Skyranch in Santee

[Zeitgeist]

I think Skyranch is trying to make the point about the amenities and upgrades and the night view. For old timers in San Diego County, Santee will always have an image problem. For those still in the market, it may be worth a second look. The schools are not bad and it is freeway close to most places. Like flu, the sticker shock for that area is a hard pill to swallow. Another issue is the size of the houses. I am not sure the builder did their homework when they put them there at those prices. However, if the builders are selling the models, they might be willing to make some close out deals for those who do not worry about a Santee address.

[Coronita]

[quote=SkyRanchOwner]

flu, $800k is for the fully furnished, fully upgraded Eaglepointe model on a large lot.

[/quote]

And like I said, $200k in upgrades to dress up a pig in Burberry or Cartier clothes doesn’t detract from the fact that the pig is still a pig.

Nor does dressing up a $30k Hyundai Genesis in $20k aftermarket accessories make the Genesis a comparable car to a Mercedes E350. People pay $50k to for Mercedes because it’s a Mercedes, doesn’t matter how “close” you think a $30k Genesis sedan with that extra $20k bling is “better”. There is nothing wrong with a Hyundai Genesis, but people who would pay $50k for that Hyundai Genesis I would seriously have to question their financial judgement. Sorry, not meant to be a hijack. Just trying to draw an analogy here. Sorry, upgrades for approximately $200k on a Santee home still doesn’t detract from the fact that the home is still in Santee.. These sort of upgrades no way you’re going to recoup in a resale. I’d say a good portion of this is problem cannot be recouped at resale time and the original buyer who paid for this upgrade is going to lose bigtime.

It’s the same thing for homes in Carmel Valley. I recall there was a home in PArdee Saratoga community that was selling for $1.3million, because of $300k in “upgrades”…Well, when push came to shove, those upgrades didn’t mean didly…Because when it was all said an done, why would someone pay $1.3million for a Saratoga home when the upper scale home Derby Hills were around the same price…Some people get carried away with upgrades and end up upgrading their home above their home’s “league”, and yet still think it’s “worth” that much.

[Coronita]

[quote=SkyRanchOwner]

flu, $800k is for the fully furnished, fully upgraded Eaglepointe model on a large lot.

[/quote]

And like I said, $200k in upgrades to dress up a pig in Burberry or Cartier clothes doesn’t detract from the fact that the pig is still a pig.

Nor does dressing up a $30k Hyundai Genesis in $20k aftermarket accessories make the Genesis a comparable car to a Mercedes E350. People pay $50k to for Mercedes because it’s a Mercedes, doesn’t matter how “close” you think a $30k Genesis sedan with that extra $20k bling is “better”. There is nothing wrong with a Hyundai Genesis, but people who would pay $50k for that Hyundai Genesis I would seriously have to question their financial judgement. Sorry, not meant to be a hijack. Just trying to draw an analogy here. Sorry, upgrades for approximately $200k on a Santee home still doesn’t detract from the fact that the home is still in Santee.. These sort of upgrades no way you’re going to recoup in a resale. I’d say a good portion of this is problem cannot be recouped at resale time and the original buyer who paid for this upgrade is going to lose bigtime.

It’s the same thing for homes in Carmel Valley. I recall there was a home in PArdee Saratoga community that was selling for $1.3million, because of $300k in “upgrades”…Well, when push came to shove, those upgrades didn’t mean didly…Because when it was all said an done, why would someone pay $1.3million for a Saratoga home when the upper scale home Derby Hills were around the same price…Some people get carried away with upgrades and end up upgrading their home above their home’s “league”, and yet still think it’s “worth” that much.

[Coronita]

[quote=SkyRanchOwner]

flu, $800k is for the fully furnished, fully upgraded Eaglepointe model on a large lot.

[/quote]

And like I said, $200k in upgrades to dress up a pig in Burberry or Cartier clothes doesn’t detract from the fact that the pig is still a pig.

