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  • March 10, 2011 at 10:09 AM #676759
    SD Realtor
    Participant

    lepetit did you have your agent call the LA on this one? Kind of an interesting listing because the amount of debt held by the seller would imply a short sale however if they reduced the second loan balance then it will be a regular sale.

    Anyways I don’t see you getting a view for 350 ppsf in CV. You will definitely see inventory at 350 ppsf though. You can even get a little bit below that but there will be a dropoff fast and they may not be of the quality with respect to proximity to backing up to busy streets and other issues like that. Especially with as many power lines as there are.

    March 10, 2011 at 10:21 AM #675614
    lepetitangel
    Participant

    Thanks SDrealtor.

    Are you saying that there may be inventory at below $350/sqft or cheaper (I’ve seen some close to or below $300/sqft). But those may have issues that I mentioned, backing to major streets, huge powerline in sight, etc.

    March 10, 2011 at 10:21 AM #675670
    lepetitangel
    Participant

    Thanks SDrealtor.

    Are you saying that there may be inventory at below $350/sqft or cheaper (I’ve seen some close to or below $300/sqft). But those may have issues that I mentioned, backing to major streets, huge powerline in sight, etc.

    March 10, 2011 at 10:21 AM #676282
    lepetitangel
    Participant

    Thanks SDrealtor.

    Are you saying that there may be inventory at below $350/sqft or cheaper (I’ve seen some close to or below $300/sqft). But those may have issues that I mentioned, backing to major streets, huge powerline in sight, etc.

    March 10, 2011 at 10:21 AM #676420
    lepetitangel
    Participant

    Thanks SDrealtor.

    Are you saying that there may be inventory at below $350/sqft or cheaper (I’ve seen some close to or below $300/sqft). But those may have issues that I mentioned, backing to major streets, huge powerline in sight, etc.

    March 10, 2011 at 10:21 AM #676764
    lepetitangel
    Participant

    Thanks SDrealtor.

    Are you saying that there may be inventory at below $350/sqft or cheaper (I’ve seen some close to or below $300/sqft). But those may have issues that I mentioned, backing to major streets, huge powerline in sight, etc.

    March 10, 2011 at 12:02 PM #675673
    sdrealtor
    Participant

    I’m gonna disagree. You can get a nice house for close to $300/sq ft in CV but you better damn well have good representation and be ready to strike and you should be able to get one with a view under $350.

    People told my client and I he couldnt get a nice house west of the 5 in Encinitas for under $300/sf. Guess what, $250/sq ft later on almost 1/2 acre in a 4700 sq ft custom house with pool we proved them wrong. You only need one and there may only be one. Make sure its you that gets it!

    Heck SD R bought one on the courthouse steps on Lago Di Grata and flipped it to an end buyer who paid $292/sq ft. I refuse to believe you cant get a nice view house for $350/sf or less.

    March 10, 2011 at 12:02 PM #675730
    sdrealtor
    Participant

    I’m gonna disagree. You can get a nice house for close to $300/sq ft in CV but you better damn well have good representation and be ready to strike and you should be able to get one with a view under $350.

    People told my client and I he couldnt get a nice house west of the 5 in Encinitas for under $300/sf. Guess what, $250/sq ft later on almost 1/2 acre in a 4700 sq ft custom house with pool we proved them wrong. You only need one and there may only be one. Make sure its you that gets it!

    Heck SD R bought one on the courthouse steps on Lago Di Grata and flipped it to an end buyer who paid $292/sq ft. I refuse to believe you cant get a nice view house for $350/sf or less.

    March 10, 2011 at 12:02 PM #676342
    sdrealtor
    Participant

    I’m gonna disagree. You can get a nice house for close to $300/sq ft in CV but you better damn well have good representation and be ready to strike and you should be able to get one with a view under $350.

    People told my client and I he couldnt get a nice house west of the 5 in Encinitas for under $300/sf. Guess what, $250/sq ft later on almost 1/2 acre in a 4700 sq ft custom house with pool we proved them wrong. You only need one and there may only be one. Make sure its you that gets it!

    Heck SD R bought one on the courthouse steps on Lago Di Grata and flipped it to an end buyer who paid $292/sq ft. I refuse to believe you cant get a nice view house for $350/sf or less.

    March 10, 2011 at 12:02 PM #676478
    sdrealtor
    Participant

    I’m gonna disagree. You can get a nice house for close to $300/sq ft in CV but you better damn well have good representation and be ready to strike and you should be able to get one with a view under $350.

    People told my client and I he couldnt get a nice house west of the 5 in Encinitas for under $300/sf. Guess what, $250/sq ft later on almost 1/2 acre in a 4700 sq ft custom house with pool we proved them wrong. You only need one and there may only be one. Make sure its you that gets it!

    Heck SD R bought one on the courthouse steps on Lago Di Grata and flipped it to an end buyer who paid $292/sq ft. I refuse to believe you cant get a nice view house for $350/sf or less.

    March 10, 2011 at 12:02 PM #676824
    sdrealtor
    Participant

    I’m gonna disagree. You can get a nice house for close to $300/sq ft in CV but you better damn well have good representation and be ready to strike and you should be able to get one with a view under $350.

