Trouble in the high end

[HomeShopping]

Looks like the high end is coming down fast.

14382 Caminito Lazanja, 92127 in Santaluz
Originally sold on 5-17-2005 for $1.595 million
Owner claims an additional $200K in upgrades
Total value – about $1.8 million
Resold on 4-1-2009 for $900K

4647 Rancho Laguna Bend, 92130 in Rancho Pacifica
Sold on 5-10-2006 for $3.475 million
Resold on 4-1-2009 for $2.2 million

[La Jolla Renter]

Trouble??? that’s a Beating in the high end.

[La Jolla Renter]

Trouble??? that’s a Beating in the high end.

[La Jolla Renter]

Trouble??? that’s a Beating in the high end.

[La Jolla Renter]

Trouble??? that’s a Beating in the high end.

[La Jolla Renter]

Trouble??? that’s a Beating in the high end.

[an]

I thought the low end went up fast but it seems like the high end went up even faster. This $900k house sold in 03/26/2004 for $945,855 and in 05/17/2005 for $1,595,000. That’s over 50% rise in a little over 1 year. NIt went up crazy fast, so it’s not too surprising it’s going down crazy fast. But it’s still only around early 04 price, which, in the big picture, is still holding up much better than the rest of the market, SO FAR.

[an]

I thought the low end went up fast but it seems like the high end went up even faster. This $900k house sold in 03/26/2004 for $945,855 and in 05/17/2005 for $1,595,000. That’s over 50% rise in a little over 1 year. NIt went up crazy fast, so it’s not too surprising it’s going down crazy fast. But it’s still only around early 04 price, which, in the big picture, is still holding up much better than the rest of the market, SO FAR.

[an]

I thought the low end went up fast but it seems like the high end went up even faster. This $900k house sold in 03/26/2004 for $945,855 and in 05/17/2005 for $1,595,000. That’s over 50% rise in a little over 1 year. NIt went up crazy fast, so it’s not too surprising it’s going down crazy fast. But it’s still only around early 04 price, which, in the big picture, is still holding up much better than the rest of the market, SO FAR.

[an]

I thought the low end went up fast but it seems like the high end went up even faster. This $900k house sold in 03/26/2004 for $945,855 and in 05/17/2005 for $1,595,000. That’s over 50% rise in a little over 1 year. NIt went up crazy fast, so it’s not too surprising it’s going down crazy fast. But it’s still only around early 04 price, which, in the big picture, is still holding up much better than the rest of the market, SO FAR.

[an]

I thought the low end went up fast but it seems like the high end went up even faster. This $900k house sold in 03/26/2004 for $945,855 and in 05/17/2005 for $1,595,000. That’s over 50% rise in a little over 1 year. NIt went up crazy fast, so it’s not too surprising it’s going down crazy fast. But it’s still only around early 04 price, which, in the big picture, is still holding up much better than the rest of the market, SO FAR.

[jpinpb]

That just makes me think the sale in 2005 was contrived. Fraud run rampant!

[jpinpb]

That just makes me think the sale in 2005 was contrived. Fraud run rampant!

[jpinpb]

That just makes me think the sale in 2005 was contrived. Fraud run rampant!

[jpinpb]

That just makes me think the sale in 2005 was contrived. Fraud run rampant!

[Author]

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