Skyranch in Santee

[sunny88]

[quote=PKMAN]This thread is meant for perspective buyers to learn more about Sky Ranch and Santee. Most of us have biased opinion (myself included) since we’re not in the house hunting game and are happy where we are. We should really look from the perspective buyers’ point of view.

Sunny88, you’re currently living in MM and were looking to buy a home so perhaps we can get some insights from you:

– where did you initially look?
– did you know much about Santee before you started house hunting?
– initially, how high was Santee’s communities on your shopping list?
– if you didn’t know much about Santee previously, what do you think of it now?
– in your personal opinion, do you feel that Santee is on par, more or less desirable than MM?
– if you’re back in the house hunting game, would Santee still be on your list, assuming there are qualified selections here?[/quote]

We have been looking for a few years in different areas of SD county incl. Scripps Ranch, Carmel Valley and La Jolla. We initially did not look in the East County as it did not appeal to us due to lack of nice neighborhoods and heat in the summer. About 3 years ago we came across the new developments in Santee (Canopy Park and Skyranch). We liked the townhomes at Canopy Park and were considering to make an offer. However, the market started to deteriorate and we could not sell our condo in MM at the price we wanted.
We did not know much about Santee initially but were positively surprised after going there a few times. MM is definitely more convenient but it is not as nice as Santee as most building are older and crime rate has gone up lately.

[joec]

This is my take on Sky Ranch and Santee in general. We visited all the new Santee communities (Riverwalk, Skyranch) back in mid – late 2008. Some of the plan 3 Stoney Creek Riverwalk places were going for 550k or so then? Sky ranch Crestview was listing for 655k or so back then? I agree that when you get inside your home in Skyranch, it’s nice and quiet, but getting there isn’t so nice IMO.

On our first visit, we didn’t notice the run down strip mall (on mission gorge?), apartments right outside Skyranch, but on a subsequent visit, we just didn’t like what we saw getting there. People hanging around street corners and there being a few apartment complexes right outside the slope and checking the sex offender website, a few sex offenders living there as well was a big negative for us.

Another thing I noticed is that they advertise no MR, but when we first visited and about a year later, the HOA actually went up. If someone has old notes from 2008, 2009 and now, the HOA back then was “only” about $150 or so I think.

You also don’t get much for your HOA fee we felt and they had to raise the fee to pay for the slope maintenance (useless IMO). When we looked back then, only 2 of the 12 or 13 Crestview homes sold telling us that they were already overpriced and HOA fees had to go up to cover the maintenance (and it did). Maybe it’s better now, but advertising no MR and raising HOA left a bad taste in our mouth.

Another thing I’ve noticed is that Santee seems to be the dumping ground for the rest of San Diego. There is a dump there and I think Santee just lost a San Diego vote to expand the dump site there since it’s owned by “San Diego”. They are also expanding the jail I think. No one else wants it, let’s give it to Mikee, oops, Santee, they’ll take all our crap! That’s what it sounds like in the news…

On other subsequent visits, we also didn’t like the prospective homebuyers there. Economic segregation/discrimination is a great thing and being an older community, there is just too much lower priced housing stock in the area (not to mention the trailer park next to the 52) and the accompanying type of person there. That’s not everyone of course, but you get the idea.

I’m also curious how much you paid SRO if you don’t mind sharing a price range since when we compared prices back then, we felt there were much better values than Sky Ranch without the negative Santee (east county) stigma (however much there is).

As stated here, I think Crestview is now in the 500-550k range. I think some places in Del Sur offer that price point now (alleyway homes). There are new places in Carlsbad (smaller) there as well I think and with a 30 yr loan and a hundred or 2 more per month, I think most folks would spring for another location if possible. I think the new 4S homes start in the low 600s for one of the new developments.

That said, I just don’t think Sky Ranch is a great deal unless you HAVE to have some view (which we didn’t care for). In terms of housing resale value, it’s always better to be the least expensive house in your general area so you get lifted up by every other house than to be the 600-800k house in Santee when the avg home there is much much lower.

