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DaCounselor
ParticipantWhat are these places actually closing for? I thought I saw one go for around $425K a few months ago.
Attached housing in West Clairemont has been taking a beating. The townhomes on Ariane and Balboa Terrace are back down around ’03 pricing. Probably more room to the downside over the next few years as well. $500K+ for Sunset Cove seems like a bad bet.
ParticipantWhat are these places actually closing for? I thought I saw one go for around $425K a few months ago.
Attached housing in West Clairemont has been taking a beating. The townhomes on Ariane and Balboa Terrace are back down around ’03 pricing. Probably more room to the downside over the next few years as well. $500K+ for Sunset Cove seems like a bad bet.
ParticipantWhat are these places actually closing for? I thought I saw one go for around $425K a few months ago.
Attached housing in West Clairemont has been taking a beating. The townhomes on Ariane and Balboa Terrace are back down around ’03 pricing. Probably more room to the downside over the next few years as well. $500K+ for Sunset Cove seems like a bad bet.
ParticipantI would agree with Bob and FSD to the extent that there may be little if any penalty to waiting it out, and there may be a nice payoff if values deteriorate and rates don’t spike – and I agree with SDR that rates probably won’t go vertical any time soon.
I know there are many different ways to track the market and many different factors you can look at to try and predict what is going to happen. I am tracking the $1 million-plus market in some of SD’s best neighborhoods as I plan to move up when I feel we are close to a bottom in that neighborhood. Pt. Loma/OB is one of the areas that I am watching though not likely to buy there.
My latest data shows 64 $1 million-plus listings with only 12 $1 million-plus closings this year. I know we have not entered the so-called buying season yet but even with an anticipated increase in sales volume there is still alot of inventory at the high end. And with the “buying season” typically comes more listings, of course, which would offset an increase in sales volume.
I personally feel the high end ($1 mil plus) has quite a ways to fall yet. I’m guessing we will not start seeing the higher end neighborhoods bottoming out until 2011-12.
ParticipantI would agree with Bob and FSD to the extent that there may be little if any penalty to waiting it out, and there may be a nice payoff if values deteriorate and rates don’t spike – and I agree with SDR that rates probably won’t go vertical any time soon.
I know there are many different ways to track the market and many different factors you can look at to try and predict what is going to happen. I am tracking the $1 million-plus market in some of SD’s best neighborhoods as I plan to move up when I feel we are close to a bottom in that neighborhood. Pt. Loma/OB is one of the areas that I am watching though not likely to buy there.
My latest data shows 64 $1 million-plus listings with only 12 $1 million-plus closings this year. I know we have not entered the so-called buying season yet but even with an anticipated increase in sales volume there is still alot of inventory at the high end. And with the “buying season” typically comes more listings, of course, which would offset an increase in sales volume.
I personally feel the high end ($1 mil plus) has quite a ways to fall yet. I’m guessing we will not start seeing the higher end neighborhoods bottoming out until 2011-12.
ParticipantI would agree with Bob and FSD to the extent that there may be little if any penalty to waiting it out, and there may be a nice payoff if values deteriorate and rates don’t spike – and I agree with SDR that rates probably won’t go vertical any time soon.
I know there are many different ways to track the market and many different factors you can look at to try and predict what is going to happen. I am tracking the $1 million-plus market in some of SD’s best neighborhoods as I plan to move up when I feel we are close to a bottom in that neighborhood. Pt. Loma/OB is one of the areas that I am watching though not likely to buy there.
My latest data shows 64 $1 million-plus listings with only 12 $1 million-plus closings this year. I know we have not entered the so-called buying season yet but even with an anticipated increase in sales volume there is still alot of inventory at the high end. And with the “buying season” typically comes more listings, of course, which would offset an increase in sales volume.
I personally feel the high end ($1 mil plus) has quite a ways to fall yet. I’m guessing we will not start seeing the higher end neighborhoods bottoming out until 2011-12.
ParticipantI would agree with Bob and FSD to the extent that there may be little if any penalty to waiting it out, and there may be a nice payoff if values deteriorate and rates don’t spike – and I agree with SDR that rates probably won’t go vertical any time soon.
I know there are many different ways to track the market and many different factors you can look at to try and predict what is going to happen. I am tracking the $1 million-plus market in some of SD’s best neighborhoods as I plan to move up when I feel we are close to a bottom in that neighborhood. Pt. Loma/OB is one of the areas that I am watching though not likely to buy there.
