do you think the “Scripps Ranch Villages” will also come down at a similar rate? What kind of premium should homes with ocean views receive?
Thanks!March 17, 2009 at 4:50 PM #368762GuestSD Realtor wrote:
“My read on Scripps (and I can tell you about every listing here because I scrutinize them bigtime for myself) is that it should depreciate in a stronger manner if you can wait another 1-2 years. Old Scripps has depreciated slower then Stonebridge due to stronger leverage in that area.I would say this, I think alot of places that you are looking at in the 800-900 range will be down 10-15% in 2 years.”
Do you think the “Scripps Ranch Villages” will also come down at a similar rate? What kind of premium should homes with ocean views receive?
Thanks!March 17, 2009 at 4:50 PM #368878GuestSD Realtor wrote:
“My read on Scripps (and I can tell you about every listing here because I scrutinize them bigtime for myself) is that it should depreciate in a stronger manner if you can wait another 1-2 years. Old Scripps has depreciated slower then Stonebridge due to stronger leverage in that area.I would say this, I think alot of places that you are looking at in the 800-900 range will be down 10-15% in 2 years.”
Do you think the “Scripps Ranch Villages” will also come down at a similar rate? What kind of premium should homes with ocean views receive?
Thanks!March 17, 2009 at 5:15 PM #368281SD Realtor
ParticipantFunny about a divergence. I assume you are talking about all the homes at the top of the hill off of Winding Ridge correct? I only ask that because of the townhomes on Miro Circle also are sometimes referred to as sitting in Scripps Ranch Village.
Anyways I see Scripps breaking down kind of as follows:
Stonebridge taking the biggest hit because so much of it was built out at the peak. The homes a big and the lots are decent, as it is not nearly as crammed in as 4S but accessibility is tough. Also the worst part of Stonebridge is on the most accessible part of it. That means to get to the higher end homes you have to go more and more east. That kind of blows.
I think that alot of the homes in the Cypress Canyon area, Americana and stuff like that will fall a little heavier then old Scripps but not by to much. These homes all ran up pretty fast as they were 1990s era stuff. Not huge lots and the homes take up alot of each lot. Still though, good strong community, alot easier accessibility although Scripps Poway Parkway is not to fun, it still beats Pomerado.
Old Scripps both north and south of Pomerado will follow act in a similar manner.
The Villages up on the top of the hill do offer easy accessibility and in some cases some pretty darn nice views. Noise from 15 can be a problem. Conversely they do have MR and HOA fees as well. However Old Scripps south of Pomerado has HOA and that sucks. Also the MR of the homes in the Villages are less then Stonebridge. There have been some distress sales in the Villages but not nearly as many as Stonebridge so yes I think there is a little more built in value up there for obvious reasons. Now will it result in a much more robust safety net? Probably not BUT there will also be less inventory available up there. So the decline may not match it identically but will it be similar? Probably. Sorry if I am being to ambiguous.
March 17, 2009 at 5:15 PM #368567ParticipantFunny about a divergence. I assume you are talking about all the homes at the top of the hill off of Winding Ridge correct? I only ask that because of the townhomes on Miro Circle also are sometimes referred to as sitting in Scripps Ranch Village.
Anyways I see Scripps breaking down kind of as follows:
Stonebridge taking the biggest hit because so much of it was built out at the peak. The homes a big and the lots are decent, as it is not nearly as crammed in as 4S but accessibility is tough. Also the worst part of Stonebridge is on the most accessible part of it. That means to get to the higher end homes you have to go more and more east. That kind of blows.
I think that alot of the homes in the Cypress Canyon area, Americana and stuff like that will fall a little heavier then old Scripps but not by to much. These homes all ran up pretty fast as they were 1990s era stuff. Not huge lots and the homes take up alot of each lot. Still though, good strong community, alot easier accessibility although Scripps Poway Parkway is not to fun, it still beats Pomerado.
Old Scripps both north and south of Pomerado will follow act in a similar manner.
The Villages up on the top of the hill do offer easy accessibility and in some cases some pretty darn nice views. Noise from 15 can be a problem. Conversely they do have MR and HOA fees as well. However Old Scripps south of Pomerado has HOA and that sucks. Also the MR of the homes in the Villages are less then Stonebridge. There have been some distress sales in the Villages but not nearly as many as Stonebridge so yes I think there is a little more built in value up there for obvious reasons. Now will it result in a much more robust safety net? Probably not BUT there will also be less inventory available up there. So the decline may not match it identically but will it be similar? Probably. Sorry if I am being to ambiguous.
March 17, 2009 at 5:15 PM #368735ParticipantFunny about a divergence. I assume you are talking about all the homes at the top of the hill off of Winding Ridge correct? I only ask that because of the townhomes on Miro Circle also are sometimes referred to as sitting in Scripps Ranch Village.
Anyways I see Scripps breaking down kind of as follows:
Stonebridge taking the biggest hit because so much of it was built out at the peak. The homes a big and the lots are decent, as it is not nearly as crammed in as 4S but accessibility is tough. Also the worst part of Stonebridge is on the most accessible part of it. That means to get to the higher end homes you have to go more and more east. That kind of blows.
I think that alot of the homes in the Cypress Canyon area, Americana and stuff like that will fall a little heavier then old Scripps but not by to much. These homes all ran up pretty fast as they were 1990s era stuff. Not huge lots and the homes take up alot of each lot. Still though, good strong community, alot easier accessibility although Scripps Poway Parkway is not to fun, it still beats Pomerado.