Hope this helps other prospective home shoppers.

[joec]

This is my take on Sky Ranch and Santee in general. We visited all the new Santee communities (Riverwalk, Skyranch) back in mid – late 2008. Some of the plan 3 Stoney Creek Riverwalk places were going for 550k or so then? Sky ranch Crestview was listing for 655k or so back then? I agree that when you get inside your home in Skyranch, it’s nice and quiet, but getting there isn’t so nice IMO.

On our first visit, we didn’t notice the run down strip mall (on mission gorge?), apartments right outside Skyranch, but on a subsequent visit, we just didn’t like what we saw getting there. People hanging around street corners and there being a few apartment complexes right outside the slope and checking the sex offender website, a few sex offenders living there as well was a big negative for us.

Another thing I noticed is that they advertise no MR, but when we first visited and about a year later, the HOA actually went up. If someone has old notes from 2008, 2009 and now, the HOA back then was “only” about $150 or so I think.

You also don’t get much for your HOA fee we felt and they had to raise the fee to pay for the slope maintenance (useless IMO). When we looked back then, only 2 of the 12 or 13 Crestview homes sold telling us that they were already overpriced and HOA fees had to go up to cover the maintenance (and it did). Maybe it’s better now, but advertising no MR and raising HOA left a bad taste in our mouth.

Another thing I’ve noticed is that Santee seems to be the dumping ground for the rest of San Diego. There is a dump there and I think Santee just lost a San Diego vote to expand the dump site there since it’s owned by “San Diego”. They are also expanding the jail I think. No one else wants it, let’s give it to Mikee, oops, Santee, they’ll take all our crap! That’s what it sounds like in the news…

On other subsequent visits, we also didn’t like the prospective homebuyers there. Economic segregation/discrimination is a great thing and being an older community, there is just too much lower priced housing stock in the area (not to mention the trailer park next to the 52) and the accompanying type of person there. That’s not everyone of course, but you get the idea.

I’m also curious how much you paid SRO if you don’t mind sharing a price range since when we compared prices back then, we felt there were much better values than Sky Ranch without the negative Santee (east county) stigma (however much there is).

As stated here, I think Crestview is now in the 500-550k range. I think some places in Del Sur offer that price point now (alleyway homes). There are new places in Carlsbad (smaller) there as well I think and with a 30 yr loan and a hundred or 2 more per month, I think most folks would spring for another location if possible. I think the new 4S homes start in the low 600s for one of the new developments.

That said, I just don’t think Sky Ranch is a great deal unless you HAVE to have some view (which we didn’t care for). In terms of housing resale value, it’s always better to be the least expensive house in your general area so you get lifted up by every other house than to be the 600-800k house in Santee when the avg home there is much much lower.

Hope this helps other prospective home shoppers.

[joec]

This is my take on Sky Ranch and Santee in general. We visited all the new Santee communities (Riverwalk, Skyranch) back in mid – late 2008. Some of the plan 3 Stoney Creek Riverwalk places were going for 550k or so then? Sky ranch Crestview was listing for 655k or so back then? I agree that when you get inside your home in Skyranch, it’s nice and quiet, but getting there isn’t so nice IMO.

On our first visit, we didn’t notice the run down strip mall (on mission gorge?), apartments right outside Skyranch, but on a subsequent visit, we just didn’t like what we saw getting there. People hanging around street corners and there being a few apartment complexes right outside the slope and checking the sex offender website, a few sex offenders living there as well was a big negative for us.

Another thing I noticed is that they advertise no MR, but when we first visited and about a year later, the HOA actually went up. If someone has old notes from 2008, 2009 and now, the HOA back then was “only” about $150 or so I think.

