Upper MId to Lower High End Market in NCC

[njtosd]

[quote=sdrealtor]nj
I think we would both agree that Detroit is an outlier and perhaps the area hardest hit by urban decay. Certainly not a good yardstick to compare a place like that that has declined incredibly with an area that has improved so much.

Based upon the CPI figures you quoted it sounds like the house still has potential downside if it sells for the asking price(10% max).

OK, more information. The house is in 92024 which has grown in desiareability over the last 22 years. That should be reflected in incomes with wealthier folks migrating in as well as increasing wages for all longtime residents. Anyone able to dig up median HH income in 92024 in 1988 and 2010.[/quote]

Regarding Detroit – just using it as an extreme example to illustrate a point. Median HH income for 92024 in 1988 was about $32.400; in 2008 (most recent I could find) in was about $82,200. If you want to take into account the CPI, it seems the adjusted median HH income has increased about 50%.

[sdrealtor]

Got it on Detroit.

Thanks for the numbers for 92024 HH income. On a nominal basis the median income in 92024 is up 153%. Thats a pretty astounding number when you consider that interest rates are also at historical lows.

Paging CAR.. what say you?

[sdrealtor]

Got it on Detroit.

Thanks for the numbers for 92024 HH income. On a nominal basis the median income in 92024 is up 153%. Thats a pretty astounding number when you consider that interest rates are also at historical lows.

Paging CAR.. what say you?

[sdrealtor]

Got it on Detroit.

Thanks for the numbers for 92024 HH income. On a nominal basis the median income in 92024 is up 153%. Thats a pretty astounding number when you consider that interest rates are also at historical lows.

Paging CAR.. what say you?

[sdrealtor]

Got it on Detroit.

Thanks for the numbers for 92024 HH income. On a nominal basis the median income in 92024 is up 153%. Thats a pretty astounding number when you consider that interest rates are also at historical lows.

Paging CAR.. what say you?

[sdrealtor]

Got it on Detroit.

Thanks for the numbers for 92024 HH income. On a nominal basis the median income in 92024 is up 153%. Thats a pretty astounding number when you consider that interest rates are also at historical lows.

Paging CAR.. what say you?

[CA renter]

[quote=sdrealtor]CAR
I beleive you are off, way off on both of your dates. Prices rose until 1990 and in 1999 I sold a property in 92024 for a price far beyond prior peak levels. It was sold at an average price for the area which substantiates prices recovering well before 2000. It was nothing special, just an average encinitas townhome.

update: Just did some poking around tax records. It looks like prices took a big jump starting in 1988 and through 1990 in 92024. Looks like they had recovered by late 96/early 97.[/quote]

Yes, I said above that it was close to the peak:

[quote=CA renter]Close enough. The peak of the last cycle in California was ~1989/1990, depending on the market.[/quote]

Prices rose in 92024 because there were a lot of changes in this zip — as you know, Leucadia didn’t go through and all the shopping centers you and I go to were not there in 1988, etc.

If you look at areas that didn’t have these significant changes, whether it’s in L.A., O.C., or S.D., you’ll see that 1989/1990 was the relative peak and that prices didn’t recover until 1998-2001 (which is why I said *about* 2000), depending on the location and other variables mentioned above.

[CA renter]

[quote=sdrealtor]CAR
I beleive you are off, way off on both of your dates. Prices rose until 1990 and in 1999 I sold a property in 92024 for a price far beyond prior peak levels. It was sold at an average price for the area which substantiates prices recovering well before 2000. It was nothing special, just an average encinitas townhome.

update: Just did some poking around tax records. It looks like prices took a big jump starting in 1988 and through 1990 in 92024. Looks like they had recovered by late 96/early 97.[/quote]

Yes, I said above that it was close to the peak:

[quote=CA renter]Close enough. The peak of the last cycle in California was ~1989/1990, depending on the market.[/quote]

Prices rose in 92024 because there were a lot of changes in this zip — as you know, Leucadia didn’t go through and all the shopping centers you and I go to were not there in 1988, etc.

If you look at areas that didn’t have these significant changes, whether it’s in L.A., O.C., or S.D., you’ll see that 1989/1990 was the relative peak and that prices didn’t recover until 1998-2001 (which is why I said *about* 2000), depending on the location and other variables mentioned above.

