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feraina
Participant[quote=sdrealtor]Most of the offers were Asian buyers for primary residences (not investors unless they are lying which I wouldnt know) and most had very significant (i.e. most had no problem coming up with $50,000, $100,000 and even $150,000). There seem to be an endless supply of these buyers for properties under $350,000.
Based upon what I saw with my own eyes, I have a hard time believing prices have much room to fall there. Most of the loans were about $200,000 or less so even rising interest rates wont drive the payments too high on these relatively low loan amounts.[/quote]
Are these Asian buyers mainly engineers and scientists? How will they be affected by a general rise in unemployment?
Participant[quote=sdrealtor]Most of the offers were Asian buyers for primary residences (not investors unless they are lying which I wouldnt know) and most had very significant (i.e. most had no problem coming up with $50,000, $100,000 and even $150,000). There seem to be an endless supply of these buyers for properties under $350,000.
Based upon what I saw with my own eyes, I have a hard time believing prices have much room to fall there. Most of the loans were about $200,000 or less so even rising interest rates wont drive the payments too high on these relatively low loan amounts.[/quote]
Are these Asian buyers mainly engineers and scientists? How will they be affected by a general rise in unemployment?
Participant[quote=sdrealtor]Most of the offers were Asian buyers for primary residences (not investors unless they are lying which I wouldnt know) and most had very significant (i.e. most had no problem coming up with $50,000, $100,000 and even $150,000). There seem to be an endless supply of these buyers for properties under $350,000.
Based upon what I saw with my own eyes, I have a hard time believing prices have much room to fall there. Most of the loans were about $200,000 or less so even rising interest rates wont drive the payments too high on these relatively low loan amounts.[/quote]
Are these Asian buyers mainly engineers and scientists? How will they be affected by a general rise in unemployment?
Participant[quote=sdrealtor]Most of the offers were Asian buyers for primary residences (not investors unless they are lying which I wouldnt know) and most had very significant (i.e. most had no problem coming up with $50,000, $100,000 and even $150,000). There seem to be an endless supply of these buyers for properties under $350,000.
Based upon what I saw with my own eyes, I have a hard time believing prices have much room to fall there. Most of the loans were about $200,000 or less so even rising interest rates wont drive the payments too high on these relatively low loan amounts.[/quote]
Are these Asian buyers mainly engineers and scientists? How will they be affected by a general rise in unemployment?
Participant[quote=sdrealtor]Most of the offers were Asian buyers for primary residences (not investors unless they are lying which I wouldnt know) and most had very significant (i.e. most had no problem coming up with $50,000, $100,000 and even $150,000). There seem to be an endless supply of these buyers for properties under $350,000.
Based upon what I saw with my own eyes, I have a hard time believing prices have much room to fall there. Most of the loans were about $200,000 or less so even rising interest rates wont drive the payments too high on these relatively low loan amounts.[/quote]
Are these Asian buyers mainly engineers and scientists? How will they be affected by a general rise in unemployment?
Participant[quote=esmith]You’re right about west MM. The bulk of houses in MM is to the east of Camino Ruiz. Getting from (say) Menkar Road to UCSD via UTC is a major pain and it can easily take half an hour. Getting there through Calle Cristobal could be faster *if* you don’t get stuck in a traffic jam at the railroad crossing for 15 min.
[/quote]Exactly. That’s another reason why I only look at NW Mira Mesa (besides its being a better neighborhood with newer homes). I stayed at a friend’s place off of Calle Cristobal for a week last summer, and I never got stuck in traffic (but I’m an academic so I don’t keep typical working hours), and I guess I was lucky because I didn’t get stopped at the railroad crossing either.
How often does it come down at the railroad crossing?
Anyway, the fact is that there isn’t anything decent in NW MM listed for under 400K (of course my definition of “decent” may be different from yours; I have no time to fix things up for instance), and new listings are coming on line very slowly. I also know that my parents made a -15% offer on what I consider a “nice” 3BR (listed for 475K, see my previous link), and they were ignored.
When these listings get below 400K then I might start hoping for sub-300K!
Participant[quote=esmith]You’re right about west MM. The bulk of houses in MM is to the east of Camino Ruiz. Getting from (say) Menkar Road to UCSD via UTC is a major pain and it can easily take half an hour. Getting there through Calle Cristobal could be faster *if* you don’t get stuck in a traffic jam at the railroad crossing for 15 min.
