[DWCAP]

jimmyle,
Good to know you are still atleast looking in the area so I have someone to compare notes with as everyone else on this board seems to BE the top 1% of wage earners in SD and are going to buy and rent out CV to all of their soon to be former coworkers.
I dont know what you do for a living, but it is a fair bet that you work to the west in Sorrento Valley/La Jolla. I live just off Caminito Santa Fe and God bless it. I hate traffic, and MM blvd gets terrible right past all the way to the 15. I know you know this, but if the prices, conditions, quality and HOA are the same, save yourself an extra 20 minutes a day to spend with the family, enjoy the remaining ocean breeze cooling effects, and go West.
Plus, do you really want to be right next the shopping district of this side of MM? Lights, noise, extra traffic, Condo’s right next door that have 2 bedrooms and 5 people living in it. Besides, you and I both know this area is terriblely overpriced right now, 2008 will be a banner year for those who can buy, but choose not to.

[DWCAP]

jimmyle,
Good to know you are still atleast looking in the area so I have someone to compare notes with as everyone else on this board seems to BE the top 1% of wage earners in SD and are going to buy and rent out CV to all of their soon to be former coworkers.
I dont know what you do for a living, but it is a fair bet that you work to the west in Sorrento Valley/La Jolla. I live just off Caminito Santa Fe and God bless it. I hate traffic, and MM blvd gets terrible right past all the way to the 15. I know you know this, but if the prices, conditions, quality and HOA are the same, save yourself an extra 20 minutes a day to spend with the family, enjoy the remaining ocean breeze cooling effects, and go West.
Plus, do you really want to be right next the shopping district of this side of MM? Lights, noise, extra traffic, Condo’s right next door that have 2 bedrooms and 5 people living in it. Besides, you and I both know this area is terriblely overpriced right now, 2008 will be a banner year for those who can buy, but choose not to.

[DWCAP]

jimmyle,
Good to know you are still atleast looking in the area so I have someone to compare notes with as everyone else on this board seems to BE the top 1% of wage earners in SD and are going to buy and rent out CV to all of their soon to be former coworkers.
I dont know what you do for a living, but it is a fair bet that you work to the west in Sorrento Valley/La Jolla. I live just off Caminito Santa Fe and God bless it. I hate traffic, and MM blvd gets terrible right past all the way to the 15. I know you know this, but if the prices, conditions, quality and HOA are the same, save yourself an extra 20 minutes a day to spend with the family, enjoy the remaining ocean breeze cooling effects, and go West.
Plus, do you really want to be right next the shopping district of this side of MM? Lights, noise, extra traffic, Condo’s right next door that have 2 bedrooms and 5 people living in it. Besides, you and I both know this area is terriblely overpriced right now, 2008 will be a banner year for those who can buy, but choose not to.

[DWCAP]

jimmyle,
Good to know you are still atleast looking in the area so I have someone to compare notes with as everyone else on this board seems to BE the top 1% of wage earners in SD and are going to buy and rent out CV to all of their soon to be former coworkers.
I dont know what you do for a living, but it is a fair bet that you work to the west in Sorrento Valley/La Jolla. I live just off Caminito Santa Fe and God bless it. I hate traffic, and MM blvd gets terrible right past all the way to the 15. I know you know this, but if the prices, conditions, quality and HOA are the same, save yourself an extra 20 minutes a day to spend with the family, enjoy the remaining ocean breeze cooling effects, and go West.
Plus, do you really want to be right next the shopping district of this side of MM? Lights, noise, extra traffic, Condo’s right next door that have 2 bedrooms and 5 people living in it. Besides, you and I both know this area is terriblely overpriced right now, 2008 will be a banner year for those who can buy, but choose not to.

[DWCAP]

jimmyle,
Good to know you are still atleast looking in the area so I have someone to compare notes with as everyone else on this board seems to BE the top 1% of wage earners in SD and are going to buy and rent out CV to all of their soon to be former coworkers.
I dont know what you do for a living, but it is a fair bet that you work to the west in Sorrento Valley/La Jolla. I live just off Caminito Santa Fe and God bless it. I hate traffic, and MM blvd gets terrible right past all the way to the 15. I know you know this, but if the prices, conditions, quality and HOA are the same, save yourself an extra 20 minutes a day to spend with the family, enjoy the remaining ocean breeze cooling effects, and go West.
Plus, do you really want to be right next the shopping district of this side of MM? Lights, noise, extra traffic, Condo’s right next door that have 2 bedrooms and 5 people living in it. Besides, you and I both know this area is terriblely overpriced right now, 2008 will be a banner year for those who can buy, but choose not to.