[CA renter]

[quote=sdrealtor]CAR
I beleive you are off, way off on both of your dates. Prices rose until 1990 and in 1999 I sold a property in 92024 for a price far beyond prior peak levels. It was sold at an average price for the area which substantiates prices recovering well before 2000. It was nothing special, just an average encinitas townhome.

update: Just did some poking around tax records. It looks like prices took a big jump starting in 1988 and through 1990 in 92024. Looks like they had recovered by late 96/early 97.[/quote]

Yes, I said above that it was close to the peak:

[quote=CA renter]Close enough. The peak of the last cycle in California was ~1989/1990, depending on the market.[/quote]

Prices rose in 92024 because there were a lot of changes in this zip — as you know, Leucadia didn’t go through and all the shopping centers you and I go to were not there in 1988, etc.

If you look at areas that didn’t have these significant changes, whether it’s in L.A., O.C., or S.D., you’ll see that 1989/1990 was the relative peak and that prices didn’t recover until 1998-2001 (which is why I said *about* 2000), depending on the location and other variables mentioned above.

[CA renter]

[quote=sdrealtor]CAR
I beleive you are off, way off on both of your dates. Prices rose until 1990 and in 1999 I sold a property in 92024 for a price far beyond prior peak levels. It was sold at an average price for the area which substantiates prices recovering well before 2000. It was nothing special, just an average encinitas townhome.

update: Just did some poking around tax records. It looks like prices took a big jump starting in 1988 and through 1990 in 92024. Looks like they had recovered by late 96/early 97.[/quote]

Yes, I said above that it was close to the peak:

[quote=CA renter]Close enough. The peak of the last cycle in California was ~1989/1990, depending on the market.[/quote]

Prices rose in 92024 because there were a lot of changes in this zip — as you know, Leucadia didn’t go through and all the shopping centers you and I go to were not there in 1988, etc.

If you look at areas that didn’t have these significant changes, whether it’s in L.A., O.C., or S.D., you’ll see that 1989/1990 was the relative peak and that prices didn’t recover until 1998-2001 (which is why I said *about* 2000), depending on the location and other variables mentioned above.

[CA renter]

[quote=sdrealtor]CAR
I beleive you are off, way off on both of your dates. Prices rose until 1990 and in 1999 I sold a property in 92024 for a price far beyond prior peak levels. It was sold at an average price for the area which substantiates prices recovering well before 2000. It was nothing special, just an average encinitas townhome.

update: Just did some poking around tax records. It looks like prices took a big jump starting in 1988 and through 1990 in 92024. Looks like they had recovered by late 96/early 97.[/quote]

Yes, I said above that it was close to the peak:

[quote=CA renter]Close enough. The peak of the last cycle in California was ~1989/1990, depending on the market.[/quote]

Prices rose in 92024 because there were a lot of changes in this zip — as you know, Leucadia didn’t go through and all the shopping centers you and I go to were not there in 1988, etc.

If you look at areas that didn’t have these significant changes, whether it’s in L.A., O.C., or S.D., you’ll see that 1989/1990 was the relative peak and that prices didn’t recover until 1998-2001 (which is why I said *about* 2000), depending on the location and other variables mentioned above.

[bearishgurl]

Just a little background. I just checked and it was 1986, NOT 1988 that Encinitas became incorporated, wrapping three other uninc communities in with it. After this happened, I would assume that when the residents in Encinitas, as well as those residing in its “annexed in” adjacent communities officially got “on the map” they recieved a lot more services together than individually, i.e. street lights, sidewalks, storm drains, clout to bargain for flood control, consolidated fire district, etc. After this happened, the “City of Encinitas” allowed tract builders to come into the “proper” AND the “annexations” to build and thus shore up their tax base. It was at that time when the new tracts came in that the property values there began to climb.

I worked for a large organization in the early 80’s and had dtn SD co-workers who commuted from Encinitas, Cardiff, Leucadia and Olivenhain. One was a horsewoman who lived on a ranch. I remember her going out on disability for a few months and we all signed a card and sent it to her. I’m almost positive she had a Vista P.O. box at that time. I don’t think there was mail delivery in Encinitas east of the 5 until it became incorporated (or thereabouts). Perhaps there is another Pigg who lived there at the time and can help in this regard.

I just remember Cardiff and Leucadia having small trailer parks on and also across the st from the beach and stopping for split pea soup somewhere on the road around there. IIRC, there was a very small Safeway in Cardiff (later Vons). The rest were little mom/pop markets along that whole stretch of Pac Hwy. I’ve got a 1975 (or ’77) SD County Thomas Guide somewhere (quite thin) . . . just have to locate it . . . lol.