You also don’t get much for your HOA fee we felt and they had to raise the fee to pay for the slope maintenance (useless IMO). When we looked back then, only 2 of the 12 or 13 Crestview homes sold telling us that they were already overpriced and HOA fees had to go up to cover the maintenance (and it did). Maybe it’s better now, but advertising no MR and raising HOA left a bad taste in our mouth.

Another thing I’ve noticed is that Santee seems to be the dumping ground for the rest of San Diego. There is a dump there and I think Santee just lost a San Diego vote to expand the dump site there since it’s owned by “San Diego”. They are also expanding the jail I think. No one else wants it, let’s give it to Mikee, oops, Santee, they’ll take all our crap! That’s what it sounds like in the news…

On other subsequent visits, we also didn’t like the prospective homebuyers there. Economic segregation/discrimination is a great thing and being an older community, there is just too much lower priced housing stock in the area (not to mention the trailer park next to the 52) and the accompanying type of person there. That’s not everyone of course, but you get the idea.

I’m also curious how much you paid SRO if you don’t mind sharing a price range since when we compared prices back then, we felt there were much better values than Sky Ranch without the negative Santee (east county) stigma (however much there is).

As stated here, I think Crestview is now in the 500-550k range. I think some places in Del Sur offer that price point now (alleyway homes). There are new places in Carlsbad (smaller) there as well I think and with a 30 yr loan and a hundred or 2 more per month, I think most folks would spring for another location if possible. I think the new 4S homes start in the low 600s for one of the new developments.

That said, I just don’t think Sky Ranch is a great deal unless you HAVE to have some view (which we didn’t care for). In terms of housing resale value, it’s always better to be the least expensive house in your general area so you get lifted up by every other house than to be the 600-800k house in Santee when the avg home there is much much lower.

Hope this helps other prospective home shoppers.

[joec]

This is my take on Sky Ranch and Santee in general. We visited all the new Santee communities (Riverwalk, Skyranch) back in mid – late 2008. Some of the plan 3 Stoney Creek Riverwalk places were going for 550k or so then? Sky ranch Crestview was listing for 655k or so back then? I agree that when you get inside your home in Skyranch, it’s nice and quiet, but getting there isn’t so nice IMO.

On our first visit, we didn’t notice the run down strip mall (on mission gorge?), apartments right outside Skyranch, but on a subsequent visit, we just didn’t like what we saw getting there. People hanging around street corners and there being a few apartment complexes right outside the slope and checking the sex offender website, a few sex offenders living there as well was a big negative for us.

Another thing I noticed is that they advertise no MR, but when we first visited and about a year later, the HOA actually went up. If someone has old notes from 2008, 2009 and now, the HOA back then was “only” about $150 or so I think.

You also don’t get much for your HOA fee we felt and they had to raise the fee to pay for the slope maintenance (useless IMO). When we looked back then, only 2 of the 12 or 13 Crestview homes sold telling us that they were already overpriced and HOA fees had to go up to cover the maintenance (and it did). Maybe it’s better now, but advertising no MR and raising HOA left a bad taste in our mouth.

Another thing I’ve noticed is that Santee seems to be the dumping ground for the rest of San Diego. There is a dump there and I think Santee just lost a San Diego vote to expand the dump site there since it’s owned by “San Diego”. They are also expanding the jail I think. No one else wants it, let’s give it to Mikee, oops, Santee, they’ll take all our crap! That’s what it sounds like in the news…

On other subsequent visits, we also didn’t like the prospective homebuyers there. Economic segregation/discrimination is a great thing and being an older community, there is just too much lower priced housing stock in the area (not to mention the trailer park next to the 52) and the accompanying type of person there. That’s not everyone of course, but you get the idea.

I’m also curious how much you paid SRO if you don’t mind sharing a price range since when we compared prices back then, we felt there were much better values than Sky Ranch without the negative Santee (east county) stigma (however much there is).

