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DaCounselor
ParticipantThis one also just closed. West of 5. Down 30%, a $400K loss.
http://www.sdlookup.com/MLS-090019977-847_Arden_Dr_Encinitas_Ca_92024
ParticipantThis one also just closed. West of 5. Down 30%, a $400K loss.
http://www.sdlookup.com/MLS-090019977-847_Arden_Dr_Encinitas_Ca_92024
ParticipantThis one also just closed. West of 5. Down 30%, a $400K loss.
http://www.sdlookup.com/MLS-090019977-847_Arden_Dr_Encinitas_Ca_92024
Participant“I do not see a large drop for homes in the coastal areas of San Diego.”
__________________Look a little harder and you will find plenty. There is a thread here somewhere focusing on La Jolla, where big drops are becoming commonplace. I had to go no further than the last high-end closing in LJ to find a $600K/31% loss since ’04.
http://www.sdlookup.com/MLS-090004015-6454_S_La_Jolla_Scenic_Dr_La_Jolla_Ca_92037
I think there is still a long way to go, but there are plenty of examples of large drops that have already occurred.
Participant“I do not see a large drop for homes in the coastal areas of San Diego.”
__________________Look a little harder and you will find plenty. There is a thread here somewhere focusing on La Jolla, where big drops are becoming commonplace. I had to go no further than the last high-end closing in LJ to find a $600K/31% loss since ’04.
http://www.sdlookup.com/MLS-090004015-6454_S_La_Jolla_Scenic_Dr_La_Jolla_Ca_92037
I think there is still a long way to go, but there are plenty of examples of large drops that have already occurred.
Participant“I do not see a large drop for homes in the coastal areas of San Diego.”
__________________Look a little harder and you will find plenty. There is a thread here somewhere focusing on La Jolla, where big drops are becoming commonplace. I had to go no further than the last high-end closing in LJ to find a $600K/31% loss since ’04.
http://www.sdlookup.com/MLS-090004015-6454_S_La_Jolla_Scenic_Dr_La_Jolla_Ca_92037
I think there is still a long way to go, but there are plenty of examples of large drops that have already occurred.
Participant“I do not see a large drop for homes in the coastal areas of San Diego.”
__________________Look a little harder and you will find plenty. There is a thread here somewhere focusing on La Jolla, where big drops are becoming commonplace. I had to go no further than the last high-end closing in LJ to find a $600K/31% loss since ’04.
http://www.sdlookup.com/MLS-090004015-6454_S_La_Jolla_Scenic_Dr_La_Jolla_Ca_92037
I think there is still a long way to go, but there are plenty of examples of large drops that have already occurred.
Participant“I do not see a large drop for homes in the coastal areas of San Diego.”
__________________Look a little harder and you will find plenty. There is a thread here somewhere focusing on La Jolla, where big drops are becoming commonplace. I had to go no further than the last high-end closing in LJ to find a $600K/31% loss since ’04.
http://www.sdlookup.com/MLS-090004015-6454_S_La_Jolla_Scenic_Dr_La_Jolla_Ca_92037
I think there is still a long way to go, but there are plenty of examples of large drops that have already occurred.
ParticipantUntil just this past week, Mission Hills has been one of the deadest “higher-end” areas in SD County in the $1 mil-plus market. There has been a recent flurry of closings in the $1 mil-plus range but overall it has been very slow year. We will certainly know much more once we get through the summer. I’m estimating about 70 $1 mil-plus listings in the area currently, so there is alot of inventory for this area. I haven’t looked hard at the numbers recently but I’m estimating that is 2-3 years of inventory in the $1 mil-plus market. I’m expecting further downward pressure on prices for several years in MH.
ParticipantUntil just this past week, Mission Hills has been one of the deadest “higher-end” areas in SD County in the $1 mil-plus market. There has been a recent flurry of closings in the $1 mil-plus range but overall it has been very slow year. We will certainly know much more once we get through the summer. I’m estimating about 70 $1 mil-plus listings in the area currently, so there is alot of inventory for this area. I haven’t looked hard at the numbers recently but I’m estimating that is 2-3 years of inventory in the $1 mil-plus market. I’m expecting further downward pressure on prices for several years in MH.
ParticipantUntil just this past week, Mission Hills has been one of the deadest “higher-end” areas in SD County in the $1 mil-plus market. There has been a recent flurry of closings in the $1 mil-plus range but overall it has been very slow year. We will certainly know much more once we get through the summer. I’m estimating about 70 $1 mil-plus listings in the area currently, so there is alot of inventory for this area. I haven’t looked hard at the numbers recently but I’m estimating that is 2-3 years of inventory in the $1 mil-plus market. I’m expecting further downward pressure on prices for several years in MH.
ParticipantUntil just this past week, Mission Hills has been one of the deadest “higher-end” areas in SD County in the $1 mil-plus market. There has been a recent flurry of closings in the $1 mil-plus range but overall it has been very slow year. We will certainly know much more once we get through the summer. I’m estimating about 70 $1 mil-plus listings in the area currently, so there is alot of inventory for this area. I haven’t looked hard at the numbers recently but I’m estimating that is 2-3 years of inventory in the $1 mil-plus market. I’m expecting further downward pressure on prices for several years in MH.
ParticipantUntil just this past week, Mission Hills has been one of the deadest “higher-end” areas in SD County in the $1 mil-plus market. There has been a recent flurry of closings in the $1 mil-plus range but overall it has been very slow year. We will certainly know much more once we get through the summer. I’m estimating about 70 $1 mil-plus listings in the area currently, so there is alot of inventory for this area. I haven’t looked hard at the numbers recently but I’m estimating that is 2-3 years of inventory in the $1 mil-plus market. I’m expecting further downward pressure on prices for several years in MH.
Participant“Don’t forget property taxes…”
_________________Indeed! So $20K+/yr before you have made a single mortgage payment.
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