[bearishgurl]

Just a little background. I just checked and it was 1986, NOT 1988 that Encinitas became incorporated, wrapping three other uninc communities in with it. After this happened, I would assume that when the residents in Encinitas, as well as those residing in its “annexed in” adjacent communities officially got “on the map” they recieved a lot more services together than individually, i.e. street lights, sidewalks, storm drains, clout to bargain for flood control, consolidated fire district, etc. After this happened, the “City of Encinitas” allowed tract builders to come into the “proper” AND the “annexations” to build and thus shore up their tax base. It was at that time when the new tracts came in that the property values there began to climb.

I worked for a large organization in the early 80’s and had dtn SD co-workers who commuted from Encinitas, Cardiff, Leucadia and Olivenhain. One was a horsewoman who lived on a ranch. I remember her going out on disability for a few months and we all signed a card and sent it to her. I’m almost positive she had a Vista P.O. box at that time. I don’t think there was mail delivery in Encinitas east of the 5 until it became incorporated (or thereabouts). Perhaps there is another Pigg who lived there at the time and can help in this regard.

I just remember Cardiff and Leucadia having small trailer parks on and also across the st from the beach and stopping for split pea soup somewhere on the road around there. IIRC, there was a very small Safeway in Cardiff (later Vons). The rest were little mom/pop markets along that whole stretch of Pac Hwy. I’ve got a 1975 (or ’77) SD County Thomas Guide somewhere (quite thin) . . . just have to locate it . . . lol.

[bearishgurl]

Just a little background. I just checked and it was 1986, NOT 1988 that Encinitas became incorporated, wrapping three other uninc communities in with it. After this happened, I would assume that when the residents in Encinitas, as well as those residing in its “annexed in” adjacent communities officially got “on the map” they recieved a lot more services together than individually, i.e. street lights, sidewalks, storm drains, clout to bargain for flood control, consolidated fire district, etc. After this happened, the “City of Encinitas” allowed tract builders to come into the “proper” AND the “annexations” to build and thus shore up their tax base. It was at that time when the new tracts came in that the property values there began to climb.

I worked for a large organization in the early 80’s and had dtn SD co-workers who commuted from Encinitas, Cardiff, Leucadia and Olivenhain. One was a horsewoman who lived on a ranch. I remember her going out on disability for a few months and we all signed a card and sent it to her. I’m almost positive she had a Vista P.O. box at that time. I don’t think there was mail delivery in Encinitas east of the 5 until it became incorporated (or thereabouts). Perhaps there is another Pigg who lived there at the time and can help in this regard.

I just remember Cardiff and Leucadia having small trailer parks on and also across the st from the beach and stopping for split pea soup somewhere on the road around there. IIRC, there was a very small Safeway in Cardiff (later Vons). The rest were little mom/pop markets along that whole stretch of Pac Hwy. I’ve got a 1975 (or ’77) SD County Thomas Guide somewhere (quite thin) . . . just have to locate it . . . lol.

[bearishgurl]

Just a little background. I just checked and it was 1986, NOT 1988 that Encinitas became incorporated, wrapping three other uninc communities in with it. After this happened, I would assume that when the residents in Encinitas, as well as those residing in its “annexed in” adjacent communities officially got “on the map” they recieved a lot more services together than individually, i.e. street lights, sidewalks, storm drains, clout to bargain for flood control, consolidated fire district, etc. After this happened, the “City of Encinitas” allowed tract builders to come into the “proper” AND the “annexations” to build and thus shore up their tax base. It was at that time when the new tracts came in that the property values there began to climb.

I worked for a large organization in the early 80’s and had dtn SD co-workers who commuted from Encinitas, Cardiff, Leucadia and Olivenhain. One was a horsewoman who lived on a ranch. I remember her going out on disability for a few months and we all signed a card and sent it to her. I’m almost positive she had a Vista P.O. box at that time. I don’t think there was mail delivery in Encinitas east of the 5 until it became incorporated (or thereabouts). Perhaps there is another Pigg who lived there at the time and can help in this regard.

I just remember Cardiff and Leucadia having small trailer parks on and also across the st from the beach and stopping for split pea soup somewhere on the road around there. IIRC, there was a very small Safeway in Cardiff (later Vons). The rest were little mom/pop markets along that whole stretch of Pac Hwy. I’ve got a 1975 (or ’77) SD County Thomas Guide somewhere (quite thin) . . . just have to locate it . . . lol.

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