Upper MId to Lower High End Market in NCC

[DaCounselor]

So that REO sold for 18% less than its 12/05 sale of $1.425 mil. Not sure if 12/05 was the peak for that neighborhood or whether values went up further in ’06.

[sdrealtor]

That was probably close to peak price for it but not quite. They also put alot of money into remodelling it (new kitchen, flooring etc.) but took alot of things with them (vanities, lights, sinks, door knobs etc.) when they lost it. All things considered I’d call it about 25% off peak.

[sdrealtor]

That was probably close to peak price for it but not quite. They also put alot of money into remodelling it (new kitchen, flooring etc.) but took alot of things with them (vanities, lights, sinks, door knobs etc.) when they lost it. All things considered I’d call it about 25% off peak.

[sdrealtor]

That was probably close to peak price for it but not quite. They also put alot of money into remodelling it (new kitchen, flooring etc.) but took alot of things with them (vanities, lights, sinks, door knobs etc.) when they lost it. All things considered I’d call it about 25% off peak.

[sdrealtor]

That was probably close to peak price for it but not quite. They also put alot of money into remodelling it (new kitchen, flooring etc.) but took alot of things with them (vanities, lights, sinks, door knobs etc.) when they lost it. All things considered I’d call it about 25% off peak.

[sdrealtor]

That was probably close to peak price for it but not quite. They also put alot of money into remodelling it (new kitchen, flooring etc.) but took alot of things with them (vanities, lights, sinks, door knobs etc.) when they lost it. All things considered I’d call it about 25% off peak.

[Fearful]

[quote=sdrealtor]All things considered I’d call it about 25% off peak.[/quote]

Which is about right, if you think about it, for this point in the unwind.

For people arguing against sdrealtor’s observations: Why would wealth suddenly disappear? Why should it? Where would it go, all of a sudden?

Expect a long, slow grind.

[Fearful]

[quote=sdrealtor]All things considered I’d call it about 25% off peak.[/quote]

Which is about right, if you think about it, for this point in the unwind.

For people arguing against sdrealtor’s observations: Why would wealth suddenly disappear? Why should it? Where would it go, all of a sudden?

Expect a long, slow grind.

[Fearful]

[quote=sdrealtor]All things considered I’d call it about 25% off peak.[/quote]

Which is about right, if you think about it, for this point in the unwind.

For people arguing against sdrealtor’s observations: Why would wealth suddenly disappear? Why should it? Where would it go, all of a sudden?

Expect a long, slow grind.

[Fearful]

[quote=sdrealtor]All things considered I’d call it about 25% off peak.[/quote]

Which is about right, if you think about it, for this point in the unwind.

For people arguing against sdrealtor’s observations: Why would wealth suddenly disappear? Why should it? Where would it go, all of a sudden?

Expect a long, slow grind.

[Fearful]

[quote=sdrealtor]All things considered I’d call it about 25% off peak.[/quote]

Which is about right, if you think about it, for this point in the unwind.

For people arguing against sdrealtor’s observations: Why would wealth suddenly disappear? Why should it? Where would it go, all of a sudden?

Expect a long, slow grind.

[sdrealtor]

[quote=bearishgurl][quote=sdrealtor]
FYI, the one we are talking aboout that is listed at $950K is a short sale and should sell for about that. If it wasnt a short sale and the sellers listed during the prime selling season like the one across the street they would have no problem getting $1M maybe more. The one across the street is actually pretty comparable inside except it has a large sub zero fridge (its not a walk in unless you smoke enough and care to climb in). Its hard to say what it will sell for but I dont think it should sell for much more than $1.1M and that would require a short sale. The difference between the two homes should be no more than $100K.

I’m done …[/quote]

Okay, sdr, if I have this correct your *expert opinion* for the eventual sales price of 1031 Calle Anacapa is $950K (essentially the asking price). Your *expert opinion* on the eventual sales price of 1030 Calle Anacapa is $1.1M. Thanks for cluing in us clueless Piggs that both properties have been ATM’d to death (as if that makes any difference in what whey are *worth*).

Fair enough. Now that you’re “done,” you’re free to have a smoke. And, in the future, don’t ask for opinions from poor-slob Piggs who aren’t “experts” if you don’t want them.[/quote]

Time to roll the tape as the house at 1031 Calle Anacapa has closed. BearishGurl prediction was no better than 875K. My prediction was defintely 950K and if they were selling in Spring they could easily get $1M.

