Skyranch in Santee

[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?

[sdrealtor]

SRO
What you fail to understand is that Santee (like the other CV and san marcos) took bigger hits already ebcause they inflated at a much higher percentage than CV, RB, LJ and Carlsbad. They had to fall farther to restore the historical premium for better located communities. Sadly Sky Ranch has just as much if not more downside ahead of it because it is treading in new untested higher markets that the others have traded in solidly for decades.

[sdrealtor]

SRO
What you fail to understand is that Santee (like the other CV and san marcos) took bigger hits already ebcause they inflated at a much higher percentage than CV, RB, LJ and Carlsbad. They had to fall farther to restore the historical premium for better located communities. Sadly Sky Ranch has just as much if not more downside ahead of it because it is treading in new untested higher markets that the others have traded in solidly for decades.

[sdrealtor]

SRO
What you fail to understand is that Santee (like the other CV and san marcos) took bigger hits already ebcause they inflated at a much higher percentage than CV, RB, LJ and Carlsbad. They had to fall farther to restore the historical premium for better located communities. Sadly Sky Ranch has just as much if not more downside ahead of it because it is treading in new untested higher markets that the others have traded in solidly for decades.

[sdrealtor]

SRO
What you fail to understand is that Santee (like the other CV and san marcos) took bigger hits already ebcause they inflated at a much higher percentage than CV, RB, LJ and Carlsbad. They had to fall farther to restore the historical premium for better located communities. Sadly Sky Ranch has just as much if not more downside ahead of it because it is treading in new untested higher markets that the others have traded in solidly for decades.

[sdrealtor]

SRO
What you fail to understand is that Santee (like the other CV and san marcos) took bigger hits already ebcause they inflated at a much higher percentage than CV, RB, LJ and Carlsbad. They had to fall farther to restore the historical premium for better located communities. Sadly Sky Ranch has just as much if not more downside ahead of it because it is treading in new untested higher markets that the others have traded in solidly for decades.

[Coronita]

[quote=SkyRanchOwner]
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.

[/quote]

Trust me, we’re not stuck on these locations (at least I’m not). It’s just logical if you look over the entire landscape of RE in San Diego..I think the disconnect here is your opinion is that Santee is Tier 1 RE in San Diego, comparable to those other mentioned areas.. It’s not tier 1.Heck, I don’t think neither 4S or Carmel Valley is tier 1 to begin with…LJ and DelMar probably are pretty close to tier 1….

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

Define “selling well” when it comes to these $800k homes? .And if they are selling well, aren’t you contradicting yourself, by pointing out that this is a screaming deal at $790k because the price is now lower…Why are prices lower now if they are selling well?

Again, I think if you like Santee because it’s Santee, then all more power to you. It’s just it sounds a lot like trying to convince oneself/everyone else Santee is on par with LJ/CV/4S. Like a buyer of an Audi who spent less out the door and then added aftermarket mods and thinks it’s a BMW M3. Sorry, not in the same league.

My own personal rule of thumb when it comes to home upgrades is: only do those upgrades whose total cost still keeps your home in the same league. The moment your upgrade costs + home costs start exceeding the next best league of homes, it’s either time to sell your home and buy the other one OR suck up the cost of your upgrades, knowing you won’t be able to recoup it at resale time.

[Coronita]

[quote=SkyRanchOwner]
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.

[/quote]

Trust me, we’re not stuck on these locations (at least I’m not). It’s just logical if you look over the entire landscape of RE in San Diego..I think the disconnect here is your opinion is that Santee is Tier 1 RE in San Diego, comparable to those other mentioned areas.. It’s not tier 1.Heck, I don’t think neither 4S or Carmel Valley is tier 1 to begin with…LJ and DelMar probably are pretty close to tier 1….

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

Define “selling well” when it comes to these $800k homes? .And if they are selling well, aren’t you contradicting yourself, by pointing out that this is a screaming deal at $790k because the price is now lower…Why are prices lower now if they are selling well?

Again, I think if you like Santee because it’s Santee, then all more power to you. It’s just it sounds a lot like trying to convince oneself/everyone else Santee is on par with LJ/CV/4S. Like a buyer of an Audi who spent less out the door and then added aftermarket mods and thinks it’s a BMW M3. Sorry, not in the same league.

My own personal rule of thumb when it comes to home upgrades is: only do those upgrades whose total cost still keeps your home in the same league. The moment your upgrade costs + home costs start exceeding the next best league of homes, it’s either time to sell your home and buy the other one OR suck up the cost of your upgrades, knowing you won’t be able to recoup it at resale time.

[Coronita]

[quote=SkyRanchOwner]
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.