[DWCAP]

Voz,

It wasnt that I wanted to lump condos and houses together, it was that I didnt want to do the work to seperate them and then try to gage sales. I do think condos, especially in the high inventory areas, are a gonner.
Jimmyle, I also agree that most people are looking a houses. However, I also think that if condo’s get low enough, it will drag down house prices as well.

[DWCAP]

Voz,

It wasnt that I wanted to lump condos and houses together, it was that I didnt want to do the work to seperate them and then try to gage sales. I do think condos, especially in the high inventory areas, are a gonner.
Jimmyle, I also agree that most people are looking a houses. However, I also think that if condo’s get low enough, it will drag down house prices as well.

[DWCAP]

Voz,

It wasnt that I wanted to lump condos and houses together, it was that I didnt want to do the work to seperate them and then try to gage sales. I do think condos, especially in the high inventory areas, are a gonner.
Jimmyle, I also agree that most people are looking a houses. However, I also think that if condo’s get low enough, it will drag down house prices as well.

[DWCAP]

Voz,

It wasnt that I wanted to lump condos and houses together, it was that I didnt want to do the work to seperate them and then try to gage sales. I do think condos, especially in the high inventory areas, are a gonner.
Jimmyle, I also agree that most people are looking a houses. However, I also think that if condo’s get low enough, it will drag down house prices as well.

[DWCAP]

Voz,

It wasnt that I wanted to lump condos and houses together, it was that I didnt want to do the work to seperate them and then try to gage sales. I do think condos, especially in the high inventory areas, are a gonner.
Jimmyle, I also agree that most people are looking a houses. However, I also think that if condo’s get low enough, it will drag down house prices as well.

[DWCAP]

Hey Jimmyle,
Really interesting. Fun facts to spead when someone says housing never goes down, or if it does, it will only be by a few percent.
Ok, to add alittle of my own information. It isnt as good as yours, but considering I am sick in bed and bored out of my mind, please forgive.
I have been noticing that alot of the price reductions are local. This is obvious on the break down of the case shiller index into high, medium and low catagories. I decided to think of a few traditional middle class/lower middle class neighborhoods that would correspond to “median” income buyer, and see what was happening with sales. (I know this has been done a few times, but I wanted to do it myself.) I left out the really nice areas, and the inner city ghetto areas, mostly because I dont want to do the work.
Ok, first the problems I have identified, then the data. I dont have all the tools available to some on this board, so I just limited myself to was was available on Signonsandiego.com homesearch. They have sales data available going back years, and a nice easy number of total sales available today in a certain zipcode/area. I used Nov. 07, and Nov. 05 as comparisons since those are the years you chose in this thread, correspond ok to peaks, and are the latest data available to me (Nov.07) There was the problem of the fact that I am comparing today’s inventory with Novembers sales. However I tried to go back and use the first week of November inventory as listed on the SDlookup page for each. However, the numbers were not too different and some were higher and some lower, so I just stuck with one source.
Here is what I got.

Area Nov 05 Nov 07 %change Dec 07 Months
sales sales sales inventory inventory
MiraM. 78 30 -61.5 314 10.5
ChuVista 379 169 -55.4 1995 11.8
Esco 167 94 -43.8 1648 17.5
Poway 48 24 -50.0 239 10.0
Clarmt 37 46 +24.3 180 3.9
LindaV. 27 30 +11.1 126 4.2
Oside 241 128 -46.9 1478 11.6
RB 177 154 -13.0 718 4.7

Considering that 4-6 months is traditionally considered a healthy market, this is a really mixed bag. December is usually a slow month, with low inventory and sales. The fact that Escondido (92025,6,7,9) has 17+ months on the market, in DECEMBER, spells price drops to me. But Clairmont(92117), has a very healthy market according to these numbers and sales were picking up, not going down. Since overall sales are still falling, and inventory, especially when gaged by one month in winter, is still high in alot of SD, there is no real bottom to be seen yet.
One more thing, I lumped condos, new building, and resales in together. Different segments are sure to be doing differently.

