[pemeliza]

“$534k for a 2/1 under 1000 feet? I’d say that the MH premium is still rather high. Nice kitchen…from the 70’s.
The built-ins are nice but there’s no way I’d pay that much for that place.”

This place closed during the tax credit frenzy so I would say it is not unreasonable that something this would be selling for 450k before this is all over. I guess the point I was trying to make is that mission hills is kinda tanking right now and I would definitely not pay 550k+ for a house in NP a block away from University near a gas station with a 10k home depot kitchen thrown in. See for example,

http://www.sdlookup.com/MLS-100038503-3806_Villa_Terrace_San_Diego_CA_92104

The place on Montecito sold for 300k in 1990 which was the peak of the last bubble but interest rates were also 8-10% so when you factor in the difference in rates the payment is pretty much the same.

As far as the mission hills premium, there is a pretty close house match in north park on Granada that sold for 495k late last year

http://www.redfin.com/CA/San-Diego/3727-Granada-Ave-92104/home/5381818

So maybe there is a 10-15% premium right now for north mission hills. Personally I would pay that premium and get a fixer. You can always fix the house.

[pemeliza]

“$534k for a 2/1 under 1000 feet? I’d say that the MH premium is still rather high. Nice kitchen…from the 70’s.
The built-ins are nice but there’s no way I’d pay that much for that place.”

This place closed during the tax credit frenzy so I would say it is not unreasonable that something this would be selling for 450k before this is all over. I guess the point I was trying to make is that mission hills is kinda tanking right now and I would definitely not pay 550k+ for a house in NP a block away from University near a gas station with a 10k home depot kitchen thrown in. See for example,

http://www.sdlookup.com/MLS-100038503-3806_Villa_Terrace_San_Diego_CA_92104

The place on Montecito sold for 300k in 1990 which was the peak of the last bubble but interest rates were also 8-10% so when you factor in the difference in rates the payment is pretty much the same.

As far as the mission hills premium, there is a pretty close house match in north park on Granada that sold for 495k late last year

http://www.redfin.com/CA/San-Diego/3727-Granada-Ave-92104/home/5381818

So maybe there is a 10-15% premium right now for north mission hills. Personally I would pay that premium and get a fixer. You can always fix the house.

[pemeliza]

“$534k for a 2/1 under 1000 feet? I’d say that the MH premium is still rather high. Nice kitchen…from the 70’s.
The built-ins are nice but there’s no way I’d pay that much for that place.”

This place closed during the tax credit frenzy so I would say it is not unreasonable that something this would be selling for 450k before this is all over. I guess the point I was trying to make is that mission hills is kinda tanking right now and I would definitely not pay 550k+ for a house in NP a block away from University near a gas station with a 10k home depot kitchen thrown in. See for example,

http://www.sdlookup.com/MLS-100038503-3806_Villa_Terrace_San_Diego_CA_92104

The place on Montecito sold for 300k in 1990 which was the peak of the last bubble but interest rates were also 8-10% so when you factor in the difference in rates the payment is pretty much the same.

As far as the mission hills premium, there is a pretty close house match in north park on Granada that sold for 495k late last year

http://www.redfin.com/CA/San-Diego/3727-Granada-Ave-92104/home/5381818

So maybe there is a 10-15% premium right now for north mission hills. Personally I would pay that premium and get a fixer. You can always fix the house.

[pemeliza]

TG, what you indicate only applies to the low to low-mid price ranges in SD. The mid-high to high price ranges have gotten slammed just like everywhere else. If you have 750k to spend you are going to get a house that sold for 1M-1.2M at the peak. That is a pretty healthy discount IMHO. I am talking premium locations like mission hills, point loma, etc.

As far as NP, if I had 500-600k to spend I think I would look hard at mission hills. Right now, the mission hills premium as compared to NP seems low. For example here a few that recently closed in north mission hills.

http://www.sdlookup.com/MLS-100027536-1869_Montecito_Way_San_Diego_CA_92103

http://www.sdlookup.com/MLS-100025947-4243_Jackdaw_St_San_Diego_CA_92103

[pemeliza]

TG, what you indicate only applies to the low to low-mid price ranges in SD. The mid-high to high price ranges have gotten slammed just like everywhere else. If you have 750k to spend you are going to get a house that sold for 1M-1.2M at the peak. That is a pretty healthy discount IMHO. I am talking premium locations like mission hills, point loma, etc.

As far as NP, if I had 500-600k to spend I think I would look hard at mission hills. Right now, the mission hills premium as compared to NP seems low. For example here a few that recently closed in north mission hills.

http://www.sdlookup.com/MLS-100027536-1869_Montecito_Way_San_Diego_CA_92103

http://www.sdlookup.com/MLS-100025947-4243_Jackdaw_St_San_Diego_CA_92103

[pemeliza]

TG, what you indicate only applies to the low to low-mid price ranges in SD. The mid-high to high price ranges have gotten slammed just like everywhere else. If you have 750k to spend you are going to get a house that sold for 1M-1.2M at the peak. That is a pretty healthy discount IMHO. I am talking premium locations like mission hills, point loma, etc.

As far as NP, if I had 500-600k to spend I think I would look hard at mission hills. Right now, the mission hills premium as compared to NP seems low. For example here a few that recently closed in north mission hills.

http://www.sdlookup.com/MLS-100027536-1869_Montecito_Way_San_Diego_CA_92103

http://www.sdlookup.com/MLS-100025947-4243_Jackdaw_St_San_Diego_CA_92103

[pemeliza]

TG, what you indicate only applies to the low to low-mid price ranges in SD. The mid-high to high price ranges have gotten slammed just like everywhere else. If you have 750k to spend you are going to get a house that sold for 1M-1.2M at the peak. That is a pretty healthy discount IMHO. I am talking premium locations like mission hills, point loma, etc.

As far as NP, if I had 500-600k to spend I think I would look hard at mission hills. Right now, the mission hills premium as compared to NP seems low. For example here a few that recently closed in north mission hills.

http://www.sdlookup.com/MLS-100027536-1869_Montecito_Way_San_Diego_CA_92103

http://www.sdlookup.com/MLS-100025947-4243_Jackdaw_St_San_Diego_CA_92103

[pemeliza]

TG, what you indicate only applies to the low to low-mid price ranges in SD. The mid-high to high price ranges have gotten slammed just like everywhere else. If you have 750k to spend you are going to get a house that sold for 1M-1.2M at the peak. That is a pretty healthy discount IMHO. I am talking premium locations like mission hills, point loma, etc.

As far as NP, if I had 500-600k to spend I think I would look hard at mission hills. Right now, the mission hills premium as compared to NP seems low. For example here a few that recently closed in north mission hills.

http://www.sdlookup.com/MLS-100027536-1869_Montecito_Way_San_Diego_CA_92103

http://www.sdlookup.com/MLS-100025947-4243_Jackdaw_St_San_Diego_CA_92103

[pemeliza]

Looks like the place at 2238 Westland is pending.

[pemeliza]

Looks like the place at 2238 Westland is pending.

[pemeliza]

Looks like the place at 2238 Westland is pending.

[pemeliza]

Looks like the place at 2238 Westland is pending.

[pemeliza]

Looks like the place at 2238 Westland is pending.

[pemeliza]

jp, have you looked at this one yet:

http://www.sdlookup.com/MLS-100035651-92117

I don’t know much about the area but it seems similar to the type of stuff you are looking at.

[pemeliza]

jp, have you looked at this one yet:

http://www.sdlookup.com/MLS-100035651-92117

I don’t know much about the area but it seems similar to the type of stuff you are looking at.

[Author]

Posts