Upper MId to Lower High End Market in NCC

[sdrealtor]

permabear
By appropriate supply I mean nice homes (not overlooking 52), between 2500 and 4000sq ft, in move in or close to move in condition, priced at current market levels by sellers with equity.

There are buyers combing the streets around here looking for homes they want to buy. Finding ones they are interested in buying is tough enough, then they have to deal with 3rd parties (lenders, asset managers etc.) and long periods of time to get a decision in many cases. If they could just find a house they liked, write an offer and close 30 days later the sales numbers would be alot higher.

Admittedly the markets you referenced RSF, LJ and SB in particular are higher priced for home slike that and more often than not older homes in need of major remodelling.

[sdrealtor]

CAR
You are picking and choosing whatever argument it takes. All real estate is local and I’m talking about this market. I dont care about every area. When I moved here years ago SD was in a very different part of its cycle than the east coast. Nationally RE markets have rarely if ever to my knowledge moved in unison. What happened the last couple years was not common in the history of residential RE prices in the US. Now that we are back closer to a sense of normalcy I see no reason why they will continue to move in unison with other parts of the country.

Around here we arent relieing on retirees or 2nd homes buyers to prop up our market but you pulled up “some mythical group of bulls” using that argument around here to fit your argument.

As time goes by a house like the one on Babilonia becomes more dated and more functionally obselete. It does not surprise me that something like that could lose value. Additionally one house does not a market make. All it takes is one buyer to want an odd ball house like that and in 2002 they may have gotten luicky and found the only one out there. Unless you have seen the house in person and understand all the issues with it, you can truly understand what was going on with that one.

Regarding the area, it is not the area per se that is problematic but the locations of specific albeit many of the home there. As for the more mainstream areas around here, I see plenty of buyers ready willing and ABLE to buy them all as long as they dont have major flaws and are priced appropriately for the current market they are trying to sell in.

As for investors, you are pulling one out of left field again to support your argument. Around here investors arent buying the homes with few exceptions, they are buying in the low end markets.

[sdrealtor]

CAR
You are picking and choosing whatever argument it takes. All real estate is local and I’m talking about this market. I dont care about every area. When I moved here years ago SD was in a very different part of its cycle than the east coast. Nationally RE markets have rarely if ever to my knowledge moved in unison. What happened the last couple years was not common in the history of residential RE prices in the US. Now that we are back closer to a sense of normalcy I see no reason why they will continue to move in unison with other parts of the country.

Around here we arent relieing on retirees or 2nd homes buyers to prop up our market but you pulled up “some mythical group of bulls” using that argument around here to fit your argument.

As time goes by a house like the one on Babilonia becomes more dated and more functionally obselete. It does not surprise me that something like that could lose value. Additionally one house does not a market make. All it takes is one buyer to want an odd ball house like that and in 2002 they may have gotten luicky and found the only one out there. Unless you have seen the house in person and understand all the issues with it, you can truly understand what was going on with that one.

Regarding the area, it is not the area per se that is problematic but the locations of specific albeit many of the home there. As for the more mainstream areas around here, I see plenty of buyers ready willing and ABLE to buy them all as long as they dont have major flaws and are priced appropriately for the current market they are trying to sell in.

As for investors, you are pulling one out of left field again to support your argument. Around here investors arent buying the homes with few exceptions, they are buying in the low end markets.

[sdrealtor]

CAR
You are picking and choosing whatever argument it takes. All real estate is local and I’m talking about this market. I dont care about every area. When I moved here years ago SD was in a very different part of its cycle than the east coast. Nationally RE markets have rarely if ever to my knowledge moved in unison. What happened the last couple years was not common in the history of residential RE prices in the US. Now that we are back closer to a sense of normalcy I see no reason why they will continue to move in unison with other parts of the country.

Around here we arent relieing on retirees or 2nd homes buyers to prop up our market but you pulled up “some mythical group of bulls” using that argument around here to fit your argument.