[DWCAP]

Hey Jimmyle,
Really interesting. Fun facts to spead when someone says housing never goes down, or if it does, it will only be by a few percent.
Ok, to add alittle of my own information. It isnt as good as yours, but considering I am sick in bed and bored out of my mind, please forgive.
I have been noticing that alot of the price reductions are local. This is obvious on the break down of the case shiller index into high, medium and low catagories. I decided to think of a few traditional middle class/lower middle class neighborhoods that would correspond to “median” income buyer, and see what was happening with sales. (I know this has been done a few times, but I wanted to do it myself.) I left out the really nice areas, and the inner city ghetto areas, mostly because I dont want to do the work.
Ok, first the problems I have identified, then the data. I dont have all the tools available to some on this board, so I just limited myself to was was available on Signonsandiego.com homesearch. They have sales data available going back years, and a nice easy number of total sales available today in a certain zipcode/area. I used Nov. 07, and Nov. 05 as comparisons since those are the years you chose in this thread, correspond ok to peaks, and are the latest data available to me (Nov.07) There was the problem of the fact that I am comparing today’s inventory with Novembers sales. However I tried to go back and use the first week of November inventory as listed on the SDlookup page for each. However, the numbers were not too different and some were higher and some lower, so I just stuck with one source.
Here is what I got.

Area Nov 05 Nov 07 %change Dec 07 Months
sales sales sales inventory inventory
MiraM. 78 30 -61.5 314 10.5
ChuVista 379 169 -55.4 1995 11.8
Esco 167 94 -43.8 1648 17.5
Poway 48 24 -50.0 239 10.0
Clarmt 37 46 +24.3 180 3.9
LindaV. 27 30 +11.1 126 4.2
Oside 241 128 -46.9 1478 11.6
RB 177 154 -13.0 718 4.7

Considering that 4-6 months is traditionally considered a healthy market, this is a really mixed bag. December is usually a slow month, with low inventory and sales. The fact that Escondido (92025,6,7,9) has 17+ months on the market, in DECEMBER, spells price drops to me. But Clairmont(92117), has a very healthy market according to these numbers and sales were picking up, not going down. Since overall sales are still falling, and inventory, especially when gaged by one month in winter, is still high in alot of SD, there is no real bottom to be seen yet.
One more thing, I lumped condos, new building, and resales in together. Different segments are sure to be doing differently.

[DWCAP]

Hey Jimmyle,
Really interesting. Fun facts to spead when someone says housing never goes down, or if it does, it will only be by a few percent.
Ok, to add alittle of my own information. It isnt as good as yours, but considering I am sick in bed and bored out of my mind, please forgive.
I have been noticing that alot of the price reductions are local. This is obvious on the break down of the case shiller index into high, medium and low catagories. I decided to think of a few traditional middle class/lower middle class neighborhoods that would correspond to “median” income buyer, and see what was happening with sales. (I know this has been done a few times, but I wanted to do it myself.) I left out the really nice areas, and the inner city ghetto areas, mostly because I dont want to do the work.
Ok, first the problems I have identified, then the data. I dont have all the tools available to some on this board, so I just limited myself to was was available on Signonsandiego.com homesearch. They have sales data available going back years, and a nice easy number of total sales available today in a certain zipcode/area. I used Nov. 07, and Nov. 05 as comparisons since those are the years you chose in this thread, correspond ok to peaks, and are the latest data available to me (Nov.07) There was the problem of the fact that I am comparing today’s inventory with Novembers sales. However I tried to go back and use the first week of November inventory as listed on the SDlookup page for each. However, the numbers were not too different and some were higher and some lower, so I just stuck with one source.
Here is what I got.

Area Nov 05 Nov 07 %change Dec 07 Months
sales sales sales inventory inventory
MiraM. 78 30 -61.5 314 10.5
ChuVista 379 169 -55.4 1995 11.8
Esco 167 94 -43.8 1648 17.5
Poway 48 24 -50.0 239 10.0
Clarmt 37 46 +24.3 180 3.9
LindaV. 27 30 +11.1 126 4.2
Oside 241 128 -46.9 1478 11.6
RB 177 154 -13.0 718 4.7

Considering that 4-6 months is traditionally considered a healthy market, this is a really mixed bag. December is usually a slow month, with low inventory and sales. The fact that Escondido (92025,6,7,9) has 17+ months on the market, in DECEMBER, spells price drops to me. But Clairmont(92117), has a very healthy market according to these numbers and sales were picking up, not going down. Since overall sales are still falling, and inventory, especially when gaged by one month in winter, is still high in alot of SD, there is no real bottom to be seen yet.
One more thing, I lumped condos, new building, and resales in together. Different segments are sure to be doing differently.