[/quote]Exactly. That’s another reason why I only look at NW Mira Mesa (besides its being a better neighborhood with newer homes). I stayed at a friend’s place off of Calle Cristobal for a week last summer, and I never got stuck in traffic (but I’m an academic so I don’t keep typical working hours), and I guess I was lucky because I didn’t get stopped at the railroad crossing either.
How often does it come down at the railroad crossing?
Anyway, the fact is that there isn’t anything decent in NW MM listed for under 400K (of course my definition of “decent” may be different from yours; I have no time to fix things up for instance), and new listings are coming on line very slowly. I also know that my parents made a -15% offer on what I consider a “nice” 3BR (listed for 475K, see my previous link), and they were ignored.
When these listings get below 400K then I might start hoping for sub-300K!
Participant[quote=esmith]You’re right about west MM. The bulk of houses in MM is to the east of Camino Ruiz. Getting from (say) Menkar Road to UCSD via UTC is a major pain and it can easily take half an hour. Getting there through Calle Cristobal could be faster *if* you don’t get stuck in a traffic jam at the railroad crossing for 15 min.
[/quote]Exactly. That’s another reason why I only look at NW Mira Mesa (besides its being a better neighborhood with newer homes). I stayed at a friend’s place off of Calle Cristobal for a week last summer, and I never got stuck in traffic (but I’m an academic so I don’t keep typical working hours), and I guess I was lucky because I didn’t get stopped at the railroad crossing either.
How often does it come down at the railroad crossing?
Anyway, the fact is that there isn’t anything decent in NW MM listed for under 400K (of course my definition of “decent” may be different from yours; I have no time to fix things up for instance), and new listings are coming on line very slowly. I also know that my parents made a -15% offer on what I consider a “nice” 3BR (listed for 475K, see my previous link), and they were ignored.
When these listings get below 400K then I might start hoping for sub-300K!
Participant[quote=esmith]You’re right about west MM. The bulk of houses in MM is to the east of Camino Ruiz. Getting from (say) Menkar Road to UCSD via UTC is a major pain and it can easily take half an hour. Getting there through Calle Cristobal could be faster *if* you don’t get stuck in a traffic jam at the railroad crossing for 15 min.
[/quote]Exactly. That’s another reason why I only look at NW Mira Mesa (besides its being a better neighborhood with newer homes). I stayed at a friend’s place off of Calle Cristobal for a week last summer, and I never got stuck in traffic (but I’m an academic so I don’t keep typical working hours), and I guess I was lucky because I didn’t get stopped at the railroad crossing either.
How often does it come down at the railroad crossing?
Anyway, the fact is that there isn’t anything decent in NW MM listed for under 400K (of course my definition of “decent” may be different from yours; I have no time to fix things up for instance), and new listings are coming on line very slowly. I also know that my parents made a -15% offer on what I consider a “nice” 3BR (listed for 475K, see my previous link), and they were ignored.
When these listings get below 400K then I might start hoping for sub-300K!
Participant[quote=esmith]You’re right about west MM. The bulk of houses in MM is to the east of Camino Ruiz. Getting from (say) Menkar Road to UCSD via UTC is a major pain and it can easily take half an hour. Getting there through Calle Cristobal could be faster *if* you don’t get stuck in a traffic jam at the railroad crossing for 15 min.
[/quote]Exactly. That’s another reason why I only look at NW Mira Mesa (besides its being a better neighborhood with newer homes). I stayed at a friend’s place off of Calle Cristobal for a week last summer, and I never got stuck in traffic (but I’m an academic so I don’t keep typical working hours), and I guess I was lucky because I didn’t get stopped at the railroad crossing either.
How often does it come down at the railroad crossing?
Anyway, the fact is that there isn’t anything decent in NW MM listed for under 400K (of course my definition of “decent” may be different from yours; I have no time to fix things up for instance), and new listings are coming on line very slowly. I also know that my parents made a -15% offer on what I consider a “nice” 3BR (listed for 475K, see my previous link), and they were ignored.
When these listings get below 400K then I might start hoping for sub-300K!
Participant[quote=noone]
Sq.Ft. | Closing | -15%
1,010 | $276,000 | $234,600
1,010 | $318,100 | $270,385
1,121 | $30,500,000 | $25,925,000
1,121 | $365,000 | $310,250
1,121 | $390,000 | $331,500
1,134 | $370,000 | $314,500
1,134 | $406,000 | $345,100
1,134 | $413,000 | $351,050
1,134 | $353,000 | $300,050
1,134 | $363,000 | $308,550
1,266 | $350,000 | $297,500
1,284 | $390,000 | $331,500
1,292 | $388,000 | $329,800
1,312 | $256,500 | $218,025
1,345 | $340,000 | $289,000
1,354 | $361,000 | $306,850
1,381 | $352,000 | $299,200
1,405 | $410,000 | $348,500
1,405 | $340,000 | $289,000
1,437 | $352,000 | $299,200
1,509 | $415 | $353
1,555 | $479,000 | $407,150
[/quote]noone, thanks for compiling the stats. That’s very useful.