As time goes by a house like the one on Babilonia becomes more dated and more functionally obselete. It does not surprise me that something like that could lose value. Additionally one house does not a market make. All it takes is one buyer to want an odd ball house like that and in 2002 they may have gotten luicky and found the only one out there. Unless you have seen the house in person and understand all the issues with it, you can truly understand what was going on with that one.

Regarding the area, it is not the area per se that is problematic but the locations of specific albeit many of the home there. As for the more mainstream areas around here, I see plenty of buyers ready willing and ABLE to buy them all as long as they dont have major flaws and are priced appropriately for the current market they are trying to sell in.

As for investors, you are pulling one out of left field again to support your argument. Around here investors arent buying the homes with few exceptions, they are buying in the low end markets.

[sdrealtor]

CAR
You are picking and choosing whatever argument it takes. All real estate is local and I’m talking about this market. I dont care about every area. When I moved here years ago SD was in a very different part of its cycle than the east coast. Nationally RE markets have rarely if ever to my knowledge moved in unison. What happened the last couple years was not common in the history of residential RE prices in the US. Now that we are back closer to a sense of normalcy I see no reason why they will continue to move in unison with other parts of the country.

Around here we arent relieing on retirees or 2nd homes buyers to prop up our market but you pulled up “some mythical group of bulls” using that argument around here to fit your argument.

As time goes by a house like the one on Babilonia becomes more dated and more functionally obselete. It does not surprise me that something like that could lose value. Additionally one house does not a market make. All it takes is one buyer to want an odd ball house like that and in 2002 they may have gotten luicky and found the only one out there. Unless you have seen the house in person and understand all the issues with it, you can truly understand what was going on with that one.

Regarding the area, it is not the area per se that is problematic but the locations of specific albeit many of the home there. As for the more mainstream areas around here, I see plenty of buyers ready willing and ABLE to buy them all as long as they dont have major flaws and are priced appropriately for the current market they are trying to sell in.

As for investors, you are pulling one out of left field again to support your argument. Around here investors arent buying the homes with few exceptions, they are buying in the low end markets.

[sdrealtor]

CAR
You are picking and choosing whatever argument it takes. All real estate is local and I’m talking about this market. I dont care about every area. When I moved here years ago SD was in a very different part of its cycle than the east coast. Nationally RE markets have rarely if ever to my knowledge moved in unison. What happened the last couple years was not common in the history of residential RE prices in the US. Now that we are back closer to a sense of normalcy I see no reason why they will continue to move in unison with other parts of the country.

Around here we arent relieing on retirees or 2nd homes buyers to prop up our market but you pulled up “some mythical group of bulls” using that argument around here to fit your argument.

As time goes by a house like the one on Babilonia becomes more dated and more functionally obselete. It does not surprise me that something like that could lose value. Additionally one house does not a market make. All it takes is one buyer to want an odd ball house like that and in 2002 they may have gotten luicky and found the only one out there. Unless you have seen the house in person and understand all the issues with it, you can truly understand what was going on with that one.

Regarding the area, it is not the area per se that is problematic but the locations of specific albeit many of the home there. As for the more mainstream areas around here, I see plenty of buyers ready willing and ABLE to buy them all as long as they dont have major flaws and are priced appropriately for the current market they are trying to sell in.

As for investors, you are pulling one out of left field again to support your argument. Around here investors arent buying the homes with few exceptions, they are buying in the low end markets.

[sdrealtor]

CAR
FYI the contingent short sale on Cole Ranch that was listed under $1M just came back on the market. You know the one that half the home buyers in NCC have been lusting after. Lender approved the short sale but wants $1.25M. These things have a way of working themselves out.

[sdrealtor]

CAR
FYI the contingent short sale on Cole Ranch that was listed under $1M just came back on the market. You know the one that half the home buyers in NCC have been lusting after. Lender approved the short sale but wants $1.25M. These things have a way of working themselves out.

