[ocrenter]

You are speculating again. No one knows what it will take to get it done right now. There are two of the larger floorplans in escrow right now and some very recent sales well over 500K. Also you are comparing the smaller floorplan.

Bottomline, I was spot on. You were a bit premature should we say?

here’s a larger floorplan asking in the mid-400’s.

584 VIA DEL CABALLO, San Marcos, CA 92078
–2,259 sqft for $459,000 to $475,000.

is this also a short sale attempt that we shouldn’t count?

you like to pull the “I’m right and you are wrong” game. I like to simply point out that prices are now entering into the $400’s in this neighborhood. Which is firmly in 2003 pricing. As for the folks that bought or are pending at prices “well over 500k,” just more knife catchers IMHO.

[ocrenter]

You are speculating again. No one knows what it will take to get it done right now. There are two of the larger floorplans in escrow right now and some very recent sales well over 500K. Also you are comparing the smaller floorplan.

Bottomline, I was spot on. You were a bit premature should we say?

here’s a larger floorplan asking in the mid-400’s.

584 VIA DEL CABALLO, San Marcos, CA 92078
–2,259 sqft for $459,000 to $475,000.

is this also a short sale attempt that we shouldn’t count?

you like to pull the “I’m right and you are wrong” game. I like to simply point out that prices are now entering into the $400’s in this neighborhood. Which is firmly in 2003 pricing. As for the folks that bought or are pending at prices “well over 500k,” just more knife catchers IMHO.

[ocrenter]

You are speculating again. No one knows what it will take to get it done right now. There are two of the larger floorplans in escrow right now and some very recent sales well over 500K. Also you are comparing the smaller floorplan.

Bottomline, I was spot on. You were a bit premature should we say?

here’s a larger floorplan asking in the mid-400’s.

584 VIA DEL CABALLO, San Marcos, CA 92078
–2,259 sqft for $459,000 to $475,000.

is this also a short sale attempt that we shouldn’t count?

you like to pull the “I’m right and you are wrong” game. I like to simply point out that prices are now entering into the $400’s in this neighborhood. Which is firmly in 2003 pricing. As for the folks that bought or are pending at prices “well over 500k,” just more knife catchers IMHO.

[ocrenter]

WHAT IS is the fact that if you really need to sell you got to lower your price to mid-lower 400’s. The rest of the sellers can sit there for another 6 months with their over 500,000 listings, they ain’t gonna get any action.

as a realtor would you advice the homeowners to just sit and wait?

[ocrenter]

WHAT IS is the fact that if you really need to sell you got to lower your price to mid-lower 400’s. The rest of the sellers can sit there for another 6 months with their over 500,000 listings, they ain’t gonna get any action.

as a realtor would you advice the homeowners to just sit and wait?

[ocrenter]

WHAT IS is the fact that if you really need to sell you got to lower your price to mid-lower 400’s. The rest of the sellers can sit there for another 6 months with their over 500,000 listings, they ain’t gonna get any action.

as a realtor would you advice the homeowners to just sit and wait?

[ocrenter]

what I have been finding is you get the short sale attempt approaching the true price point. but the lender rejects it and let it head to foreclosure. by the time the lender has it as a REO, guess what, it is listed at the short sale prices or a bit above.

if the prices are holding up so well, why the price reductions:

–09/2007: listed for sale at $475,000.
–Price Reduced: 09/19/07 — $475,000 to $459,000
–Price Reduced: 09/26/07 — $459,000 to $445,000
–Price Reduced: 10/03/07 — $445,000 to $435,000
–Price Reduced: 10/10/07 — $435,000 to $425,000
–Price Reduced: 10/29/07 — $425,000 to $409,000

[ocrenter]

what I have been finding is you get the short sale attempt approaching the true price point. but the lender rejects it and let it head to foreclosure. by the time the lender has it as a REO, guess what, it is listed at the short sale prices or a bit above.

if the prices are holding up so well, why the price reductions:

–09/2007: listed for sale at $475,000.
–Price Reduced: 09/19/07 — $475,000 to $459,000
–Price Reduced: 09/26/07 — $459,000 to $445,000
–Price Reduced: 10/03/07 — $445,000 to $435,000
–Price Reduced: 10/10/07 — $435,000 to $425,000
–Price Reduced: 10/29/07 — $425,000 to $409,000

[ocrenter]

what I have been finding is you get the short sale attempt approaching the true price point. but the lender rejects it and let it head to foreclosure. by the time the lender has it as a REO, guess what, it is listed at the short sale prices or a bit above.

if the prices are holding up so well, why the price reductions:

–09/2007: listed for sale at $475,000.
–Price Reduced: 09/19/07 — $475,000 to $459,000
–Price Reduced: 09/26/07 — $459,000 to $445,000
–Price Reduced: 10/03/07 — $445,000 to $435,000
–Price Reduced: 10/10/07 — $435,000 to $425,000
–Price Reduced: 10/29/07 — $425,000 to $409,000

[ocrenter]

ocrenter’s call in ’06:
“San Marcos currently has a 1 year supply of homes for sale, now we got 4 foreclosures in one single community. I’m now looking at these properties going down into low $400,000’s mid to late next year.”
___________________________

There is certainly still time for ocrenter’s prediction to be realized. If this neighborhood completely tanks and prices plunge 25-30% over the next 2-6 months, he/she will be right. Certainly not a bet I would make.

http://bubbletracking.blogspot.com/2007/10/if-only-i-waited-in-bellezasan-marcos.html

[ocrenter]

ocrenter’s call in ’06:
“San Marcos currently has a 1 year supply of homes for sale, now we got 4 foreclosures in one single community. I’m now looking at these properties going down into low $400,000’s mid to late next year.”
___________________________

There is certainly still time for ocrenter’s prediction to be realized. If this neighborhood completely tanks and prices plunge 25-30% over the next 2-6 months, he/she will be right. Certainly not a bet I would make.

http://bubbletracking.blogspot.com/2007/10/if-only-i-waited-in-bellezasan-marcos.html

[ocrenter]

ocrenter’s call in ’06:
“San Marcos currently has a 1 year supply of homes for sale, now we got 4 foreclosures in one single community. I’m now looking at these properties going down into low $400,000’s mid to late next year.”
___________________________

There is certainly still time for ocrenter’s prediction to be realized. If this neighborhood completely tanks and prices plunge 25-30% over the next 2-6 months, he/she will be right. Certainly not a bet I would make.

http://bubbletracking.blogspot.com/2007/10/if-only-i-waited-in-bellezasan-marcos.html

[ocrenter]

this is what my friend in Seattle said to me:

him: hey, didn’t SD have a major fire 4 years ago?

me: yes, it was actually worse in term of homes burnt.

him: wow… that’s 2 major catastrophies in 4 years, so you guys have one of these every couple of years?

I’m not saying I agree with him, but you can see how the rest of the country would look at things here thru those comments. again, we already have a skewed out migration pattern, this will not help reverse that trend.

[ocrenter]

this is what my friend in Seattle said to me:

him: hey, didn’t SD have a major fire 4 years ago?

me: yes, it was actually worse in term of homes burnt.

him: wow… that’s 2 major catastrophies in 4 years, so you guys have one of these every couple of years?

I’m not saying I agree with him, but you can see how the rest of the country would look at things here thru those comments. again, we already have a skewed out migration pattern, this will not help reverse that trend.

[ocrenter]

this is what my friend in Seattle said to me:

him: hey, didn’t SD have a major fire 4 years ago?

me: yes, it was actually worse in term of homes burnt.

him: wow… that’s 2 major catastrophies in 4 years, so you guys have one of these every couple of years?

I’m not saying I agree with him, but you can see how the rest of the country would look at things here thru those comments. again, we already have a skewed out migration pattern, this will not help reverse that trend.

[Author]

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