As stated here, I think Crestview is now in the 500-550k range. I think some places in Del Sur offer that price point now (alleyway homes). There are new places in Carlsbad (smaller) there as well I think and with a 30 yr loan and a hundred or 2 more per month, I think most folks would spring for another location if possible. I think the new 4S homes start in the low 600s for one of the new developments.

That said, I just don’t think Sky Ranch is a great deal unless you HAVE to have some view (which we didn’t care for). In terms of housing resale value, it’s always better to be the least expensive house in your general area so you get lifted up by every other house than to be the 600-800k house in Santee when the avg home there is much much lower.

Hope this helps other prospective home shoppers.

[joec]

This is my take on Sky Ranch and Santee in general. We visited all the new Santee communities (Riverwalk, Skyranch) back in mid – late 2008. Some of the plan 3 Stoney Creek Riverwalk places were going for 550k or so then? Sky ranch Crestview was listing for 655k or so back then? I agree that when you get inside your home in Skyranch, it’s nice and quiet, but getting there isn’t so nice IMO.

On our first visit, we didn’t notice the run down strip mall (on mission gorge?), apartments right outside Skyranch, but on a subsequent visit, we just didn’t like what we saw getting there. People hanging around street corners and there being a few apartment complexes right outside the slope and checking the sex offender website, a few sex offenders living there as well was a big negative for us.

Another thing I noticed is that they advertise no MR, but when we first visited and about a year later, the HOA actually went up. If someone has old notes from 2008, 2009 and now, the HOA back then was “only” about $150 or so I think.

You also don’t get much for your HOA fee we felt and they had to raise the fee to pay for the slope maintenance (useless IMO). When we looked back then, only 2 of the 12 or 13 Crestview homes sold telling us that they were already overpriced and HOA fees had to go up to cover the maintenance (and it did). Maybe it’s better now, but advertising no MR and raising HOA left a bad taste in our mouth.

Another thing I’ve noticed is that Santee seems to be the dumping ground for the rest of San Diego. There is a dump there and I think Santee just lost a San Diego vote to expand the dump site there since it’s owned by “San Diego”. They are also expanding the jail I think. No one else wants it, let’s give it to Mikee, oops, Santee, they’ll take all our crap! That’s what it sounds like in the news…

On other subsequent visits, we also didn’t like the prospective homebuyers there. Economic segregation/discrimination is a great thing and being an older community, there is just too much lower priced housing stock in the area (not to mention the trailer park next to the 52) and the accompanying type of person there. That’s not everyone of course, but you get the idea.

I’m also curious how much you paid SRO if you don’t mind sharing a price range since when we compared prices back then, we felt there were much better values than Sky Ranch without the negative Santee (east county) stigma (however much there is).

As stated here, I think Crestview is now in the 500-550k range. I think some places in Del Sur offer that price point now (alleyway homes). There are new places in Carlsbad (smaller) there as well I think and with a 30 yr loan and a hundred or 2 more per month, I think most folks would spring for another location if possible. I think the new 4S homes start in the low 600s for one of the new developments.

That said, I just don’t think Sky Ranch is a great deal unless you HAVE to have some view (which we didn’t care for). In terms of housing resale value, it’s always better to be the least expensive house in your general area so you get lifted up by every other house than to be the 600-800k house in Santee when the avg home there is much much lower.

Hope this helps other prospective home shoppers.

[sdcellar]

[quote=sdrealtor]Like talking to a wall. They were generalizations and very clearly stated as such hence the “far more likely” statements not absolute statements like Santee will NEVER BE Del Cerro. I’m open to all beleifs including the possibility that Santee and/or Sky Ranch could be a wonderful place to live.[/quote]sdr, I’m confused. You put forth “this will never be this” all the time. Most of your points are completely valid, but you’re as anecdotal as the next guy (as am I). Santee never will be Del Cerro (and I’m not trying to say Del Cerro is all that or Santee sucks). Seems to me you just phrase it differently, e.g. “there is no substitution effect”. Maybe it’s just a matter of degree?