[DWCAP]

Hey Jimmyle,
Really interesting. Fun facts to spead when someone says housing never goes down, or if it does, it will only be by a few percent.
Ok, to add alittle of my own information. It isnt as good as yours, but considering I am sick in bed and bored out of my mind, please forgive.
I have been noticing that alot of the price reductions are local. This is obvious on the break down of the case shiller index into high, medium and low catagories. I decided to think of a few traditional middle class/lower middle class neighborhoods that would correspond to “median” income buyer, and see what was happening with sales. (I know this has been done a few times, but I wanted to do it myself.) I left out the really nice areas, and the inner city ghetto areas, mostly because I dont want to do the work.
Ok, first the problems I have identified, then the data. I dont have all the tools available to some on this board, so I just limited myself to was was available on Signonsandiego.com homesearch. They have sales data available going back years, and a nice easy number of total sales available today in a certain zipcode/area. I used Nov. 07, and Nov. 05 as comparisons since those are the years you chose in this thread, correspond ok to peaks, and are the latest data available to me (Nov.07) There was the problem of the fact that I am comparing today’s inventory with Novembers sales. However I tried to go back and use the first week of November inventory as listed on the SDlookup page for each. However, the numbers were not too different and some were higher and some lower, so I just stuck with one source.
Here is what I got.

Area Nov 05 Nov 07 %change Dec 07 Months
sales sales sales inventory inventory
MiraM. 78 30 -61.5 314 10.5
ChuVista 379 169 -55.4 1995 11.8
Esco 167 94 -43.8 1648 17.5
Poway 48 24 -50.0 239 10.0
Clarmt 37 46 +24.3 180 3.9
LindaV. 27 30 +11.1 126 4.2
Oside 241 128 -46.9 1478 11.6
RB 177 154 -13.0 718 4.7

Considering that 4-6 months is traditionally considered a healthy market, this is a really mixed bag. December is usually a slow month, with low inventory and sales. The fact that Escondido (92025,6,7,9) has 17+ months on the market, in DECEMBER, spells price drops to me. But Clairmont(92117), has a very healthy market according to these numbers and sales were picking up, not going down. Since overall sales are still falling, and inventory, especially when gaged by one month in winter, is still high in alot of SD, there is no real bottom to be seen yet.
One more thing, I lumped condos, new building, and resales in together. Different segments are sure to be doing differently.

[DWCAP]

Hey Jimmyle,
Really interesting. Fun facts to spead when someone says housing never goes down, or if it does, it will only be by a few percent.
Ok, to add alittle of my own information. It isnt as good as yours, but considering I am sick in bed and bored out of my mind, please forgive.
I have been noticing that alot of the price reductions are local. This is obvious on the break down of the case shiller index into high, medium and low catagories. I decided to think of a few traditional middle class/lower middle class neighborhoods that would correspond to “median” income buyer, and see what was happening with sales. (I know this has been done a few times, but I wanted to do it myself.) I left out the really nice areas, and the inner city ghetto areas, mostly because I dont want to do the work.
Ok, first the problems I have identified, then the data. I dont have all the tools available to some on this board, so I just limited myself to was was available on Signonsandiego.com homesearch. They have sales data available going back years, and a nice easy number of total sales available today in a certain zipcode/area. I used Nov. 07, and Nov. 05 as comparisons since those are the years you chose in this thread, correspond ok to peaks, and are the latest data available to me (Nov.07) There was the problem of the fact that I am comparing today’s inventory with Novembers sales. However I tried to go back and use the first week of November inventory as listed on the SDlookup page for each. However, the numbers were not too different and some were higher and some lower, so I just stuck with one source.
Here is what I got.

Area Nov 05 Nov 07 %change Dec 07 Months
sales sales sales inventory inventory
MiraM. 78 30 -61.5 314 10.5
ChuVista 379 169 -55.4 1995 11.8
Esco 167 94 -43.8 1648 17.5
Poway 48 24 -50.0 239 10.0
Clarmt 37 46 +24.3 180 3.9
LindaV. 27 30 +11.1 126 4.2
Oside 241 128 -46.9 1478 11.6
RB 177 154 -13.0 718 4.7

Considering that 4-6 months is traditionally considered a healthy market, this is a really mixed bag. December is usually a slow month, with low inventory and sales. The fact that Escondido (92025,6,7,9) has 17+ months on the market, in DECEMBER, spells price drops to me. But Clairmont(92117), has a very healthy market according to these numbers and sales were picking up, not going down. Since overall sales are still falling, and inventory, especially when gaged by one month in winter, is still high in alot of SD, there is no real bottom to be seen yet.
One more thing, I lumped condos, new building, and resales in together. Different segments are sure to be doing differently.

[Author]

Posts