[betting on fall]

The first million $ property to go pending this year is. . .
6310 Dwane!!!! Congrats! Can’t say I expected this to be the winner, but it is very big with an outstanding view. Updating the 1980’s decor will be pricey, but when your willing to spend almost 2 million on a home, I guess you have enough extra cash sitting around to make it special.

http://www.sdlookup.com/MLS-086006074-6310_Dwane_Ave_San_Diego_CA_92120

[betting on fall]

The first million $ property to go pending this year is. . .
6310 Dwane!!!! Congrats! Can’t say I expected this to be the winner, but it is very big with an outstanding view. Updating the 1980’s decor will be pricey, but when your willing to spend almost 2 million on a home, I guess you have enough extra cash sitting around to make it special.

http://www.sdlookup.com/MLS-086006074-6310_Dwane_Ave_San_Diego_CA_92120

[betting on fall]

The first million $ property to go pending this year is. . .
6310 Dwane!!!! Congrats! Can’t say I expected this to be the winner, but it is very big with an outstanding view. Updating the 1980’s decor will be pricey, but when your willing to spend almost 2 million on a home, I guess you have enough extra cash sitting around to make it special.

http://www.sdlookup.com/MLS-086006074-6310_Dwane_Ave_San_Diego_CA_92120

[betting on fall]

The first million $ property to go pending this year is. . .
6310 Dwane!!!! Congrats! Can’t say I expected this to be the winner, but it is very big with an outstanding view. Updating the 1980’s decor will be pricey, but when your willing to spend almost 2 million on a home, I guess you have enough extra cash sitting around to make it special.

http://www.sdlookup.com/MLS-086006074-6310_Dwane_Ave_San_Diego_CA_92120

[betting on fall]

The first million $ property to go pending this year is. . .
6310 Dwane!!!! Congrats! Can’t say I expected this to be the winner, but it is very big with an outstanding view. Updating the 1980’s decor will be pricey, but when your willing to spend almost 2 million on a home, I guess you have enough extra cash sitting around to make it special.

http://www.sdlookup.com/MLS-086006074-6310_Dwane_Ave_San_Diego_CA_92120

[betting on fall]

I’m following the Del Cerro market closely and to a lesser extent Mt. Helix.

Here is an interesting stat for Del Cerro that I suspect is mirrored in the other zips:

Closings at over $700,000 between 1/01/2007-10/01/2007- 33
Closings at over $700,000 from 10/01/2007 to today- 3!!

(thanks to my mother in law realtor for the info from the mls)

So the high end market has basically shut down. Why? I think its because buyers have changed and sellers haven’t. The folks left buying are like me- with plenty of time, willing to wait sellers out, no need to buy today. Of course, sellers think they can just wait out the current crop of buyers and someone will come along and pay 2005 prices next week. I think the spring will be a big reality check for sellers.

[betting on fall]

I’m following the Del Cerro market closely and to a lesser extent Mt. Helix.

Here is an interesting stat for Del Cerro that I suspect is mirrored in the other zips:

Closings at over $700,000 between 1/01/2007-10/01/2007- 33
Closings at over $700,000 from 10/01/2007 to today- 3!!

(thanks to my mother in law realtor for the info from the mls)

So the high end market has basically shut down. Why? I think its because buyers have changed and sellers haven’t. The folks left buying are like me- with plenty of time, willing to wait sellers out, no need to buy today. Of course, sellers think they can just wait out the current crop of buyers and someone will come along and pay 2005 prices next week. I think the spring will be a big reality check for sellers.

[betting on fall]

I’m following the Del Cerro market closely and to a lesser extent Mt. Helix.

Here is an interesting stat for Del Cerro that I suspect is mirrored in the other zips:

Closings at over $700,000 between 1/01/2007-10/01/2007- 33
Closings at over $700,000 from 10/01/2007 to today- 3!!

(thanks to my mother in law realtor for the info from the mls)

So the high end market has basically shut down. Why? I think its because buyers have changed and sellers haven’t. The folks left buying are like me- with plenty of time, willing to wait sellers out, no need to buy today. Of course, sellers think they can just wait out the current crop of buyers and someone will come along and pay 2005 prices next week. I think the spring will be a big reality check for sellers.

[betting on fall]

I’m following the Del Cerro market closely and to a lesser extent Mt. Helix.

Here is an interesting stat for Del Cerro that I suspect is mirrored in the other zips:

Closings at over $700,000 between 1/01/2007-10/01/2007- 33
Closings at over $700,000 from 10/01/2007 to today- 3!!