[sdcellar]

[quote=sdrealtor]Like talking to a wall. They were generalizations and very clearly stated as such hence the “far more likely” statements not absolute statements like Santee will NEVER BE Del Cerro. I’m open to all beleifs including the possibility that Santee and/or Sky Ranch could be a wonderful place to live.[/quote]sdr, I’m confused. You put forth “this will never be this” all the time. Most of your points are completely valid, but you’re as anecdotal as the next guy (as am I). Santee never will be Del Cerro (and I’m not trying to say Del Cerro is all that or Santee sucks). Seems to me you just phrase it differently, e.g. “there is no substitution effect”. Maybe it’s just a matter of degree?

[sdcellar]

[quote=sdrealtor]Like talking to a wall. They were generalizations and very clearly stated as such hence the “far more likely” statements not absolute statements like Santee will NEVER BE Del Cerro. I’m open to all beleifs including the possibility that Santee and/or Sky Ranch could be a wonderful place to live.[/quote]sdr, I’m confused. You put forth “this will never be this” all the time. Most of your points are completely valid, but you’re as anecdotal as the next guy (as am I). Santee never will be Del Cerro (and I’m not trying to say Del Cerro is all that or Santee sucks). Seems to me you just phrase it differently, e.g. “there is no substitution effect”. Maybe it’s just a matter of degree?

[sdcellar]

[quote=sdrealtor]Like talking to a wall. They were generalizations and very clearly stated as such hence the “far more likely” statements not absolute statements like Santee will NEVER BE Del Cerro. I’m open to all beleifs including the possibility that Santee and/or Sky Ranch could be a wonderful place to live.[/quote]sdr, I’m confused. You put forth “this will never be this” all the time. Most of your points are completely valid, but you’re as anecdotal as the next guy (as am I). Santee never will be Del Cerro (and I’m not trying to say Del Cerro is all that or Santee sucks). Seems to me you just phrase it differently, e.g. “there is no substitution effect”. Maybe it’s just a matter of degree?

[sdcellar]

[quote=sdrealtor]Like talking to a wall. They were generalizations and very clearly stated as such hence the “far more likely” statements not absolute statements like Santee will NEVER BE Del Cerro. I’m open to all beleifs including the possibility that Santee and/or Sky Ranch could be a wonderful place to live.[/quote]sdr, I’m confused. You put forth “this will never be this” all the time. Most of your points are completely valid, but you’re as anecdotal as the next guy (as am I). Santee never will be Del Cerro (and I’m not trying to say Del Cerro is all that or Santee sucks). Seems to me you just phrase it differently, e.g. “there is no substitution effect”. Maybe it’s just a matter of degree?

[SkyRanchOwner]

I don’t want to give out the price I paid, because all the broker/realtors on this site will immediately look it up in the MLS and get the stats, name of owners, etc.

Let’s just say we feel we got a decent deal, because prices were marked down from where they were initially, once they figured out the demand and correct price point. In addition, we have a great view! Plus, no one behind us and no one across the street.

I do know prices have continued to go down, even from when we bought. It’s just a sign of the times. We plan to be here for several years, so we aren’t worried if prices drop another 10% or even 20%.

joec, we thought similar things about the bottom of the hill area as you did, but I knew the plans were to clean it up. We asked, and heard that they were going to clean up and redo the Prospect/Graves intersection, which they just completed a couple months ago. The lots around that intersection are zoned general commercial, so, eventually the “look” of that interesection/area will change too, once they complete the 52.

We’re the type that are willing to wait, knowing that 10-20 years from now, these houses will all be in the high $900 or $1 million+ again for Eaglepointe homes once the buildout is complete.

Think back to when the 56, near Carmel Valley, wasn’t even built yet, and homes were going up around the area. They were around $600k then, brand new. Now, it’s tough to even find one for $600k. Carmel Valley is a different story because of location, yet I think once Sky Ranch sells out, the 52 is complete, and Santee finishes cleaning up the intersections around Prospect/Graves and Prospect/Magnolia, people will feel differently about the area.

