[jpinpb]

Thank you for the input and advise. I thought that this auction would probably bring down the comps in CV.

[jpinpb]

Thank you for the input and advise. I thought that this auction would probably bring down the comps in CV.

[jpinpb]

Thank you for the input and advise. I thought that this auction would probably bring down the comps in CV.

[jpinpb]

Thank you for mentioning the reserve bid. I was not thinking that any of the units would sell for $199k. That would actually be a real good price if they sold for that. But I imagine that they will probably sell for $350 to 400k. Still steep, but still considerably lower than the 550k upwards that they originally wanted. If their reserve bid is higher than 400k then they can keep them.

I’ve seen the places when they were first for sale. I personally wouldn’t pay more than 300-350k for glorified apartments. But it is in CV. I haven’t researched the area in a while. Prices have gone up considerably since I left 7 years ago and the area has changed so much since the 56 got completed. Not the same place. I lived there from 91 to end of 2000. Was a great community. Now, I think way overpriced, as most places.

[jpinpb]

Thank you for mentioning the reserve bid. I was not thinking that any of the units would sell for $199k. That would actually be a real good price if they sold for that. But I imagine that they will probably sell for $350 to 400k. Still steep, but still considerably lower than the 550k upwards that they originally wanted. If their reserve bid is higher than 400k then they can keep them.

I’ve seen the places when they were first for sale. I personally wouldn’t pay more than 300-350k for glorified apartments. But it is in CV. I haven’t researched the area in a while. Prices have gone up considerably since I left 7 years ago and the area has changed so much since the 56 got completed. Not the same place. I lived there from 91 to end of 2000. Was a great community. Now, I think way overpriced, as most places.

[jpinpb]

Thank you for mentioning the reserve bid. I was not thinking that any of the units would sell for $199k. That would actually be a real good price if they sold for that. But I imagine that they will probably sell for $350 to 400k. Still steep, but still considerably lower than the 550k upwards that they originally wanted. If their reserve bid is higher than 400k then they can keep them.

I’ve seen the places when they were first for sale. I personally wouldn’t pay more than 300-350k for glorified apartments. But it is in CV. I haven’t researched the area in a while. Prices have gone up considerably since I left 7 years ago and the area has changed so much since the 56 got completed. Not the same place. I lived there from 91 to end of 2000. Was a great community. Now, I think way overpriced, as most places.

[jpinpb]

Thank you for mentioning the reserve bid. I was not thinking that any of the units would sell for $199k. That would actually be a real good price if they sold for that. But I imagine that they will probably sell for $350 to 400k. Still steep, but still considerably lower than the 550k upwards that they originally wanted. If their reserve bid is higher than 400k then they can keep them.

I’ve seen the places when they were first for sale. I personally wouldn’t pay more than 300-350k for glorified apartments. But it is in CV. I haven’t researched the area in a while. Prices have gone up considerably since I left 7 years ago and the area has changed so much since the 56 got completed. Not the same place. I lived there from 91 to end of 2000. Was a great community. Now, I think way overpriced, as most places.

[jpinpb]

Thank you for mentioning the reserve bid. I was not thinking that any of the units would sell for $199k. That would actually be a real good price if they sold for that. But I imagine that they will probably sell for $350 to 400k. Still steep, but still considerably lower than the 550k upwards that they originally wanted. If their reserve bid is higher than 400k then they can keep them.

I’ve seen the places when they were first for sale. I personally wouldn’t pay more than 300-350k for glorified apartments. But it is in CV. I haven’t researched the area in a while. Prices have gone up considerably since I left 7 years ago and the area has changed so much since the 56 got completed. Not the same place. I lived there from 91 to end of 2000. Was a great community. Now, I think way overpriced, as most places.

[jpinpb]

I used to live in CV about 7 years ago. I’m not so impressed w/The Heights. Just glorified apartments. When they were first selling, I thought the price of $550k upwards were ridiculous. Not a surprise that there is now an auction. More surprising that they’re only auctioning 32.
Some thought the auction of La Boheme was a sales gimmick. REDC has the 5% fee, close to the 6% realtor commission

[jpinpb]

I used to live in CV about 7 years ago. I’m not so impressed w/The Heights. Just glorified apartments. When they were first selling, I thought the price of $550k upwards were ridiculous. Not a surprise that there is now an auction. More surprising that they’re only auctioning 32.
Some thought the auction of La Boheme was a sales gimmick. REDC has the 5% fee, close to the 6% realtor commission

[jpinpb]

I used to live in CV about 7 years ago. I’m not so impressed w/The Heights. Just glorified apartments. When they were first selling, I thought the price of $550k upwards were ridiculous. Not a surprise that there is now an auction. More surprising that they’re only auctioning 32.
Some thought the auction of La Boheme was a sales gimmick. REDC has the 5% fee, close to the 6% realtor commission

[jpinpb]

I used to live in CV about 7 years ago. I’m not so impressed w/The Heights. Just glorified apartments. When they were first selling, I thought the price of $550k upwards were ridiculous. Not a surprise that there is now an auction. More surprising that they’re only auctioning 32.
Some thought the auction of La Boheme was a sales gimmick. REDC has the 5% fee, close to the 6% realtor commission

[jpinpb]

I used to live in CV about 7 years ago. I’m not so impressed w/The Heights. Just glorified apartments. When they were first selling, I thought the price of $550k upwards were ridiculous. Not a surprise that there is now an auction. More surprising that they’re only auctioning 32.
Some thought the auction of La Boheme was a sales gimmick. REDC has the 5% fee, close to the 6% realtor commission

[jpinpb]

I agree that Carmel Valley and North Park are very different areas. But each area attracts a kind of person. There are many people that love North Park for the diversity, city-like feel. Those would not be the people, generally, that like Carmel Valley, safe and – hate to say this – white-bread, generally. Not saying it as an offense to anyone, just generalizing between C.V. and N.P.

Nevertheless, there are buyers looking for deals and probably just as many that would like to live in NP as CV, just different types.

I heard hundreds of people showed up for the auction in NP.

[jpinpb]

I agree that Carmel Valley and North Park are very different areas. But each area attracts a kind of person. There are many people that love North Park for the diversity, city-like feel. Those would not be the people, generally, that like Carmel Valley, safe and – hate to say this – white-bread, generally. Not saying it as an offense to anyone, just generalizing between C.V. and N.P.

Nevertheless, there are buyers looking for deals and probably just as many that would like to live in NP as CV, just different types.

I heard hundreds of people showed up for the auction in NP.

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