Nor does dressing up a $30k Hyundai Genesis in $20k aftermarket accessories make the Genesis a comparable car to a Mercedes E350. People pay $50k to for Mercedes because it’s a Mercedes, doesn’t matter how “close” you think a $30k Genesis sedan with that extra $20k bling is “better”. There is nothing wrong with a Hyundai Genesis, but people who would pay $50k for that Hyundai Genesis I would seriously have to question their financial judgement. Sorry, not meant to be a hijack. Just trying to draw an analogy here. Sorry, upgrades for approximately $200k on a Santee home still doesn’t detract from the fact that the home is still in Santee.. These sort of upgrades no way you’re going to recoup in a resale. I’d say a good portion of this is problem cannot be recouped at resale time and the original buyer who paid for this upgrade is going to lose bigtime.

It’s the same thing for homes in Carmel Valley. I recall there was a home in PArdee Saratoga community that was selling for $1.3million, because of $300k in “upgrades”…Well, when push came to shove, those upgrades didn’t mean didly…Because when it was all said an done, why would someone pay $1.3million for a Saratoga home when the upper scale home Derby Hills were around the same price…Some people get carried away with upgrades and end up upgrading their home above their home’s “league”, and yet still think it’s “worth” that much.

[Coronita]

[quote=SkyRanchOwner]

flu, $800k is for the fully furnished, fully upgraded Eaglepointe model on a large lot.

[/quote]

And like I said, $200k in upgrades to dress up a pig in Burberry or Cartier clothes doesn’t detract from the fact that the pig is still a pig.

Nor does dressing up a $30k Hyundai Genesis in $20k aftermarket accessories make the Genesis a comparable car to a Mercedes E350. People pay $50k to for Mercedes because it’s a Mercedes, doesn’t matter how “close” you think a $30k Genesis sedan with that extra $20k bling is “better”. There is nothing wrong with a Hyundai Genesis, but people who would pay $50k for that Hyundai Genesis I would seriously have to question their financial judgement. Sorry, not meant to be a hijack. Just trying to draw an analogy here. Sorry, upgrades for approximately $200k on a Santee home still doesn’t detract from the fact that the home is still in Santee.. These sort of upgrades no way you’re going to recoup in a resale. I’d say a good portion of this is problem cannot be recouped at resale time and the original buyer who paid for this upgrade is going to lose bigtime.

It’s the same thing for homes in Carmel Valley. I recall there was a home in PArdee Saratoga community that was selling for $1.3million, because of $300k in “upgrades”…Well, when push came to shove, those upgrades didn’t mean didly…Because when it was all said an done, why would someone pay $1.3million for a Saratoga home when the upper scale home Derby Hills were around the same price…Some people get carried away with upgrades and end up upgrading their home above their home’s “league”, and yet still think it’s “worth” that much.

[Coronita]

[quote=SkyRanchOwner]

flu, $800k is for the fully furnished, fully upgraded Eaglepointe model on a large lot.

[/quote]

And like I said, $200k in upgrades to dress up a pig in Burberry or Cartier clothes doesn’t detract from the fact that the pig is still a pig.

Nor does dressing up a $30k Hyundai Genesis in $20k aftermarket accessories make the Genesis a comparable car to a Mercedes E350. People pay $50k to for Mercedes because it’s a Mercedes, doesn’t matter how “close” you think a $30k Genesis sedan with that extra $20k bling is “better”. There is nothing wrong with a Hyundai Genesis, but people who would pay $50k for that Hyundai Genesis I would seriously have to question their financial judgement. Sorry, not meant to be a hijack. Just trying to draw an analogy here. Sorry, upgrades for approximately $200k on a Santee home still doesn’t detract from the fact that the home is still in Santee.. These sort of upgrades no way you’re going to recoup in a resale. I’d say a good portion of this is problem cannot be recouped at resale time and the original buyer who paid for this upgrade is going to lose bigtime.