Psychologically, people don’t like to wait for things to happen. They want it all right now. Do you realize that Bel Etage in RB used to be in the mid $800k, now you can’t touch them for less than $1 mill or more. It would be a lot higher if it wasn’t for the RE market crash.

Look at the original sales prices for these back in 2001/2002:

http://www.sdlookup.com/MLS-100021399-9139_Bernardo_Lakes_Dr_San_Diego_CA_92127

http://www.sdlookup.com/MLS-090043737-9124_Bernardo_Lakes_Dr_San_Diego_CA_92127

This is before 4S Ranch was built and the 56 was complete. People bought here, one, because it was nice, but two, because they new the area would be eventually developed, helping bring more people into the area, increasing the demand for those homes, thereby, increasing the prices.

Bel Etage was a lonely community that used to be out in nowhere and hard to get in and out of.

Ok, I agree this will be an extreme example, yet why I’m talking about this is because, it is a Case Study on how you need to think of the future and what’s to come.

IMO, it’s like making an investment in a company. There is risk in this, yet you take all things into consideration, and based on the future plan, think, I believe demand for this area will go up over time. In general, by increasing demand, prices should go up. Remember Apple, the company, at one time, no one wanted to touch that stock either, but, smart investors, seeing the future plan, took a chance, bought the stock, and today, well, you know the story!

Sky Ranch is the nicest, new community in East County! There is no other around, outside of the newer developments down in Santee main land area. It is on a mountain, which is very unique. The trees and foliage will have grown in around the streets up here in Sky Ranch. It will have great, freeway access, when the 52 is complete. It has very nice, convienent shopping and restaurants very close by. The City of Santee is working on updating the schools, city, and more. I only see things getting better, and I see the future of Santee 5 to 10 to 15 years from now. I’m not afraid to wait. It will come, and my house will have more demand for it than most other areas, especially for someone looking to live in East County.

[SkyRanchOwner]

I don’t want to give out the price I paid, because all the broker/realtors on this site will immediately look it up in the MLS and get the stats, name of owners, etc.

Let’s just say we feel we got a decent deal, because prices were marked down from where they were initially, once they figured out the demand and correct price point. In addition, we have a great view! Plus, no one behind us and no one across the street.

I do know prices have continued to go down, even from when we bought. It’s just a sign of the times. We plan to be here for several years, so we aren’t worried if prices drop another 10% or even 20%.

joec, we thought similar things about the bottom of the hill area as you did, but I knew the plans were to clean it up. We asked, and heard that they were going to clean up and redo the Prospect/Graves intersection, which they just completed a couple months ago. The lots around that intersection are zoned general commercial, so, eventually the “look” of that interesection/area will change too, once they complete the 52.

We’re the type that are willing to wait, knowing that 10-20 years from now, these houses will all be in the high $900 or $1 million+ again for Eaglepointe homes once the buildout is complete.

Think back to when the 56, near Carmel Valley, wasn’t even built yet, and homes were going up around the area. They were around $600k then, brand new. Now, it’s tough to even find one for $600k. Carmel Valley is a different story because of location, yet I think once Sky Ranch sells out, the 52 is complete, and Santee finishes cleaning up the intersections around Prospect/Graves and Prospect/Magnolia, people will feel differently about the area.

Psychologically, people don’t like to wait for things to happen. They want it all right now. Do you realize that Bel Etage in RB used to be in the mid $800k, now you can’t touch them for less than $1 mill or more. It would be a lot higher if it wasn’t for the RE market crash.

Look at the original sales prices for these back in 2001/2002:

http://www.sdlookup.com/MLS-100021399-9139_Bernardo_Lakes_Dr_San_Diego_CA_92127

http://www.sdlookup.com/MLS-090043737-9124_Bernardo_Lakes_Dr_San_Diego_CA_92127

This is before 4S Ranch was built and the 56 was complete. People bought here, one, because it was nice, but two, because they new the area would be eventually developed, helping bring more people into the area, increasing the demand for those homes, thereby, increasing the prices.

