what next for LCV and LCG?

[pemeliza]

These short sales just closed. The one on Corte Morera got done fairly quickly I think. Looks like short sales are where the deals are now and they seem to be closing pretty much all the time now.

http://www.sdlookup.com/MLS-080051262-3020_Camino_Serbal_Carlsbad_CA_92009

http://www.sdlookup.com/MLS-090031302

Here is another that was I was tracking in LCG that got done slightly under ask.

http://www.sdlookup.com/MLS-080084620-2413_Lapis_Rd_Carlsbad_CA_92009

Any chance of this house going for mid 8’s?

http://www.sdlookup.com/MLS-090017842-6839_Helenite_Carlsbad_CA_92009

[sdrealtor]

Cant beleive Serbal finally closed. That one took a couple years.

Morera did get done quickly because of the bank involved. I’ve done a couple with that bank and it was probably a portfolio loan.

Dont want to say no mid 800’s on LCG house because 850K is the magic number these days. Anything over that is pretty tough unless its a screaming deal. It does say the short sale is approved so it could probably go at or about the current asking price. With that said, dont know that the bank would take mid 800’s instead of taking it back as an REO.

Saw one in Encinitas listed at $1.2M on Ocean Bluff. I asked how many offers and the agent said he stopped counting but it was over 10.

[sdrealtor]

Cant beleive Serbal finally closed. That one took a couple years.

Morera did get done quickly because of the bank involved. I’ve done a couple with that bank and it was probably a portfolio loan.

Dont want to say no mid 800’s on LCG house because 850K is the magic number these days. Anything over that is pretty tough unless its a screaming deal. It does say the short sale is approved so it could probably go at or about the current asking price. With that said, dont know that the bank would take mid 800’s instead of taking it back as an REO.

Saw one in Encinitas listed at $1.2M on Ocean Bluff. I asked how many offers and the agent said he stopped counting but it was over 10.

[sdrealtor]

Cant beleive Serbal finally closed. That one took a couple years.

Morera did get done quickly because of the bank involved. I’ve done a couple with that bank and it was probably a portfolio loan.

Dont want to say no mid 800’s on LCG house because 850K is the magic number these days. Anything over that is pretty tough unless its a screaming deal. It does say the short sale is approved so it could probably go at or about the current asking price. With that said, dont know that the bank would take mid 800’s instead of taking it back as an REO.

Saw one in Encinitas listed at $1.2M on Ocean Bluff. I asked how many offers and the agent said he stopped counting but it was over 10.

[sdrealtor]

Cant beleive Serbal finally closed. That one took a couple years.

Morera did get done quickly because of the bank involved. I’ve done a couple with that bank and it was probably a portfolio loan.

Dont want to say no mid 800’s on LCG house because 850K is the magic number these days. Anything over that is pretty tough unless its a screaming deal. It does say the short sale is approved so it could probably go at or about the current asking price. With that said, dont know that the bank would take mid 800’s instead of taking it back as an REO.

Saw one in Encinitas listed at $1.2M on Ocean Bluff. I asked how many offers and the agent said he stopped counting but it was over 10.

[sdrealtor]

Cant beleive Serbal finally closed. That one took a couple years.

Morera did get done quickly because of the bank involved. I’ve done a couple with that bank and it was probably a portfolio loan.

Dont want to say no mid 800’s on LCG house because 850K is the magic number these days. Anything over that is pretty tough unless its a screaming deal. It does say the short sale is approved so it could probably go at or about the current asking price. With that said, dont know that the bank would take mid 800’s instead of taking it back as an REO.

Saw one in Encinitas listed at $1.2M on Ocean Bluff. I asked how many offers and the agent said he stopped counting but it was over 10.

[pemeliza]

“because 850K is the magic number these days”

It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.

The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.

[pemeliza]

“because 850K is the magic number these days”

It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.

The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.

[pemeliza]

“because 850K is the magic number these days”

It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.

The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.

[pemeliza]

“because 850K is the magic number these days”

It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.

The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.

[pemeliza]

“because 850K is the magic number these days”

It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.

The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.

[sdrealtor]

Agree on all points except one. I’m surprised at how many buyers there were for a $1.2M house.

[sdrealtor]

Agree on all points except one. I’m surprised at how many buyers there were for a $1.2M house.

[sdrealtor]

Agree on all points except one. I’m surprised at how many buyers there were for a $1.2M house.

[sdrealtor]

Agree on all points except one. I’m surprised at how many buyers there were for a $1.2M house.

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