It’s the same thing for homes in Carmel Valley. I recall there was a home in PArdee Saratoga community that was selling for $1.3million, because of $300k in “upgrades”…Well, when push came to shove, those upgrades didn’t mean didly…Because when it was all said an done, why would someone pay $1.3million for a Saratoga home when the upper scale home Derby Hills were around the same price…Some people get carried away with upgrades and end up upgrading their home above their home’s “league”, and yet still think it’s “worth” that much.

[Aecetia]

I enjoyed looking at the models (on line) and I think for those have not been to Santee in awhile, it might be worth checking into. The pictures of the views were great. Maybe for some people they are overbuilt for the area in size and style, for others they just might be their cup of tea. For me, that is a lot more house than I need. I would also not want to pay for the upgrades or furniture, affordable or not.

[Aecetia]

I enjoyed looking at the models (on line) and I think for those have not been to Santee in awhile, it might be worth checking into. The pictures of the views were great. Maybe for some people they are overbuilt for the area in size and style, for others they just might be their cup of tea. For me, that is a lot more house than I need. I would also not want to pay for the upgrades or furniture, affordable or not.

[Aecetia]

I enjoyed looking at the models (on line) and I think for those have not been to Santee in awhile, it might be worth checking into. The pictures of the views were great. Maybe for some people they are overbuilt for the area in size and style, for others they just might be their cup of tea. For me, that is a lot more house than I need. I would also not want to pay for the upgrades or furniture, affordable or not.

[Aecetia]

I enjoyed looking at the models (on line) and I think for those have not been to Santee in awhile, it might be worth checking into. The pictures of the views were great. Maybe for some people they are overbuilt for the area in size and style, for others they just might be their cup of tea. For me, that is a lot more house than I need. I would also not want to pay for the upgrades or furniture, affordable or not.

[Aecetia]

I enjoyed looking at the models (on line) and I think for those have not been to Santee in awhile, it might be worth checking into. The pictures of the views were great. Maybe for some people they are overbuilt for the area in size and style, for others they just might be their cup of tea. For me, that is a lot more house than I need. I would also not want to pay for the upgrades or furniture, affordable or not.

[SkyRanchOwner]

I agree that location is a key factor in RE. Obviously people want to pay a premium for CV, LJ, RB, etc. All I’m trying to point out is that it’s not all that bad out in Santee since the Mayor has worked hard to upgrade the city.

Look at this link:
http://www.santeelakes.com/pdfs/SANTEE%20ECON%20OUTLOOK-May09%5B1%5D.pdf

Have you been to the New Town Center, or have you driven down Mission Gorge lately? I think if you have, you would see the changes. This isn’t the same old Santee anymore, and once the 52 is finished, you’ll get an affordable home with a decent/easy commute to the beach, Sorrento Valley, Fashion Valley, etc.

I think many people, who haven’t been to Santee in awhile, will be extremely suprised. Once you drive up the hill to Sky Ranch, you see that the community is very nice with great views. Homes at the very top in Eaglepointe can see to the ocean!

Don’t be so stuck on CV, RB, LJ, Carlsbad, etc. Yes, they are nice areas with great locations, but don’t be suprised if you still see another 10-20% drop in average prices once the shadow inventory hits those areas. Sky Ranch is very new, so there is less chance of that here. These homes were built in 2008, after the boom/crazy times. Not that we couldn’t see another 10% drop, it’s just that there is less of a chance of that out here, in my opinion, because a majority of the correction has already taken place.

PS – If it was so bad, then why do the homes continue to sell for all three level homes, NorthStar, Crestview, and Eaglepointe?

[SkyRanchOwner]

I agree that location is a key factor in RE. Obviously people want to pay a premium for CV, LJ, RB, etc. All I’m trying to point out is that it’s not all that bad out in Santee since the Mayor has worked hard to upgrade the city.