Bel Etage was a lonely community that used to be out in nowhere and hard to get in and out of.

Ok, I agree this will be an extreme example, yet why I’m talking about this is because, it is a Case Study on how you need to think of the future and what’s to come.

IMO, it’s like making an investment in a company. There is risk in this, yet you take all things into consideration, and based on the future plan, think, I believe demand for this area will go up over time. In general, by increasing demand, prices should go up. Remember Apple, the company, at one time, no one wanted to touch that stock either, but, smart investors, seeing the future plan, took a chance, bought the stock, and today, well, you know the story!

Sky Ranch is the nicest, new community in East County! There is no other around, outside of the newer developments down in Santee main land area. It is on a mountain, which is very unique. The trees and foliage will have grown in around the streets up here in Sky Ranch. It will have great, freeway access, when the 52 is complete. It has very nice, convienent shopping and restaurants very close by. The City of Santee is working on updating the schools, city, and more. I only see things getting better, and I see the future of Santee 5 to 10 to 15 years from now. I’m not afraid to wait. It will come, and my house will have more demand for it than most other areas, especially for someone looking to live in East County.

[SkyRanchOwner]

I don’t want to give out the price I paid, because all the broker/realtors on this site will immediately look it up in the MLS and get the stats, name of owners, etc.

Let’s just say we feel we got a decent deal, because prices were marked down from where they were initially, once they figured out the demand and correct price point. In addition, we have a great view! Plus, no one behind us and no one across the street.

I do know prices have continued to go down, even from when we bought. It’s just a sign of the times. We plan to be here for several years, so we aren’t worried if prices drop another 10% or even 20%.

joec, we thought similar things about the bottom of the hill area as you did, but I knew the plans were to clean it up. We asked, and heard that they were going to clean up and redo the Prospect/Graves intersection, which they just completed a couple months ago. The lots around that intersection are zoned general commercial, so, eventually the “look” of that interesection/area will change too, once they complete the 52.

We’re the type that are willing to wait, knowing that 10-20 years from now, these houses will all be in the high $900 or $1 million+ again for Eaglepointe homes once the buildout is complete.

Think back to when the 56, near Carmel Valley, wasn’t even built yet, and homes were going up around the area. They were around $600k then, brand new. Now, it’s tough to even find one for $600k. Carmel Valley is a different story because of location, yet I think once Sky Ranch sells out, the 52 is complete, and Santee finishes cleaning up the intersections around Prospect/Graves and Prospect/Magnolia, people will feel differently about the area.

Psychologically, people don’t like to wait for things to happen. They want it all right now. Do you realize that Bel Etage in RB used to be in the mid $800k, now you can’t touch them for less than $1 mill or more. It would be a lot higher if it wasn’t for the RE market crash.

Look at the original sales prices for these back in 2001/2002:

http://www.sdlookup.com/MLS-100021399-9139_Bernardo_Lakes_Dr_San_Diego_CA_92127

http://www.sdlookup.com/MLS-090043737-9124_Bernardo_Lakes_Dr_San_Diego_CA_92127

This is before 4S Ranch was built and the 56 was complete. People bought here, one, because it was nice, but two, because they new the area would be eventually developed, helping bring more people into the area, increasing the demand for those homes, thereby, increasing the prices.

Bel Etage was a lonely community that used to be out in nowhere and hard to get in and out of.

Ok, I agree this will be an extreme example, yet why I’m talking about this is because, it is a Case Study on how you need to think of the future and what’s to come.

IMO, it’s like making an investment in a company. There is risk in this, yet you take all things into consideration, and based on the future plan, think, I believe demand for this area will go up over time. In general, by increasing demand, prices should go up. Remember Apple, the company, at one time, no one wanted to touch that stock either, but, smart investors, seeing the future plan, took a chance, bought the stock, and today, well, you know the story!

