[betting on fall]

David J-
A couple houses listed for about $1m on Lourdes Terrace (just above College Ave.) were pulled off market last fall and rented for- I believe- about $3000. I think rents would be $2300-3000 for a quality house.

Macmichael- I am basically look for a 4 bd (or 3 + an office), 2000-2500 sq ft (or more) anywhere from the areas off College Ave, on the hill, or by to the lake. (I owned, now rent by the lake). In sense, of course, I already won my bet that prices would fall. But I am increasingly willing to bet they will fall more, so I can’t exactly say I would buy even if something met my needs and was a good deal compared to current listings.

But if this thread is any indication, does seem like lots of buyers are hovering around this area, like me, waiting for the right deal on the right house. So my internal “buy now?” debate continues.

[betting on fall]

David J-
A couple houses listed for about $1m on Lourdes Terrace (just above College Ave.) were pulled off market last fall and rented for- I believe- about $3000. I think rents would be $2300-3000 for a quality house.

Macmichael- I am basically look for a 4 bd (or 3 + an office), 2000-2500 sq ft (or more) anywhere from the areas off College Ave, on the hill, or by to the lake. (I owned, now rent by the lake). In sense, of course, I already won my bet that prices would fall. But I am increasingly willing to bet they will fall more, so I can’t exactly say I would buy even if something met my needs and was a good deal compared to current listings.

But if this thread is any indication, does seem like lots of buyers are hovering around this area, like me, waiting for the right deal on the right house. So my internal “buy now?” debate continues.

[betting on fall]

David J-
A couple houses listed for about $1m on Lourdes Terrace (just above College Ave.) were pulled off market last fall and rented for- I believe- about $3000. I think rents would be $2300-3000 for a quality house.

Macmichael- I am basically look for a 4 bd (or 3 + an office), 2000-2500 sq ft (or more) anywhere from the areas off College Ave, on the hill, or by to the lake. (I owned, now rent by the lake). In sense, of course, I already won my bet that prices would fall. But I am increasingly willing to bet they will fall more, so I can’t exactly say I would buy even if something met my needs and was a good deal compared to current listings.

But if this thread is any indication, does seem like lots of buyers are hovering around this area, like me, waiting for the right deal on the right house. So my internal “buy now?” debate continues.

[betting on fall]

David J-
A couple houses listed for about $1m on Lourdes Terrace (just above College Ave.) were pulled off market last fall and rented for- I believe- about $3000. I think rents would be $2300-3000 for a quality house.

Macmichael- I am basically look for a 4 bd (or 3 + an office), 2000-2500 sq ft (or more) anywhere from the areas off College Ave, on the hill, or by to the lake. (I owned, now rent by the lake). In sense, of course, I already won my bet that prices would fall. But I am increasingly willing to bet they will fall more, so I can’t exactly say I would buy even if something met my needs and was a good deal compared to current listings.

But if this thread is any indication, does seem like lots of buyers are hovering around this area, like me, waiting for the right deal on the right house. So my internal “buy now?” debate continues.

[betting on fall]

David J-
A couple houses listed for about $1m on Lourdes Terrace (just above College Ave.) were pulled off market last fall and rented for- I believe- about $3000. I think rents would be $2300-3000 for a quality house.

Macmichael- I am basically look for a 4 bd (or 3 + an office), 2000-2500 sq ft (or more) anywhere from the areas off College Ave, on the hill, or by to the lake. (I owned, now rent by the lake). In sense, of course, I already won my bet that prices would fall. But I am increasingly willing to bet they will fall more, so I can’t exactly say I would buy even if something met my needs and was a good deal compared to current listings.

But if this thread is any indication, does seem like lots of buyers are hovering around this area, like me, waiting for the right deal on the right house. So my internal “buy now?” debate continues.

[betting on fall]

That house that closed looked well rehabed, was on a large lot and was big for the area. Other houses in that same neighborhood have been listed at higher prices in the last six months, but failed to sell.

So I think that closing is evidence that home prices are stepping down, but the steps are slow when so few houses actually sell. Compared to anything that closed in the last two years, it was a pretty good deal.

(and why are all you also shopping here! go buy in Carmel Valley or something. I want to be the only well qualifed housing vulture looking in this area!)

[betting on fall]

That house that closed looked well rehabed, was on a large lot and was big for the area. Other houses in that same neighborhood have been listed at higher prices in the last six months, but failed to sell.

So I think that closing is evidence that home prices are stepping down, but the steps are slow when so few houses actually sell. Compared to anything that closed in the last two years, it was a pretty good deal.

(and why are all you also shopping here! go buy in Carmel Valley or something. I want to be the only well qualifed housing vulture looking in this area!)

[betting on fall]

That house that closed looked well rehabed, was on a large lot and was big for the area. Other houses in that same neighborhood have been listed at higher prices in the last six months, but failed to sell.

So I think that closing is evidence that home prices are stepping down, but the steps are slow when so few houses actually sell. Compared to anything that closed in the last two years, it was a pretty good deal.

