Serramar in La Mesa-good time to buy now?

[kcal09]

[quote=recordsclerk]7635 Seattle is scheduled for Trustees sale on 1/5/10. Maybe this is why they are in a hurry to get an offer in. I’m not sure the Bank will go for this price. There are also 7 more Serramar homes in either pre-forclosure or forclosure with dates set for Trustees. So far most of the homes that have gone to forclosure or sold short have been non-view homes. I can’t wait for the view homes to start selling. Most of these homes have very limited upgrades because the builder charged for everything.[/quote]

Any idea how many of these homes are currently underwater? It’s hard to believe that some of the homes sold for over $1 million!!

[sunny88]

There is no doubt that over 50% of these homes are underwater as most of them have dropped over 30% in value over the last 4 years.

[sunny88]

There is no doubt that over 50% of these homes are underwater as most of them have dropped over 30% in value over the last 4 years.

[sunny88]

There is no doubt that over 50% of these homes are underwater as most of them have dropped over 30% in value over the last 4 years.

[sunny88]

There is no doubt that over 50% of these homes are underwater as most of them have dropped over 30% in value over the last 4 years.

[sunny88]

There is no doubt that over 50% of these homes are underwater as most of them have dropped over 30% in value over the last 4 years.

[ocrenter]

just checked SDlookup, looks like prices are still in the high $500k range.

essentially prices have flatten out at roughly $160/sqft, or 35% off peak, even in La Mesa.

[ocrenter]

just checked SDlookup, looks like prices are still in the high $500k range.

essentially prices have flatten out at roughly $160/sqft, or 35% off peak, even in La Mesa.

[ocrenter]

just checked SDlookup, looks like prices are still in the high $500k range.

essentially prices have flatten out at roughly $160/sqft, or 35% off peak, even in La Mesa.

[ocrenter]

just checked SDlookup, looks like prices are still in the high $500k range.

essentially prices have flatten out at roughly $160/sqft, or 35% off peak, even in La Mesa.

[ocrenter]

just checked SDlookup, looks like prices are still in the high $500k range.

essentially prices have flatten out at roughly $160/sqft, or 35% off peak, even in La Mesa.

[evolusd]

I liked the smallest model of these homes – 2,077 sf. If they came down to the high $300k – low $400k range in the La Mesa school district side of the development (vs. Spring Valley), I’d consider buying one.

Think it’ll happen?

[evolusd]

I liked the smallest model of these homes – 2,077 sf. If they came down to the high $300k – low $400k range in the La Mesa school district side of the development (vs. Spring Valley), I’d consider buying one.

Think it’ll happen?

[evolusd]

I liked the smallest model of these homes – 2,077 sf. If they came down to the high $300k – low $400k range in the La Mesa school district side of the development (vs. Spring Valley), I’d consider buying one.

Think it’ll happen?

[evolusd]

I liked the smallest model of these homes – 2,077 sf. If they came down to the high $300k – low $400k range in the La Mesa school district side of the development (vs. Spring Valley), I’d consider buying one.

Think it’ll happen?

[Author]

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