Look at this link:
http://www.santeelakes.com/pdfs/SANTEE%20ECON%20OUTLOOK-May09%5B1%5D.pdf

Have you been to the New Town Center, or have you driven down Mission Gorge lately? I think if you have, you would see the changes. This isn’t the same old Santee anymore, and once the 52 is finished, you’ll get an affordable home with a decent/easy commute to the beach, Sorrento Valley, Fashion Valley, etc.

I think many people, who haven’t been to Santee in awhile, will be extremely suprised. Once you drive up the hill to Sky Ranch, you see that the community is very nice with great views. Homes at the very top in Eaglepointe can see to the ocean!

Don’t be so stuck on CV, RB, LJ, Carlsbad, etc. Yes, they are nice areas with great locations, but don’t be suprised if you still see another 10-20% drop in average prices once the shadow inventory hits those areas. Sky Ranch is very new, so there is less chance of that here. These homes were built in 2008, after the boom/crazy times. Not that we couldn’t see another 10% drop, it’s just that there is less of a chance of that out here, in my opinion, because a majority of the correction has already taken place.

PS – If it was so bad, then why do the homes continue to sell for all three level homes, NorthStar, Crestview, and Eaglepointe?

[SkyRanchOwner]

I agree that location is a key factor in RE. Obviously people want to pay a premium for CV, LJ, RB, etc. All I’m trying to point out is that it’s not all that bad out in Santee since the Mayor has worked hard to upgrade the city.

Look at this link:
http://www.santeelakes.com/pdfs/SANTEE%20ECON%20OUTLOOK-May09%5B1%5D.pdf

Have you been to the New Town Center, or have you driven down Mission Gorge lately? I think if you have, you would see the changes. This isn’t the same old Santee anymore, and once the 52 is finished, you’ll get an affordable home with a decent/easy commute to the beach, Sorrento Valley, Fashion Valley, etc.

I think many people, who haven’t been to Santee in awhile, will be extremely suprised. Once you drive up the hill to Sky Ranch, you see that the community is very nice with great views. Homes at the very top in Eaglepointe can see to the ocean!

Don’t be so stuck on CV, RB, LJ, Carlsbad, etc. Yes, they are nice areas with great locations, but don’t be suprised if you still see another 10-20% drop in average prices once the shadow inventory hits those areas. Sky Ranch is very new, so there is less chance of that here. These homes were built in 2008, after the boom/crazy times. Not that we couldn’t see another 10% drop, it’s just that there is less of a chance of that out here, in my opinion, because a majority of the correction has already taken place.

PS – If it was so bad, then why do the homes continue to sell for all three level homes, NorthStar, Crestview, and Eaglepointe?

[SkyRanchOwner]

I agree that location is a key factor in RE. Obviously people want to pay a premium for CV, LJ, RB, etc. All I’m trying to point out is that it’s not all that bad out in Santee since the Mayor has worked hard to upgrade the city.

Look at this link:
http://www.santeelakes.com/pdfs/SANTEE%20ECON%20OUTLOOK-May09%5B1%5D.pdf

Have you been to the New Town Center, or have you driven down Mission Gorge lately? I think if you have, you would see the changes. This isn’t the same old Santee anymore, and once the 52 is finished, you’ll get an affordable home with a decent/easy commute to the beach, Sorrento Valley, Fashion Valley, etc.

I think many people, who haven’t been to Santee in awhile, will be extremely suprised. Once you drive up the hill to Sky Ranch, you see that the community is very nice with great views. Homes at the very top in Eaglepointe can see to the ocean!

Don’t be so stuck on CV, RB, LJ, Carlsbad, etc. Yes, they are nice areas with great locations, but don’t be suprised if you still see another 10-20% drop in average prices once the shadow inventory hits those areas. Sky Ranch is very new, so there is less chance of that here. These homes were built in 2008, after the boom/crazy times. Not that we couldn’t see another 10% drop, it’s just that there is less of a chance of that out here, in my opinion, because a majority of the correction has already taken place.

PS – If it was so bad, then why do the homes continue to sell for all three level homes, NorthStar, Crestview, and Eaglepointe?

[Author]

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