[/quote]

Trust me, we’re not stuck on these locations (at least I’m not). It’s just logical if you look over the entire landscape of RE in San Diego..I think the disconnect here is your opinion is that Santee is Tier 1 RE in San Diego, comparable to those other mentioned areas.. It’s not tier 1.Heck, I don’t think neither 4S or Carmel Valley is tier 1 to begin with…LJ and DelMar probably are pretty close to tier 1….

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

Define “selling well” when it comes to these $800k homes? .And if they are selling well, aren’t you contradicting yourself, by pointing out that this is a screaming deal at $790k because the price is now lower…Why are prices lower now if they are selling well?

Again, I think if you like Santee because it’s Santee, then all more power to you. It’s just it sounds a lot like trying to convince oneself/everyone else Santee is on par with LJ/CV/4S. Like a buyer of an Audi who spent less out the door and then added aftermarket mods and thinks it’s a BMW M3. Sorry, not in the same league.

My own personal rule of thumb when it comes to home upgrades is: only do those upgrades whose total cost still keeps your home in the same league. The moment your upgrade costs + home costs start exceeding the next best league of homes, it’s either time to sell your home and buy the other one OR suck up the cost of your upgrades, knowing you won’t be able to recoup it at resale time.

[Coronita]

[quote=SkyRanchOwner]
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.

[/quote]

Trust me, we’re not stuck on these locations (at least I’m not). It’s just logical if you look over the entire landscape of RE in San Diego..I think the disconnect here is your opinion is that Santee is Tier 1 RE in San Diego, comparable to those other mentioned areas.. It’s not tier 1.Heck, I don’t think neither 4S or Carmel Valley is tier 1 to begin with…LJ and DelMar probably are pretty close to tier 1….

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

Define “selling well” when it comes to these $800k homes? .And if they are selling well, aren’t you contradicting yourself, by pointing out that this is a screaming deal at $790k because the price is now lower…Why are prices lower now if they are selling well?

Again, I think if you like Santee because it’s Santee, then all more power to you. It’s just it sounds a lot like trying to convince oneself/everyone else Santee is on par with LJ/CV/4S. Like a buyer of an Audi who spent less out the door and then added aftermarket mods and thinks it’s a BMW M3. Sorry, not in the same league.

My own personal rule of thumb when it comes to home upgrades is: only do those upgrades whose total cost still keeps your home in the same league. The moment your upgrade costs + home costs start exceeding the next best league of homes, it’s either time to sell your home and buy the other one OR suck up the cost of your upgrades, knowing you won’t be able to recoup it at resale time.

[Coronita]

[quote=SkyRanchOwner]
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.

[/quote]

Trust me, we’re not stuck on these locations (at least I’m not). It’s just logical if you look over the entire landscape of RE in San Diego..I think the disconnect here is your opinion is that Santee is Tier 1 RE in San Diego, comparable to those other mentioned areas.. It’s not tier 1.Heck, I don’t think neither 4S or Carmel Valley is tier 1 to begin with…LJ and DelMar probably are pretty close to tier 1….

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

Define “selling well” when it comes to these $800k homes? .And if they are selling well, aren’t you contradicting yourself, by pointing out that this is a screaming deal at $790k because the price is now lower…Why are prices lower now if they are selling well?

Again, I think if you like Santee because it’s Santee, then all more power to you. It’s just it sounds a lot like trying to convince oneself/everyone else Santee is on par with LJ/CV/4S. Like a buyer of an Audi who spent less out the door and then added aftermarket mods and thinks it’s a BMW M3. Sorry, not in the same league.

My own personal rule of thumb when it comes to home upgrades is: only do those upgrades whose total cost still keeps your home in the same league. The moment your upgrade costs + home costs start exceeding the next best league of homes, it’s either time to sell your home and buy the other one OR suck up the cost of your upgrades, knowing you won’t be able to recoup it at resale time.

[briansd1]

I absolutely agree with flu and sdrealtor. The prices at Skyranch are simply out of proportion.

10 years from now, the upgrades will be worthless.

Did you guys notice who the earth-tone browns of late are getting so tiresome and dated?

I have always believed that historical proportions will return, if you have enough patience.

[briansd1]

I absolutely agree with flu and sdrealtor. The prices at Skyranch are simply out of proportion.

10 years from now, the upgrades will be worthless.

Did you guys notice who the earth-tone browns of late are getting so tiresome and dated?

I have always believed that historical proportions will return, if you have enough patience.

[briansd1]

I absolutely agree with flu and sdrealtor. The prices at Skyranch are simply out of proportion.

10 years from now, the upgrades will be worthless.

Did you guys notice who the earth-tone browns of late are getting so tiresome and dated?

I have always believed that historical proportions will return, if you have enough patience.

[briansd1]

I absolutely agree with flu and sdrealtor. The prices at Skyranch are simply out of proportion.

10 years from now, the upgrades will be worthless.

Did you guys notice who the earth-tone browns of late are getting so tiresome and dated?

I have always believed that historical proportions will return, if you have enough patience.

[Author]

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