Sky Ranch is the nicest, new community in East County! There is no other around, outside of the newer developments down in Santee main land area. It is on a mountain, which is very unique. The trees and foliage will have grown in around the streets up here in Sky Ranch. It will have great, freeway access, when the 52 is complete. It has very nice, convienent shopping and restaurants very close by. The City of Santee is working on updating the schools, city, and more. I only see things getting better, and I see the future of Santee 5 to 10 to 15 years from now. I’m not afraid to wait. It will come, and my house will have more demand for it than most other areas, especially for someone looking to live in East County.

[SkyRanchOwner]

I don’t want to give out the price I paid, because all the broker/realtors on this site will immediately look it up in the MLS and get the stats, name of owners, etc.

Let’s just say we feel we got a decent deal, because prices were marked down from where they were initially, once they figured out the demand and correct price point. In addition, we have a great view! Plus, no one behind us and no one across the street.

I do know prices have continued to go down, even from when we bought. It’s just a sign of the times. We plan to be here for several years, so we aren’t worried if prices drop another 10% or even 20%.

joec, we thought similar things about the bottom of the hill area as you did, but I knew the plans were to clean it up. We asked, and heard that they were going to clean up and redo the Prospect/Graves intersection, which they just completed a couple months ago. The lots around that intersection are zoned general commercial, so, eventually the “look” of that interesection/area will change too, once they complete the 52.

We’re the type that are willing to wait, knowing that 10-20 years from now, these houses will all be in the high $900 or $1 million+ again for Eaglepointe homes once the buildout is complete.

Think back to when the 56, near Carmel Valley, wasn’t even built yet, and homes were going up around the area. They were around $600k then, brand new. Now, it’s tough to even find one for $600k. Carmel Valley is a different story because of location, yet I think once Sky Ranch sells out, the 52 is complete, and Santee finishes cleaning up the intersections around Prospect/Graves and Prospect/Magnolia, people will feel differently about the area.

Psychologically, people don’t like to wait for things to happen. They want it all right now. Do you realize that Bel Etage in RB used to be in the mid $800k, now you can’t touch them for less than $1 mill or more. It would be a lot higher if it wasn’t for the RE market crash.

Look at the original sales prices for these back in 2001/2002:

http://www.sdlookup.com/MLS-100021399-9139_Bernardo_Lakes_Dr_San_Diego_CA_92127

http://www.sdlookup.com/MLS-090043737-9124_Bernardo_Lakes_Dr_San_Diego_CA_92127

This is before 4S Ranch was built and the 56 was complete. People bought here, one, because it was nice, but two, because they new the area would be eventually developed, helping bring more people into the area, increasing the demand for those homes, thereby, increasing the prices.

Bel Etage was a lonely community that used to be out in nowhere and hard to get in and out of.

Ok, I agree this will be an extreme example, yet why I’m talking about this is because, it is a Case Study on how you need to think of the future and what’s to come.

IMO, it’s like making an investment in a company. There is risk in this, yet you take all things into consideration, and based on the future plan, think, I believe demand for this area will go up over time. In general, by increasing demand, prices should go up. Remember Apple, the company, at one time, no one wanted to touch that stock either, but, smart investors, seeing the future plan, took a chance, bought the stock, and today, well, you know the story!

Sky Ranch is the nicest, new community in East County! There is no other around, outside of the newer developments down in Santee main land area. It is on a mountain, which is very unique. The trees and foliage will have grown in around the streets up here in Sky Ranch. It will have great, freeway access, when the 52 is complete. It has very nice, convienent shopping and restaurants very close by. The City of Santee is working on updating the schools, city, and more. I only see things getting better, and I see the future of Santee 5 to 10 to 15 years from now. I’m not afraid to wait. It will come, and my house will have more demand for it than most other areas, especially for someone looking to live in East County.

[Author]

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