The house closed for $986,000. Enuf said..

[sdrealtor]

[quote=bearishgurl][quote=sdrealtor]
FYI, the one we are talking aboout that is listed at $950K is a short sale and should sell for about that. If it wasnt a short sale and the sellers listed during the prime selling season like the one across the street they would have no problem getting $1M maybe more. The one across the street is actually pretty comparable inside except it has a large sub zero fridge (its not a walk in unless you smoke enough and care to climb in). Its hard to say what it will sell for but I dont think it should sell for much more than $1.1M and that would require a short sale. The difference between the two homes should be no more than $100K.

I’m done …[/quote]

Okay, sdr, if I have this correct your *expert opinion* for the eventual sales price of 1031 Calle Anacapa is $950K (essentially the asking price). Your *expert opinion* on the eventual sales price of 1030 Calle Anacapa is $1.1M. Thanks for cluing in us clueless Piggs that both properties have been ATM’d to death (as if that makes any difference in what whey are *worth*).

Fair enough. Now that you’re “done,” you’re free to have a smoke. And, in the future, don’t ask for opinions from poor-slob Piggs who aren’t “experts” if you don’t want them.[/quote]

Time to roll the tape as the house at 1031 Calle Anacapa has closed. BearishGurl prediction was no better than 875K. My prediction was defintely 950K and if they were selling in Spring they could easily get $1M.

The house closed for $986,000. Enuf said..

[sdrealtor]

[quote=bearishgurl][quote=sdrealtor]
FYI, the one we are talking aboout that is listed at $950K is a short sale and should sell for about that. If it wasnt a short sale and the sellers listed during the prime selling season like the one across the street they would have no problem getting $1M maybe more. The one across the street is actually pretty comparable inside except it has a large sub zero fridge (its not a walk in unless you smoke enough and care to climb in). Its hard to say what it will sell for but I dont think it should sell for much more than $1.1M and that would require a short sale. The difference between the two homes should be no more than $100K.

I’m done …[/quote]

Okay, sdr, if I have this correct your *expert opinion* for the eventual sales price of 1031 Calle Anacapa is $950K (essentially the asking price). Your *expert opinion* on the eventual sales price of 1030 Calle Anacapa is $1.1M. Thanks for cluing in us clueless Piggs that both properties have been ATM’d to death (as if that makes any difference in what whey are *worth*).

Fair enough. Now that you’re “done,” you’re free to have a smoke. And, in the future, don’t ask for opinions from poor-slob Piggs who aren’t “experts” if you don’t want them.[/quote]

Time to roll the tape as the house at 1031 Calle Anacapa has closed. BearishGurl prediction was no better than 875K. My prediction was defintely 950K and if they were selling in Spring they could easily get $1M.

The house closed for $986,000. Enuf said..

[sdrealtor]

[quote=bearishgurl][quote=sdrealtor]
FYI, the one we are talking aboout that is listed at $950K is a short sale and should sell for about that. If it wasnt a short sale and the sellers listed during the prime selling season like the one across the street they would have no problem getting $1M maybe more. The one across the street is actually pretty comparable inside except it has a large sub zero fridge (its not a walk in unless you smoke enough and care to climb in). Its hard to say what it will sell for but I dont think it should sell for much more than $1.1M and that would require a short sale. The difference between the two homes should be no more than $100K.

I’m done …[/quote]

Okay, sdr, if I have this correct your *expert opinion* for the eventual sales price of 1031 Calle Anacapa is $950K (essentially the asking price). Your *expert opinion* on the eventual sales price of 1030 Calle Anacapa is $1.1M. Thanks for cluing in us clueless Piggs that both properties have been ATM’d to death (as if that makes any difference in what whey are *worth*).

Fair enough. Now that you’re “done,” you’re free to have a smoke. And, in the future, don’t ask for opinions from poor-slob Piggs who aren’t “experts” if you don’t want them.[/quote]

Time to roll the tape as the house at 1031 Calle Anacapa has closed. BearishGurl prediction was no better than 875K. My prediction was defintely 950K and if they were selling in Spring they could easily get $1M.

The house closed for $986,000. Enuf said..

[Author]

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