My latest data shows 64 $1 million-plus listings with only 12 $1 million-plus closings this year. I know we have not entered the so-called buying season yet but even with an anticipated increase in sales volume there is still alot of inventory at the high end. And with the “buying season” typically comes more listings, of course, which would offset an increase in sales volume.
I personally feel the high end ($1 mil plus) has quite a ways to fall yet. I’m guessing we will not start seeing the higher end neighborhoods bottoming out until 2011-12.
ParticipantI would agree with Bob and FSD to the extent that there may be little if any penalty to waiting it out, and there may be a nice payoff if values deteriorate and rates don’t spike – and I agree with SDR that rates probably won’t go vertical any time soon.
I know there are many different ways to track the market and many different factors you can look at to try and predict what is going to happen. I am tracking the $1 million-plus market in some of SD’s best neighborhoods as I plan to move up when I feel we are close to a bottom in that neighborhood. Pt. Loma/OB is one of the areas that I am watching though not likely to buy there.
My latest data shows 64 $1 million-plus listings with only 12 $1 million-plus closings this year. I know we have not entered the so-called buying season yet but even with an anticipated increase in sales volume there is still alot of inventory at the high end. And with the “buying season” typically comes more listings, of course, which would offset an increase in sales volume.
I personally feel the high end ($1 mil plus) has quite a ways to fall yet. I’m guessing we will not start seeing the higher end neighborhoods bottoming out until 2011-12.
ParticipantLots of people live in Texas, love it, and wouldn’t live anywhere else. Lots of people live in Cali, love it, and wouldn’t live anywhere else. I’m in the Cali group and let me tell you I am so happy to be living somewhere I love. I couldn’t imagine living my one life and raising my kids in a place where I had issues with the people, culture, schools, etc etc. That would be a miserable existence to me. If I felt that way I would do whatever I could possibly do to get myself to Texas or the midwest or wherever I thought the quality of life would be better for me and my family, and I would be doing this PRONTO.
ParticipantLots of people live in Texas, love it, and wouldn’t live anywhere else. Lots of people live in Cali, love it, and wouldn’t live anywhere else. I’m in the Cali group and let me tell you I am so happy to be living somewhere I love. I couldn’t imagine living my one life and raising my kids in a place where I had issues with the people, culture, schools, etc etc. That would be a miserable existence to me. If I felt that way I would do whatever I could possibly do to get myself to Texas or the midwest or wherever I thought the quality of life would be better for me and my family, and I would be doing this PRONTO.
ParticipantLots of people live in Texas, love it, and wouldn’t live anywhere else. Lots of people live in Cali, love it, and wouldn’t live anywhere else. I’m in the Cali group and let me tell you I am so happy to be living somewhere I love. I couldn’t imagine living my one life and raising my kids in a place where I had issues with the people, culture, schools, etc etc. That would be a miserable existence to me. If I felt that way I would do whatever I could possibly do to get myself to Texas or the midwest or wherever I thought the quality of life would be better for me and my family, and I would be doing this PRONTO.
ParticipantLots of people live in Texas, love it, and wouldn’t live anywhere else. Lots of people live in Cali, love it, and wouldn’t live anywhere else. I’m in the Cali group and let me tell you I am so happy to be living somewhere I love. I couldn’t imagine living my one life and raising my kids in a place where I had issues with the people, culture, schools, etc etc. That would be a miserable existence to me. If I felt that way I would do whatever I could possibly do to get myself to Texas or the midwest or wherever I thought the quality of life would be better for me and my family, and I would be doing this PRONTO.
ParticipantLots of people live in Texas, love it, and wouldn’t live anywhere else. Lots of people live in Cali, love it, and wouldn’t live anywhere else. I’m in the Cali group and let me tell you I am so happy to be living somewhere I love. I couldn’t imagine living my one life and raising my kids in a place where I had issues with the people, culture, schools, etc etc. That would be a miserable existence to me. If I felt that way I would do whatever I could possibly do to get myself to Texas or the midwest or wherever I thought the quality of life would be better for me and my family, and I would be doing this PRONTO.
ParticipantI don’t know Amarillo, but here is a Zagat-style review of Amarillo by my old friend from Dallas who lives here now – Amarillo is an “eyesore” with “no identity” and “no culture” with “scorching summers” and “freezing winters, you do know the I-40 was shut down due to a blizzard” and “you can’t make any money there” and “if you like theatre, sports, museums and concerts you can forget about it there” and “Amarillo is a place you move from, not to” and “why are we talking about Texas at all, we live in paradise, just talking about Texas is giving me hives”.
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