Old Scripps both north and south of Pomerado will follow act in a similar manner.
The Villages up on the top of the hill do offer easy accessibility and in some cases some pretty darn nice views. Noise from 15 can be a problem. Conversely they do have MR and HOA fees as well. However Old Scripps south of Pomerado has HOA and that sucks. Also the MR of the homes in the Villages are less then Stonebridge. There have been some distress sales in the Villages but not nearly as many as Stonebridge so yes I think there is a little more built in value up there for obvious reasons. Now will it result in a much more robust safety net? Probably not BUT there will also be less inventory available up there. So the decline may not match it identically but will it be similar? Probably. Sorry if I am being to ambiguous.
March 17, 2009 at 5:15 PM #368772ParticipantFunny about a divergence. I assume you are talking about all the homes at the top of the hill off of Winding Ridge correct? I only ask that because of the townhomes on Miro Circle also are sometimes referred to as sitting in Scripps Ranch Village.
Anyways I see Scripps breaking down kind of as follows:
Stonebridge taking the biggest hit because so much of it was built out at the peak. The homes a big and the lots are decent, as it is not nearly as crammed in as 4S but accessibility is tough. Also the worst part of Stonebridge is on the most accessible part of it. That means to get to the higher end homes you have to go more and more east. That kind of blows.
I think that alot of the homes in the Cypress Canyon area, Americana and stuff like that will fall a little heavier then old Scripps but not by to much. These homes all ran up pretty fast as they were 1990s era stuff. Not huge lots and the homes take up alot of each lot. Still though, good strong community, alot easier accessibility although Scripps Poway Parkway is not to fun, it still beats Pomerado.
Old Scripps both north and south of Pomerado will follow act in a similar manner.
The Villages up on the top of the hill do offer easy accessibility and in some cases some pretty darn nice views. Noise from 15 can be a problem. Conversely they do have MR and HOA fees as well. However Old Scripps south of Pomerado has HOA and that sucks. Also the MR of the homes in the Villages are less then Stonebridge. There have been some distress sales in the Villages but not nearly as many as Stonebridge so yes I think there is a little more built in value up there for obvious reasons. Now will it result in a much more robust safety net? Probably not BUT there will also be less inventory available up there. So the decline may not match it identically but will it be similar? Probably. Sorry if I am being to ambiguous.
March 17, 2009 at 5:15 PM #368888ParticipantFunny about a divergence. I assume you are talking about all the homes at the top of the hill off of Winding Ridge correct? I only ask that because of the townhomes on Miro Circle also are sometimes referred to as sitting in Scripps Ranch Village.
Anyways I see Scripps breaking down kind of as follows:
Stonebridge taking the biggest hit because so much of it was built out at the peak. The homes a big and the lots are decent, as it is not nearly as crammed in as 4S but accessibility is tough. Also the worst part of Stonebridge is on the most accessible part of it. That means to get to the higher end homes you have to go more and more east. That kind of blows.
I think that alot of the homes in the Cypress Canyon area, Americana and stuff like that will fall a little heavier then old Scripps but not by to much. These homes all ran up pretty fast as they were 1990s era stuff. Not huge lots and the homes take up alot of each lot. Still though, good strong community, alot easier accessibility although Scripps Poway Parkway is not to fun, it still beats Pomerado.
Old Scripps both north and south of Pomerado will follow act in a similar manner.
The Villages up on the top of the hill do offer easy accessibility and in some cases some pretty darn nice views. Noise from 15 can be a problem. Conversely they do have MR and HOA fees as well. However Old Scripps south of Pomerado has HOA and that sucks. Also the MR of the homes in the Villages are less then Stonebridge. There have been some distress sales in the Villages but not nearly as many as Stonebridge so yes I think there is a little more built in value up there for obvious reasons. Now will it result in a much more robust safety net? Probably not BUT there will also be less inventory available up there. So the decline may not match it identically but will it be similar? Probably. Sorry if I am being to ambiguous.
March 21, 2009 at 3:54 PM #371068ParticipantGoUSC you may want to check out 12735 Fairbrook.
It is scheduled to go to trustee sale on 3/30/09. Not sure if it has been delayed or not but I “think” the judgement amount is 628k. Not sure what the starting bid will be for the home and for all I know it may be a junker.
Just thought you may want to take advantage of that tip.
March 21, 2009 at 3:54 PM #371357ParticipantGoUSC you may want to check out 12735 Fairbrook.
It is scheduled to go to trustee sale on 3/30/09. Not sure if it has been delayed or not but I “think” the judgement amount is 628k. Not sure what the starting bid will be for the home and for all I know it may be a junker.
Just thought you may want to take advantage of that tip.
March 21, 2009 at 3:54 PM #371525ParticipantGoUSC you may want to check out 12735 Fairbrook.
It is scheduled to go to trustee sale on 3/30/09. Not sure if it has been delayed or not but I “think” the judgement amount is 628k. Not sure what the starting bid will be for the home and for all I know it may be a junker.
Just thought you may want to take advantage of that tip.
March 21, 2009 at 3:54 PM #371569ParticipantGoUSC you may want to check out 12735 Fairbrook.
It is scheduled to go to trustee sale on 3/30/09. Not sure if it has been delayed or not but I “think” the judgement amount is 628k. Not sure what the starting bid will be for the home and for all I know it may be a junker.
Just thought you may want to take advantage of that tip.
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