[sdrealtor]

CAR
FYI the contingent short sale on Cole Ranch that was listed under $1M just came back on the market. You know the one that half the home buyers in NCC have been lusting after. Lender approved the short sale but wants $1.25M. These things have a way of working themselves out.

[sdrealtor]

CAR
FYI the contingent short sale on Cole Ranch that was listed under $1M just came back on the market. You know the one that half the home buyers in NCC have been lusting after. Lender approved the short sale but wants $1.25M. These things have a way of working themselves out.

[sdrealtor]

CAR
FYI the contingent short sale on Cole Ranch that was listed under $1M just came back on the market. You know the one that half the home buyers in NCC have been lusting after. Lender approved the short sale but wants $1.25M. These things have a way of working themselves out.

[bearishgurl]

[quote=pemeliza]We are very happy with our purchase. We ended finding something in Mission Hills with the kind of privacy and lot size that you would expect in La Costa Estates or Mt. Helix. We didn’t get much of a house but it is a retirement home so we really didn’t need much. . . Another area we really like in the county is Mt. Helix. I know you guys want to be in North County, but when I drive up onto Mt. Helix I am reminded of why I love San Diego … beautiful custom estate homes on large lots, all unique and well maintained, and most with great views. That location is hard to beat as well but again you have to deal with the schools and being close to your employment. . . Then along came the place in Mission Hills and it seemed like it satisfied our strong desire for privacy and lot size but came with the added bonus of being both coastal and close to downtown, Balboa Park, Coronado, etc. . . [/quote]

Slight hijack: Yes, pem, I would agree you are very fortunate to find a private lot in central SD and Mission Hills is a jewel, IMO. I, too, love Mt. Helix for different reasons than you. I love modernist and mid-century architecture and there are some real gems up there . . . very, very original homes, some with curved glass even.

However, I absolutely DO NOT want to deal with the maintenance of a septic tank or leechfield. Most of Mt. Helix DOES NOT have sewer available. I have seen the problems it can cause first hand in parts of Bonita and Chula Vista and have several relatives with them in other states, albeit they have MORE LAND (in the other states) to plan and position it better. In addition, I have vertigo and cannot be a passenger in a vehicle going up or down Mt. Helix without becoming extremely lightheaded and could eventually go into shock (same with SR-1 along parts of the CA coast . . . lol). I find it scary to drive downhill in the dark there also (lack of lighting and guardrails). Mt. Helix really is a very unique location, but I believe your property in MH will prove to be a better investment.

[bearishgurl]

[quote=pemeliza]We are very happy with our purchase. We ended finding something in Mission Hills with the kind of privacy and lot size that you would expect in La Costa Estates or Mt. Helix. We didn’t get much of a house but it is a retirement home so we really didn’t need much. . . Another area we really like in the county is Mt. Helix. I know you guys want to be in North County, but when I drive up onto Mt. Helix I am reminded of why I love San Diego … beautiful custom estate homes on large lots, all unique and well maintained, and most with great views. That location is hard to beat as well but again you have to deal with the schools and being close to your employment. . . Then along came the place in Mission Hills and it seemed like it satisfied our strong desire for privacy and lot size but came with the added bonus of being both coastal and close to downtown, Balboa Park, Coronado, etc. . . [/quote]

Slight hijack: Yes, pem, I would agree you are very fortunate to find a private lot in central SD and Mission Hills is a jewel, IMO. I, too, love Mt. Helix for different reasons than you. I love modernist and mid-century architecture and there are some real gems up there . . . very, very original homes, some with curved glass even.

