Spring Housing Prediction

[sdrealtor]

CA Renter
Thats not Village Park (which is north of Encinitas Blvd) it’s call Encninitas Estates. Many houses there have been in rough shape for many many years and that is not necessarily a sign of a looming foreclosure (though it could be). The majority of homes in that community are long time owners that paid very low prices 20+ years ago and simply dont have the money or interest in fixing up their homes. Homes there have tradtionally been a bit tougher to sell because of the hodge podge conditions you find from home to home as well as the less than stellar construction. My suspicion is most of the neighbors dotn care as they typically owe very little on their homes and are more worried about the status of their social security checks than their home values.

sdr

sdr

[CA renter]

sdr wrote:

Thats not Village Park (which is north of Encinitas Blvd) it’s call Encninitas Estates.
==================

You are correct. I was just generalizing about the entire area around Encinitas Blvd, east of El Camino. That is the area that has seen the biggest drops in Encinitas (that I can tell — you might know different).

Yes, it’s a mixed area, but those homes were selling in the $700K-$800K range during the peak, and they are now pretty solidly in the $500K range or $600K range if in excellent condition with a nice lot. It’s not O’side, but we’re seeing some movement.

It will be interesting to see what happens with this sale.

[CA renter]

sdr wrote:

Thats not Village Park (which is north of Encinitas Blvd) it’s call Encninitas Estates.
==================

You are correct. I was just generalizing about the entire area around Encinitas Blvd, east of El Camino. That is the area that has seen the biggest drops in Encinitas (that I can tell — you might know different).

Yes, it’s a mixed area, but those homes were selling in the $700K-$800K range during the peak, and they are now pretty solidly in the $500K range or $600K range if in excellent condition with a nice lot. It’s not O’side, but we’re seeing some movement.

It will be interesting to see what happens with this sale.

[CA renter]

sdr wrote:

Thats not Village Park (which is north of Encinitas Blvd) it’s call Encninitas Estates.
==================

You are correct. I was just generalizing about the entire area around Encinitas Blvd, east of El Camino. That is the area that has seen the biggest drops in Encinitas (that I can tell — you might know different).

Yes, it’s a mixed area, but those homes were selling in the $700K-$800K range during the peak, and they are now pretty solidly in the $500K range or $600K range if in excellent condition with a nice lot. It’s not O’side, but we’re seeing some movement.

It will be interesting to see what happens with this sale.

[CA renter]

sdr wrote:

Thats not Village Park (which is north of Encinitas Blvd) it’s call Encninitas Estates.
==================

You are correct. I was just generalizing about the entire area around Encinitas Blvd, east of El Camino. That is the area that has seen the biggest drops in Encinitas (that I can tell — you might know different).

Yes, it’s a mixed area, but those homes were selling in the $700K-$800K range during the peak, and they are now pretty solidly in the $500K range or $600K range if in excellent condition with a nice lot. It’s not O’side, but we’re seeing some movement.

It will be interesting to see what happens with this sale.

[CA renter]

sdr wrote:

Thats not Village Park (which is north of Encinitas Blvd) it’s call Encninitas Estates.
==================

You are correct. I was just generalizing about the entire area around Encinitas Blvd, east of El Camino. That is the area that has seen the biggest drops in Encinitas (that I can tell — you might know different).

Yes, it’s a mixed area, but those homes were selling in the $700K-$800K range during the peak, and they are now pretty solidly in the $500K range or $600K range if in excellent condition with a nice lot. It’s not O’side, but we’re seeing some movement.

It will be interesting to see what happens with this sale.

[sdrealtor]

There is one closed sale in Encinitas Estates in the last 60 days. It was a 3Br/2BA 1300 sq ft home that sold for 500K in a week. If we go back 90 days we pick up 2 oter sales both REO’s. a 4BR/2.5 1836 sq ft for 550K and 4Br/2.5BA 2800 sq ft home for 655K both in very poor condition. At the peak the largest homes sold in the 700’s but 800’s would have been an exception.

The biggest drops are in Village Park proper where many low end sfr homes and townhomes were sold to hispanic buyers by hispanic agents/lopan brokers with 100% financing. Other than that, the area seems to be holding up surprisingly well so far.

[sdrealtor]

There is one closed sale in Encinitas Estates in the last 60 days. It was a 3Br/2BA 1300 sq ft home that sold for 500K in a week. If we go back 90 days we pick up 2 oter sales both REO’s. a 4BR/2.5 1836 sq ft for 550K and 4Br/2.5BA 2800 sq ft home for 655K both in very poor condition. At the peak the largest homes sold in the 700’s but 800’s would have been an exception.

The biggest drops are in Village Park proper where many low end sfr homes and townhomes were sold to hispanic buyers by hispanic agents/lopan brokers with 100% financing. Other than that, the area seems to be holding up surprisingly well so far.

[sdrealtor]

There is one closed sale in Encinitas Estates in the last 60 days. It was a 3Br/2BA 1300 sq ft home that sold for 500K in a week. If we go back 90 days we pick up 2 oter sales both REO’s. a 4BR/2.5 1836 sq ft for 550K and 4Br/2.5BA 2800 sq ft home for 655K both in very poor condition. At the peak the largest homes sold in the 700’s but 800’s would have been an exception.

The biggest drops are in Village Park proper where many low end sfr homes and townhomes were sold to hispanic buyers by hispanic agents/lopan brokers with 100% financing. Other than that, the area seems to be holding up surprisingly well so far.

[sdrealtor]

There is one closed sale in Encinitas Estates in the last 60 days. It was a 3Br/2BA 1300 sq ft home that sold for 500K in a week. If we go back 90 days we pick up 2 oter sales both REO’s. a 4BR/2.5 1836 sq ft for 550K and 4Br/2.5BA 2800 sq ft home for 655K both in very poor condition. At the peak the largest homes sold in the 700’s but 800’s would have been an exception.

The biggest drops are in Village Park proper where many low end sfr homes and townhomes were sold to hispanic buyers by hispanic agents/lopan brokers with 100% financing. Other than that, the area seems to be holding up surprisingly well so far.

[sdrealtor]

There is one closed sale in Encinitas Estates in the last 60 days. It was a 3Br/2BA 1300 sq ft home that sold for 500K in a week. If we go back 90 days we pick up 2 oter sales both REO’s. a 4BR/2.5 1836 sq ft for 550K and 4Br/2.5BA 2800 sq ft home for 655K both in very poor condition. At the peak the largest homes sold in the 700’s but 800’s would have been an exception.

The biggest drops are in Village Park proper where many low end sfr homes and townhomes were sold to hispanic buyers by hispanic agents/lopan brokers with 100% financing. Other than that, the area seems to be holding up surprisingly well so far.

[sdduuuude]

Rents coming down. That aint good.

http://www.latimes.com/business/la-fi-rent8-2009jan08,0,5261091.story

[sdduuuude]

Rents coming down. That aint good.

http://www.latimes.com/business/la-fi-rent8-2009jan08,0,5261091.story

[sdduuuude]

Rents coming down. That aint good.

http://www.latimes.com/business/la-fi-rent8-2009jan08,0,5261091.story

[sdduuuude]

Rents coming down. That aint good.

http://www.latimes.com/business/la-fi-rent8-2009jan08,0,5261091.story

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