(thanks to my mother in law realtor for the info from the mls)

So the high end market has basically shut down. Why? I think its because buyers have changed and sellers haven’t. The folks left buying are like me- with plenty of time, willing to wait sellers out, no need to buy today. Of course, sellers think they can just wait out the current crop of buyers and someone will come along and pay 2005 prices next week. I think the spring will be a big reality check for sellers.

[betting on fall]

I’m following the Del Cerro market closely and to a lesser extent Mt. Helix.

Here is an interesting stat for Del Cerro that I suspect is mirrored in the other zips:

Closings at over $700,000 between 1/01/2007-10/01/2007- 33
Closings at over $700,000 from 10/01/2007 to today- 3!!

(thanks to my mother in law realtor for the info from the mls)

So the high end market has basically shut down. Why? I think its because buyers have changed and sellers haven’t. The folks left buying are like me- with plenty of time, willing to wait sellers out, no need to buy today. Of course, sellers think they can just wait out the current crop of buyers and someone will come along and pay 2005 prices next week. I think the spring will be a big reality check for sellers.

[betting on fall]

So it took the bank about 180 days and a mark down of 25% from 2005 price to get some offers. Not much evidence that the market is healthy.

5892 Madra seems to be in a race to sell too- marked down again.
These smaller, older markets are supposed to be the healthy ones, but it seems the only the aggressive or desperate are managing to sell.

Hint to Del Cerro sellers: if you have a great place, price it around $900k. If you got a crappy place that needs work, price it under 700k. And if its on Yokahoma Ct, give it away before think about the cliff sliding and taking up the 10 foot wide back yard (disclaimer: I am not a geologist) As evidence by the potential buyers on this thread, you’ll find a buyer at the right price. And since you bought the place at least 20 years ago, your going to get rich anyway.

[betting on fall]

So it took the bank about 180 days and a mark down of 25% from 2005 price to get some offers. Not much evidence that the market is healthy.

5892 Madra seems to be in a race to sell too- marked down again.
These smaller, older markets are supposed to be the healthy ones, but it seems the only the aggressive or desperate are managing to sell.

Hint to Del Cerro sellers: if you have a great place, price it around $900k. If you got a crappy place that needs work, price it under 700k. And if its on Yokahoma Ct, give it away before think about the cliff sliding and taking up the 10 foot wide back yard (disclaimer: I am not a geologist) As evidence by the potential buyers on this thread, you’ll find a buyer at the right price. And since you bought the place at least 20 years ago, your going to get rich anyway.

[betting on fall]

So it took the bank about 180 days and a mark down of 25% from 2005 price to get some offers. Not much evidence that the market is healthy.

5892 Madra seems to be in a race to sell too- marked down again.
These smaller, older markets are supposed to be the healthy ones, but it seems the only the aggressive or desperate are managing to sell.

Hint to Del Cerro sellers: if you have a great place, price it around $900k. If you got a crappy place that needs work, price it under 700k. And if its on Yokahoma Ct, give it away before think about the cliff sliding and taking up the 10 foot wide back yard (disclaimer: I am not a geologist) As evidence by the potential buyers on this thread, you’ll find a buyer at the right price. And since you bought the place at least 20 years ago, your going to get rich anyway.

[betting on fall]

So it took the bank about 180 days and a mark down of 25% from 2005 price to get some offers. Not much evidence that the market is healthy.

5892 Madra seems to be in a race to sell too- marked down again.
These smaller, older markets are supposed to be the healthy ones, but it seems the only the aggressive or desperate are managing to sell.

Hint to Del Cerro sellers: if you have a great place, price it around $900k. If you got a crappy place that needs work, price it under 700k. And if its on Yokahoma Ct, give it away before think about the cliff sliding and taking up the 10 foot wide back yard (disclaimer: I am not a geologist) As evidence by the potential buyers on this thread, you’ll find a buyer at the right price. And since you bought the place at least 20 years ago, your going to get rich anyway.

[betting on fall]

So it took the bank about 180 days and a mark down of 25% from 2005 price to get some offers. Not much evidence that the market is healthy.

5892 Madra seems to be in a race to sell too- marked down again.
These smaller, older markets are supposed to be the healthy ones, but it seems the only the aggressive or desperate are managing to sell.

Hint to Del Cerro sellers: if you have a great place, price it around $900k. If you got a crappy place that needs work, price it under 700k. And if its on Yokahoma Ct, give it away before think about the cliff sliding and taking up the 10 foot wide back yard (disclaimer: I am not a geologist) As evidence by the potential buyers on this thread, you’ll find a buyer at the right price. And since you bought the place at least 20 years ago, your going to get rich anyway.

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