SEH Breakthrough Pricing

[waiting for bottom]

To use Temecula guy’s terminology, here is a bank REO with F*** Y** pricing.

http://www.sdlookup.com/MLS-081009826-1085_Brightwood_San_Marcos_CA_9207…

30% lower than original 2004 sale. 18% lower than another almost identical REO one street over. Next door neighbor (1089) is selling at $690K.

We have reached a new level of decline in SEH

[Eugene]

Nice but I wouldn’t call it breakthrough.

1085 Brightwood Dr: asking 535k for 2646 sf, mello-roos $267/mo
1008 Brightwood Dr: asking 499k for 2691 sf, mello-roos $302/mo
1732 Weatherwood Ct: asking 555k for 2935 sf, mello-roos $177/mo
1458 Golden Sunset: asking 549k for 2800 sf, mello-roos $206/mo

[Eugene]

Nice but I wouldn’t call it breakthrough.

1085 Brightwood Dr: asking 535k for 2646 sf, mello-roos $267/mo
1008 Brightwood Dr: asking 499k for 2691 sf, mello-roos $302/mo
1732 Weatherwood Ct: asking 555k for 2935 sf, mello-roos $177/mo
1458 Golden Sunset: asking 549k for 2800 sf, mello-roos $206/mo

[Eugene]

Nice but I wouldn’t call it breakthrough.

1085 Brightwood Dr: asking 535k for 2646 sf, mello-roos $267/mo
1008 Brightwood Dr: asking 499k for 2691 sf, mello-roos $302/mo
1732 Weatherwood Ct: asking 555k for 2935 sf, mello-roos $177/mo
1458 Golden Sunset: asking 549k for 2800 sf, mello-roos $206/mo

[Eugene]

Nice but I wouldn’t call it breakthrough.

1085 Brightwood Dr: asking 535k for 2646 sf, mello-roos $267/mo
1008 Brightwood Dr: asking 499k for 2691 sf, mello-roos $302/mo
1732 Weatherwood Ct: asking 555k for 2935 sf, mello-roos $177/mo
1458 Golden Sunset: asking 549k for 2800 sf, mello-roos $206/mo

[Eugene]

Nice but I wouldn’t call it breakthrough.

1085 Brightwood Dr: asking 535k for 2646 sf, mello-roos $267/mo
1008 Brightwood Dr: asking 499k for 2691 sf, mello-roos $302/mo
1732 Weatherwood Ct: asking 555k for 2935 sf, mello-roos $177/mo
1458 Golden Sunset: asking 549k for 2800 sf, mello-roos $206/mo

[Bugs]

I saw a couple actives of 2005yb homes in 92078 listed for under $300k. Both were listed for $200k less than their 2006 purchase price. That’s 40% in my book.

And they said it would never happen.

This correction is now moving a lot faster than I ever thought it would. It has taken on a life of its own. No amount of outside stimulus is going to change it’s course.

Commercial real estate is next, and I predict its downfall will be even faster.

[Bugs]

I saw a couple actives of 2005yb homes in 92078 listed for under $300k. Both were listed for $200k less than their 2006 purchase price. That’s 40% in my book.

And they said it would never happen.

This correction is now moving a lot faster than I ever thought it would. It has taken on a life of its own. No amount of outside stimulus is going to change it’s course.

Commercial real estate is next, and I predict its downfall will be even faster.

[Bugs]

I saw a couple actives of 2005yb homes in 92078 listed for under $300k. Both were listed for $200k less than their 2006 purchase price. That’s 40% in my book.

And they said it would never happen.

This correction is now moving a lot faster than I ever thought it would. It has taken on a life of its own. No amount of outside stimulus is going to change it’s course.

Commercial real estate is next, and I predict its downfall will be even faster.

[Bugs]

I saw a couple actives of 2005yb homes in 92078 listed for under $300k. Both were listed for $200k less than their 2006 purchase price. That’s 40% in my book.

And they said it would never happen.

This correction is now moving a lot faster than I ever thought it would. It has taken on a life of its own. No amount of outside stimulus is going to change it’s course.

Commercial real estate is next, and I predict its downfall will be even faster.

[Bugs]

I saw a couple actives of 2005yb homes in 92078 listed for under $300k. Both were listed for $200k less than their 2006 purchase price. That’s 40% in my book.

And they said it would never happen.

This correction is now moving a lot faster than I ever thought it would. It has taken on a life of its own. No amount of outside stimulus is going to change it’s course.

Commercial real estate is next, and I predict its downfall will be even faster.

[waiting for bottom]

Emith – You are missing my ‘ground’s eye’ view. I have been inside just about every SEH house on the market.

1008 Brightwood – Yard is torn apart and has a partial pool in the back that will need about $50K to complete. It’s on the corner of a semi-busy street. 1085 Brightwood is at the end of a cul-de-sac with an ocean view.

1732 Weatherwood is not in SEH, it’s in OCR. In any event, it backs onto San Elijo Road.

1458 Golden Sunset is all rundown and has zero upgrades.

Subject property (1085 Brightwood) is in excellent condition.

This is breakthrough pricing.

[waiting for bottom]

Emith – You are missing my ‘ground’s eye’ view. I have been inside just about every SEH house on the market.

1008 Brightwood – Yard is torn apart and has a partial pool in the back that will need about $50K to complete. It’s on the corner of a semi-busy street. 1085 Brightwood is at the end of a cul-de-sac with an ocean view.

1732 Weatherwood is not in SEH, it’s in OCR. In any event, it backs onto San Elijo Road.

1458 Golden Sunset is all rundown and has zero upgrades.

Subject property (1085 Brightwood) is in excellent condition.

This is breakthrough pricing.

[waiting for bottom]

Emith – You are missing my ‘ground’s eye’ view. I have been inside just about every SEH house on the market.

1008 Brightwood – Yard is torn apart and has a partial pool in the back that will need about $50K to complete. It’s on the corner of a semi-busy street. 1085 Brightwood is at the end of a cul-de-sac with an ocean view.

1732 Weatherwood is not in SEH, it’s in OCR. In any event, it backs onto San Elijo Road.

1458 Golden Sunset is all rundown and has zero upgrades.

Subject property (1085 Brightwood) is in excellent condition.

This is breakthrough pricing.

[waiting for bottom]

Emith – You are missing my ‘ground’s eye’ view. I have been inside just about every SEH house on the market.

1008 Brightwood – Yard is torn apart and has a partial pool in the back that will need about $50K to complete. It’s on the corner of a semi-busy street. 1085 Brightwood is at the end of a cul-de-sac with an ocean view.

1732 Weatherwood is not in SEH, it’s in OCR. In any event, it backs onto San Elijo Road.

1458 Golden Sunset is all rundown and has zero upgrades.

Subject property (1085 Brightwood) is in excellent condition.

This is breakthrough pricing.

[Author]

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