(and why are all you also shopping here! go buy in Carmel Valley or something. I want to be the only well qualifed housing vulture looking in this area!)

[betting on fall]

That house that closed looked well rehabed, was on a large lot and was big for the area. Other houses in that same neighborhood have been listed at higher prices in the last six months, but failed to sell.

So I think that closing is evidence that home prices are stepping down, but the steps are slow when so few houses actually sell. Compared to anything that closed in the last two years, it was a pretty good deal.

(and why are all you also shopping here! go buy in Carmel Valley or something. I want to be the only well qualifed housing vulture looking in this area!)

[betting on fall]

That house that closed looked well rehabed, was on a large lot and was big for the area. Other houses in that same neighborhood have been listed at higher prices in the last six months, but failed to sell.

So I think that closing is evidence that home prices are stepping down, but the steps are slow when so few houses actually sell. Compared to anything that closed in the last two years, it was a pretty good deal.

(and why are all you also shopping here! go buy in Carmel Valley or something. I want to be the only well qualifed housing vulture looking in this area!)

[betting on fall]

I don’t think is so much that prices are staying high as it is that so few houses are actually selling, so there really is no clear trend.

There were two houses for sale on Lourdes Terrace all last fall and winter. (near bottom of hill, just below the condos) Both were vacant and listed around $1m. I thought that the owners would have to give in an lower prices, but they pulled them off market and I think both were rented out.

There was a “must sell” flip gone bad on Madra (5980?) that finally sold at the end of 2007. It was first listed at up to 1.6m, and sold for less than $1m. I think it was about 3500 sq ft and some very extensive rehab work was done there.

I think this is the pattern your seeing in a lot of older neighboorhoods. The “must sells” get marked down until they seem like a value compared to prior comps, then someone scoops them up. Those that don’t need to sell refuse to budge.

[betting on fall]

I don’t think is so much that prices are staying high as it is that so few houses are actually selling, so there really is no clear trend.

There were two houses for sale on Lourdes Terrace all last fall and winter. (near bottom of hill, just below the condos) Both were vacant and listed around $1m. I thought that the owners would have to give in an lower prices, but they pulled them off market and I think both were rented out.

There was a “must sell” flip gone bad on Madra (5980?) that finally sold at the end of 2007. It was first listed at up to 1.6m, and sold for less than $1m. I think it was about 3500 sq ft and some very extensive rehab work was done there.

I think this is the pattern your seeing in a lot of older neighboorhoods. The “must sells” get marked down until they seem like a value compared to prior comps, then someone scoops them up. Those that don’t need to sell refuse to budge.

[betting on fall]

I don’t think is so much that prices are staying high as it is that so few houses are actually selling, so there really is no clear trend.

There were two houses for sale on Lourdes Terrace all last fall and winter. (near bottom of hill, just below the condos) Both were vacant and listed around $1m. I thought that the owners would have to give in an lower prices, but they pulled them off market and I think both were rented out.

There was a “must sell” flip gone bad on Madra (5980?) that finally sold at the end of 2007. It was first listed at up to 1.6m, and sold for less than $1m. I think it was about 3500 sq ft and some very extensive rehab work was done there.

I think this is the pattern your seeing in a lot of older neighboorhoods. The “must sells” get marked down until they seem like a value compared to prior comps, then someone scoops them up. Those that don’t need to sell refuse to budge.

[betting on fall]

I don’t think is so much that prices are staying high as it is that so few houses are actually selling, so there really is no clear trend.

There were two houses for sale on Lourdes Terrace all last fall and winter. (near bottom of hill, just below the condos) Both were vacant and listed around $1m. I thought that the owners would have to give in an lower prices, but they pulled them off market and I think both were rented out.

There was a “must sell” flip gone bad on Madra (5980?) that finally sold at the end of 2007. It was first listed at up to 1.6m, and sold for less than $1m. I think it was about 3500 sq ft and some very extensive rehab work was done there.

I think this is the pattern your seeing in a lot of older neighboorhoods. The “must sells” get marked down until they seem like a value compared to prior comps, then someone scoops them up. Those that don’t need to sell refuse to budge.

[betting on fall]

I don’t think is so much that prices are staying high as it is that so few houses are actually selling, so there really is no clear trend.

There were two houses for sale on Lourdes Terrace all last fall and winter. (near bottom of hill, just below the condos) Both were vacant and listed around $1m. I thought that the owners would have to give in an lower prices, but they pulled them off market and I think both were rented out.

There was a “must sell” flip gone bad on Madra (5980?) that finally sold at the end of 2007. It was first listed at up to 1.6m, and sold for less than $1m. I think it was about 3500 sq ft and some very extensive rehab work was done there.

I think this is the pattern your seeing in a lot of older neighboorhoods. The “must sells” get marked down until they seem like a value compared to prior comps, then someone scoops them up. Those that don’t need to sell refuse to budge.

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