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ParticipantActually, I’m waiting for rents to drop.
ParticipantActually, I’m waiting for rents to drop.
ParticipantActually, I’m waiting for rents to drop.
ParticipantActually, I’m waiting for rents to drop.
Participant1 – There are very few realty agents whom we allow to be quoted here. I’m pretty sure this individual isn’t one of them.
2 – Santee = Poway ??? (see above)
3 – There are 147 active listings for SFRs right now. There have been an average of 17.33 sales/month over the first 3 months of this year. That means we have 8.5 months worth of standing inventory.
4 – Foreclosure.com currently lists 104 foreclosures and 241 NODs for Santee. That number probably isn’t extremely accurate, but when you compare it to the rate of sales it should give you an idea of what’s coming down the pike over the next few months.
5 – Median price for the closed sales this last quarter was $401,383, which is now only 5.12 x the average annual household income in town ($78,250). By contrast, the median price in 1999 ($191,499) was only 3.6 times the then-median household income level of $53,624. To do that in the here and now, the current medians would have to drop to $281,700.
6 – See #1 above
Participant1 – There are very few realty agents whom we allow to be quoted here. I’m pretty sure this individual isn’t one of them.
2 – Santee = Poway ??? (see above)
3 – There are 147 active listings for SFRs right now. There have been an average of 17.33 sales/month over the first 3 months of this year. That means we have 8.5 months worth of standing inventory.
4 – Foreclosure.com currently lists 104 foreclosures and 241 NODs for Santee. That number probably isn’t extremely accurate, but when you compare it to the rate of sales it should give you an idea of what’s coming down the pike over the next few months.
5 – Median price for the closed sales this last quarter was $401,383, which is now only 5.12 x the average annual household income in town ($78,250). By contrast, the median price in 1999 ($191,499) was only 3.6 times the then-median household income level of $53,624. To do that in the here and now, the current medians would have to drop to $281,700.
6 – See #1 above
Participant1 – There are very few realty agents whom we allow to be quoted here. I’m pretty sure this individual isn’t one of them.
2 – Santee = Poway ??? (see above)
3 – There are 147 active listings for SFRs right now. There have been an average of 17.33 sales/month over the first 3 months of this year. That means we have 8.5 months worth of standing inventory.
4 – Foreclosure.com currently lists 104 foreclosures and 241 NODs for Santee. That number probably isn’t extremely accurate, but when you compare it to the rate of sales it should give you an idea of what’s coming down the pike over the next few months.
5 – Median price for the closed sales this last quarter was $401,383, which is now only 5.12 x the average annual household income in town ($78,250). By contrast, the median price in 1999 ($191,499) was only 3.6 times the then-median household income level of $53,624. To do that in the here and now, the current medians would have to drop to $281,700.
6 – See #1 above
Participant1 – There are very few realty agents whom we allow to be quoted here. I’m pretty sure this individual isn’t one of them.
2 – Santee = Poway ??? (see above)
3 – There are 147 active listings for SFRs right now. There have been an average of 17.33 sales/month over the first 3 months of this year. That means we have 8.5 months worth of standing inventory.
4 – Foreclosure.com currently lists 104 foreclosures and 241 NODs for Santee. That number probably isn’t extremely accurate, but when you compare it to the rate of sales it should give you an idea of what’s coming down the pike over the next few months.
5 – Median price for the closed sales this last quarter was $401,383, which is now only 5.12 x the average annual household income in town ($78,250). By contrast, the median price in 1999 ($191,499) was only 3.6 times the then-median household income level of $53,624. To do that in the here and now, the current medians would have to drop to $281,700.
6 – See #1 above
Participant1 – There are very few realty agents whom we allow to be quoted here. I’m pretty sure this individual isn’t one of them.
2 – Santee = Poway ??? (see above)
3 – There are 147 active listings for SFRs right now. There have been an average of 17.33 sales/month over the first 3 months of this year. That means we have 8.5 months worth of standing inventory.
4 – Foreclosure.com currently lists 104 foreclosures and 241 NODs for Santee. That number probably isn’t extremely accurate, but when you compare it to the rate of sales it should give you an idea of what’s coming down the pike over the next few months.
5 – Median price for the closed sales this last quarter was $401,383, which is now only 5.12 x the average annual household income in town ($78,250). By contrast, the median price in 1999 ($191,499) was only 3.6 times the then-median household income level of $53,624. To do that in the here and now, the current medians would have to drop to $281,700.
6 – See #1 above
ParticipantThe homes in 4S are in the middle pricing tier of the Case-Schiller index. The median pricing for that index is comprised of high and lows throughout the region. The homes in 4S and other nearby communities obviously represent the most desirable end of that pricing tier.
When considered in context, 4S is doing just about exactly what you would expect. They haven’t gotten to Temecula-style pricing drops yet because they’re extremely close (relatively speaking) to meaningful employment.
By the time this is all over, I think 4S will end up looking more like Poway and Scripps than San Marcos and Escondido. People will consider it closer to being a destination as opposed to just another rung on the property ladder.
ParticipantThe homes in 4S are in the middle pricing tier of the Case-Schiller index. The median pricing for that index is comprised of high and lows throughout the region. The homes in 4S and other nearby communities obviously represent the most desirable end of that pricing tier.
When considered in context, 4S is doing just about exactly what you would expect. They haven’t gotten to Temecula-style pricing drops yet because they’re extremely close (relatively speaking) to meaningful employment.
By the time this is all over, I think 4S will end up looking more like Poway and Scripps than San Marcos and Escondido. People will consider it closer to being a destination as opposed to just another rung on the property ladder.
ParticipantThe homes in 4S are in the middle pricing tier of the Case-Schiller index. The median pricing for that index is comprised of high and lows throughout the region. The homes in 4S and other nearby communities obviously represent the most desirable end of that pricing tier.
When considered in context, 4S is doing just about exactly what you would expect. They haven’t gotten to Temecula-style pricing drops yet because they’re extremely close (relatively speaking) to meaningful employment.
By the time this is all over, I think 4S will end up looking more like Poway and Scripps than San Marcos and Escondido. People will consider it closer to being a destination as opposed to just another rung on the property ladder.
ParticipantThe homes in 4S are in the middle pricing tier of the Case-Schiller index. The median pricing for that index is comprised of high and lows throughout the region. The homes in 4S and other nearby communities obviously represent the most desirable end of that pricing tier.
When considered in context, 4S is doing just about exactly what you would expect. They haven’t gotten to Temecula-style pricing drops yet because they’re extremely close (relatively speaking) to meaningful employment.
By the time this is all over, I think 4S will end up looking more like Poway and Scripps than San Marcos and Escondido. People will consider it closer to being a destination as opposed to just another rung on the property ladder.
ParticipantThe homes in 4S are in the middle pricing tier of the Case-Schiller index. The median pricing for that index is comprised of high and lows throughout the region. The homes in 4S and other nearby communities obviously represent the most desirable end of that pricing tier.
When considered in context, 4S is doing just about exactly what you would expect. They haven’t gotten to Temecula-style pricing drops yet because they’re extremely close (relatively speaking) to meaningful employment.
By the time this is all over, I think 4S will end up looking more like Poway and Scripps than San Marcos and Escondido. People will consider it closer to being a destination as opposed to just another rung on the property ladder.
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