Are you not counting slightly bigger SFR’s?
Here’s a 3/2.5 (1737sf) townhouse that closed recently at $485K:
http://www.sdlookup.com/MLS-086013881-11146_Caminito_Inocenta_San_Diego_CA_92126Participant[quote=noone]
Sq.Ft. | Closing | -15%
1,010 | $276,000 | $234,600
1,010 | $318,100 | $270,385
1,121 | $30,500,000 | $25,925,000
1,121 | $365,000 | $310,250
1,121 | $390,000 | $331,500
1,134 | $370,000 | $314,500
1,134 | $406,000 | $345,100
1,134 | $413,000 | $351,050
1,134 | $353,000 | $300,050
1,134 | $363,000 | $308,550
1,266 | $350,000 | $297,500
1,284 | $390,000 | $331,500
1,292 | $388,000 | $329,800
1,312 | $256,500 | $218,025
1,345 | $340,000 | $289,000
1,354 | $361,000 | $306,850
1,381 | $352,000 | $299,200
1,405 | $410,000 | $348,500
1,405 | $340,000 | $289,000
1,437 | $352,000 | $299,200
1,509 | $415 | $353
1,555 | $479,000 | $407,150
[/quote]noone, thanks for compiling the stats. That’s very useful.
Are you not counting slightly bigger SFR’s?
Here’s a 3/2.5 (1737sf) townhouse that closed recently at $485K:
http://www.sdlookup.com/MLS-086013881-11146_Caminito_Inocenta_San_Diego_CA_92126Participant[quote=noone]
Sq.Ft. | Closing | -15%
1,010 | $276,000 | $234,600
1,010 | $318,100 | $270,385
1,121 | $30,500,000 | $25,925,000
1,121 | $365,000 | $310,250
1,121 | $390,000 | $331,500
1,134 | $370,000 | $314,500
1,134 | $406,000 | $345,100
1,134 | $413,000 | $351,050
1,134 | $353,000 | $300,050
1,134 | $363,000 | $308,550
1,266 | $350,000 | $297,500
1,284 | $390,000 | $331,500
1,292 | $388,000 | $329,800
1,312 | $256,500 | $218,025
1,345 | $340,000 | $289,000
1,354 | $361,000 | $306,850
1,381 | $352,000 | $299,200
1,405 | $410,000 | $348,500
1,405 | $340,000 | $289,000
1,437 | $352,000 | $299,200
1,509 | $415 | $353
1,555 | $479,000 | $407,150
[/quote]noone, thanks for compiling the stats. That’s very useful.
Are you not counting slightly bigger SFR’s?
Here’s a 3/2.5 (1737sf) townhouse that closed recently at $485K:
http://www.sdlookup.com/MLS-086013881-11146_Caminito_Inocenta_San_Diego_CA_92126Participant[quote=noone]
Sq.Ft. | Closing | -15%
1,010 | $276,000 | $234,600
1,010 | $318,100 | $270,385
1,121 | $30,500,000 | $25,925,000
1,121 | $365,000 | $310,250
1,121 | $390,000 | $331,500
1,134 | $370,000 | $314,500
1,134 | $406,000 | $345,100
1,134 | $413,000 | $351,050
1,134 | $353,000 | $300,050
1,134 | $363,000 | $308,550
1,266 | $350,000 | $297,500
1,284 | $390,000 | $331,500
1,292 | $388,000 | $329,800
1,312 | $256,500 | $218,025
1,345 | $340,000 | $289,000
1,354 | $361,000 | $306,850
1,381 | $352,000 | $299,200
1,405 | $410,000 | $348,500
1,405 | $340,000 | $289,000
1,437 | $352,000 | $299,200
1,509 | $415 | $353
1,555 | $479,000 | $407,150
[/quote]noone, thanks for compiling the stats. That’s very useful.
Are you not counting slightly bigger SFR’s?
Here’s a 3/2.5 (1737sf) townhouse that closed recently at $485K:
http://www.sdlookup.com/MLS-086013881-11146_Caminito_Inocenta_San_Diego_CA_92126 -
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