However, I absolutely DO NOT want to deal with the maintenance of a septic tank or leechfield. Most of Mt. Helix DOES NOT have sewer available. I have seen the problems it can cause first hand in parts of Bonita and Chula Vista and have several relatives with them in other states, albeit they have MORE LAND (in the other states) to plan and position it better. In addition, I have vertigo and cannot be a passenger in a vehicle going up or down Mt. Helix without becoming extremely lightheaded and could eventually go into shock (same with SR-1 along parts of the CA coast . . . lol). I find it scary to drive downhill in the dark there also (lack of lighting and guardrails). Mt. Helix really is a very unique location, but I believe your property in MH will prove to be a better investment.

[bearishgurl]

[quote=pemeliza]We are very happy with our purchase. We ended finding something in Mission Hills with the kind of privacy and lot size that you would expect in La Costa Estates or Mt. Helix. We didn’t get much of a house but it is a retirement home so we really didn’t need much. . . Another area we really like in the county is Mt. Helix. I know you guys want to be in North County, but when I drive up onto Mt. Helix I am reminded of why I love San Diego … beautiful custom estate homes on large lots, all unique and well maintained, and most with great views. That location is hard to beat as well but again you have to deal with the schools and being close to your employment. . . Then along came the place in Mission Hills and it seemed like it satisfied our strong desire for privacy and lot size but came with the added bonus of being both coastal and close to downtown, Balboa Park, Coronado, etc. . . [/quote]

Slight hijack: Yes, pem, I would agree you are very fortunate to find a private lot in central SD and Mission Hills is a jewel, IMO. I, too, love Mt. Helix for different reasons than you. I love modernist and mid-century architecture and there are some real gems up there . . . very, very original homes, some with curved glass even.

However, I absolutely DO NOT want to deal with the maintenance of a septic tank or leechfield. Most of Mt. Helix DOES NOT have sewer available. I have seen the problems it can cause first hand in parts of Bonita and Chula Vista and have several relatives with them in other states, albeit they have MORE LAND (in the other states) to plan and position it better. In addition, I have vertigo and cannot be a passenger in a vehicle going up or down Mt. Helix without becoming extremely lightheaded and could eventually go into shock (same with SR-1 along parts of the CA coast . . . lol). I find it scary to drive downhill in the dark there also (lack of lighting and guardrails). Mt. Helix really is a very unique location, but I believe your property in MH will prove to be a better investment.

[bearishgurl]

[quote=pemeliza]We are very happy with our purchase. We ended finding something in Mission Hills with the kind of privacy and lot size that you would expect in La Costa Estates or Mt. Helix. We didn’t get much of a house but it is a retirement home so we really didn’t need much. . . Another area we really like in the county is Mt. Helix. I know you guys want to be in North County, but when I drive up onto Mt. Helix I am reminded of why I love San Diego … beautiful custom estate homes on large lots, all unique and well maintained, and most with great views. That location is hard to beat as well but again you have to deal with the schools and being close to your employment. . . Then along came the place in Mission Hills and it seemed like it satisfied our strong desire for privacy and lot size but came with the added bonus of being both coastal and close to downtown, Balboa Park, Coronado, etc. . . [/quote]

Slight hijack: Yes, pem, I would agree you are very fortunate to find a private lot in central SD and Mission Hills is a jewel, IMO. I, too, love Mt. Helix for different reasons than you. I love modernist and mid-century architecture and there are some real gems up there . . . very, very original homes, some with curved glass even.

However, I absolutely DO NOT want to deal with the maintenance of a septic tank or leechfield. Most of Mt. Helix DOES NOT have sewer available. I have seen the problems it can cause first hand in parts of Bonita and Chula Vista and have several relatives with them in other states, albeit they have MORE LAND (in the other states) to plan and position it better. In addition, I have vertigo and cannot be a passenger in a vehicle going up or down Mt. Helix without becoming extremely lightheaded and could eventually go into shock (same with SR-1 along parts of the CA coast . . . lol). I find it scary to drive downhill in the dark there also (lack of lighting and guardrails). Mt. Helix really is a very unique location, but I believe your property in MH will prove to be a better investment.

[Author]

Posts