Home › Forums › Closed Forums › Properties or Areas › Solana Beach up 24% ??
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SK in CV.
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January 22, 2009 at 12:34 AM #14879January 22, 2009 at 7:16 AM #333005
bake
Participantrjt, Solana Beach and a few of the other zips that are faring better are doing so simply because owners living there by and large have better staying power. The fundamentals (median income, what the property would rent for, and what you can get if you go elsewhere) indicate these homes are still way overpriced, and are overdue for a correction.
On the other hand, there are now many areas in San Diego that are pretty much in line with the fundamentals. I think now is a good time to buy (if you’re thinking long term, not short term) in those neighborhoods.
January 22, 2009 at 7:16 AM #333339Participantrjt, Solana Beach and a few of the other zips that are faring better are doing so simply because owners living there by and large have better staying power. The fundamentals (median income, what the property would rent for, and what you can get if you go elsewhere) indicate these homes are still way overpriced, and are overdue for a correction.
On the other hand, there are now many areas in San Diego that are pretty much in line with the fundamentals. I think now is a good time to buy (if you’re thinking long term, not short term) in those neighborhoods.
January 22, 2009 at 7:16 AM #333422Participantrjt, Solana Beach and a few of the other zips that are faring better are doing so simply because owners living there by and large have better staying power. The fundamentals (median income, what the property would rent for, and what you can get if you go elsewhere) indicate these homes are still way overpriced, and are overdue for a correction.
On the other hand, there are now many areas in San Diego that are pretty much in line with the fundamentals. I think now is a good time to buy (if you’re thinking long term, not short term) in those neighborhoods.
January 22, 2009 at 7:16 AM #333449Participantrjt, Solana Beach and a few of the other zips that are faring better are doing so simply because owners living there by and large have better staying power. The fundamentals (median income, what the property would rent for, and what you can get if you go elsewhere) indicate these homes are still way overpriced, and are overdue for a correction.
On the other hand, there are now many areas in San Diego that are pretty much in line with the fundamentals. I think now is a good time to buy (if you’re thinking long term, not short term) in those neighborhoods.
January 22, 2009 at 7:16 AM #333533Participantrjt, Solana Beach and a few of the other zips that are faring better are doing so simply because owners living there by and large have better staying power. The fundamentals (median income, what the property would rent for, and what you can get if you go elsewhere) indicate these homes are still way overpriced, and are overdue for a correction.
On the other hand, there are now many areas in San Diego that are pretty much in line with the fundamentals. I think now is a good time to buy (if you’re thinking long term, not short term) in those neighborhoods.
January 22, 2009 at 2:16 PM #333446SD Realtor
ParticipantSolana Beach is also a very small market with regards to inventory and number of listings. A median price in Solana Beach can get pushed around bigtime due to a VERY small number of sales.
January 22, 2009 at 2:16 PM #333778ParticipantSolana Beach is also a very small market with regards to inventory and number of listings. A median price in Solana Beach can get pushed around bigtime due to a VERY small number of sales.
January 22, 2009 at 2:16 PM #333862ParticipantSolana Beach is also a very small market with regards to inventory and number of listings. A median price in Solana Beach can get pushed around bigtime due to a VERY small number of sales.
January 22, 2009 at 2:16 PM #333889ParticipantSolana Beach is also a very small market with regards to inventory and number of listings. A median price in Solana Beach can get pushed around bigtime due to a VERY small number of sales.
January 22, 2009 at 2:16 PM #333973ParticipantSolana Beach is also a very small market with regards to inventory and number of listings. A median price in Solana Beach can get pushed around bigtime due to a VERY small number of sales.
January 22, 2009 at 4:15 PM #333566SK in CV
ParticipantExactly.
Sample is just too small to jump to any conclusion based on these numbers.
The last 5 months of closings in SB have been
Month… #… Average…… Median
Dec …16 …$1,160,094 … $1,000,000
Nov … 3 … $925,385 ….. $943,155
Oct … 8 … $732,262 …… $665,000
Sept…12 …$1,047,042 …. $800,000
Aug …13 …$1,209,277 ….. $987,000The numbers are all over the place. So few closings and such a wide variation in the neighborhoods, these numbers by themselves are almost meaningles.
January 22, 2009 at 4:15 PM #333899ParticipantExactly.
Sample is just too small to jump to any conclusion based on these numbers.
The last 5 months of closings in SB have been
Month… #… Average…… Median
Dec …16 …$1,160,094 … $1,000,000
Nov … 3 … $925,385 ….. $943,155
Oct … 8 … $732,262 …… $665,000
Sept…12 …$1,047,042 …. $800,000
Aug …13 …$1,209,277 ….. $987,000The numbers are all over the place. So few closings and such a wide variation in the neighborhoods, these numbers by themselves are almost meaningles.
January 22, 2009 at 4:15 PM #333982ParticipantExactly.
Sample is just too small to jump to any conclusion based on these numbers.
The last 5 months of closings in SB have been
Month… #… Average…… Median
Dec …16 …$1,160,094 … $1,000,000
Nov … 3 … $925,385 ….. $943,155
Oct … 8 … $732,262 …… $665,000
Sept…12 …$1,047,042 …. $800,000
Aug …13 …$1,209,277 ….. $987,000The numbers are all over the place. So few closings and such a wide variation in the neighborhoods, these numbers by themselves are almost meaningles.
January 22, 2009 at 4:15 PM #334010ParticipantExactly.
Sample is just too small to jump to any conclusion based on these numbers.
The last 5 months of closings in SB have been
Month… #… Average…… Median
Dec …16 …$1,160,094 … $1,000,000
Nov … 3 … $925,385 ….. $943,155
Oct … 8 … $732,262 …… $665,000
Sept…12 …$1,047,042 …. $800,000
Aug …13 …$1,209,277 ….. $987,000The numbers are all over the place. So few closings and such a wide variation in the neighborhoods, these numbers by themselves are almost meaningles.
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