    People told my client and I he couldnt get a nice house west of the 5 in Encinitas for under $300/sf. Guess what, $250/sq ft later on almost 1/2 acre in a 4700 sq ft custom house with pool we proved them wrong. You only need one and there may only be one. Make sure its you that gets it!

    Heck SD R bought one on the courthouse steps on Lago Di Grata and flipped it to an end buyer who paid $292/sq ft. I refuse to believe you cant get a nice view house for $350/sf or less.

    March 10, 2011 at 1:33 PM #675728
    SD Realtor
    Participant

    Yeah we did very well on that Lago Di Grata flip but I am not sure as I would classify that as a nice home. That house easily could have used 100k in upgrades to make it comparable with other homes in the complex. You failed to mention the other comps in the complex to the poster. Feel free to do that as ours was well below market value and we still did good on that flip.

    Did you also mention to the poster that the Lago Di Grata sale was a cash deal?

    Probably not.

    Looking at the current inventory on the MLS with respect to the requirements that the poster made, I will respectfully alter my statement. For instance there are several homes that are 3k sf and hovering in the 900k range so that is very much under 350 ppsf. So yeah I will backtrack on my statement and say you definitely can find a CV home for under 350 ppsf. As to the quality of the homes at 300 ppsf, in the 2500 to 3000 sf range, which is what you are referring to, your first listing is on Lopelia at a bit over 2500 sf (745k) and that is 287 ppsf. The rest of those sized homes under 1M range from 300 to 370 ppsf. The majority of those seem to be around 330 ppsf.

    So yep you can get a nice one for under 350 ppsf. If you have enough patience you will see that come down.

    March 10, 2011 at 1:33 PM #675784
    SD Realtor
    Participant

    Yeah we did very well on that Lago Di Grata flip but I am not sure as I would classify that as a nice home. That house easily could have used 100k in upgrades to make it comparable with other homes in the complex. You failed to mention the other comps in the complex to the poster. Feel free to do that as ours was well below market value and we still did good on that flip.

    Did you also mention to the poster that the Lago Di Grata sale was a cash deal?

    Probably not.

    Looking at the current inventory on the MLS with respect to the requirements that the poster made, I will respectfully alter my statement. For instance there are several homes that are 3k sf and hovering in the 900k range so that is very much under 350 ppsf. So yeah I will backtrack on my statement and say you definitely can find a CV home for under 350 ppsf. As to the quality of the homes at 300 ppsf, in the 2500 to 3000 sf range, which is what you are referring to, your first listing is on Lopelia at a bit over 2500 sf (745k) and that is 287 ppsf. The rest of those sized homes under 1M range from 300 to 370 ppsf. The majority of those seem to be around 330 ppsf.

    So yep you can get a nice one for under 350 ppsf. If you have enough patience you will see that come down.

    March 10, 2011 at 1:33 PM #676396
    SD Realtor
    Participant

    Yeah we did very well on that Lago Di Grata flip but I am not sure as I would classify that as a nice home. That house easily could have used 100k in upgrades to make it comparable with other homes in the complex. You failed to mention the other comps in the complex to the poster. Feel free to do that as ours was well below market value and we still did good on that flip.

    Did you also mention to the poster that the Lago Di Grata sale was a cash deal?

    Probably not.

    Looking at the current inventory on the MLS with respect to the requirements that the poster made, I will respectfully alter my statement. For instance there are several homes that are 3k sf and hovering in the 900k range so that is very much under 350 ppsf. So yeah I will backtrack on my statement and say you definitely can find a CV home for under 350 ppsf. As to the quality of the homes at 300 ppsf, in the 2500 to 3000 sf range, which is what you are referring to, your first listing is on Lopelia at a bit over 2500 sf (745k) and that is 287 ppsf. The rest of those sized homes under 1M range from 300 to 370 ppsf. The majority of those seem to be around 330 ppsf.

    So yep you can get a nice one for under 350 ppsf. If you have enough patience you will see that come down.

    March 10, 2011 at 1:33 PM #676533
    SD Realtor
    Participant

    Yeah we did very well on that Lago Di Grata flip but I am not sure as I would classify that as a nice home. That house easily could have used 100k in upgrades to make it comparable with other homes in the complex. You failed to mention the other comps in the complex to the poster. Feel free to do that as ours was well below market value and we still did good on that flip.

    Did you also mention to the poster that the Lago Di Grata sale was a cash deal?

    Probably not.

    Looking at the current inventory on the MLS with respect to the requirements that the poster made, I will respectfully alter my statement. For instance there are several homes that are 3k sf and hovering in the 900k range so that is very much under 350 ppsf. So yeah I will backtrack on my statement and say you definitely can find a CV home for under 350 ppsf. As to the quality of the homes at 300 ppsf, in the 2500 to 3000 sf range, which is what you are referring to, your first listing is on Lopelia at a bit over 2500 sf (745k) and that is 287 ppsf. The rest of those sized homes under 1M range from 300 to 370 ppsf. The majority of those seem to be around 330 ppsf.

    So yep you can get a nice one for under 350 ppsf. If you have enough patience you will see that come down.

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