[pemeliza]

“If you are looking for a large price decrease in a few months, I personally don’t see it happening. If you can wait another year or 2 or 3 then yes it may happen due to either large interest rate shock, or something else substantial.”

SDR, at this point I have given up on further price declines. I would settle for more inventory at REO sales prices. In the areas I have been looking hard at for the last 2 years, the choice inventory under 850k has essentially dried up. I feel like for every “deal” there must be at least 10 buyers. My hope is that buyers will get frustrated by the lack of inventory this fall and hibernate until the spring.

[pemeliza]

“If you are looking for a large price decrease in a few months, I personally don’t see it happening. If you can wait another year or 2 or 3 then yes it may happen due to either large interest rate shock, or something else substantial.”

SDR, at this point I have given up on further price declines. I would settle for more inventory at REO sales prices. In the areas I have been looking hard at for the last 2 years, the choice inventory under 850k has essentially dried up. I feel like for every “deal” there must be at least 10 buyers. My hope is that buyers will get frustrated by the lack of inventory this fall and hibernate until the spring.

[pemeliza]

“If you are looking for a large price decrease in a few months, I personally don’t see it happening. If you can wait another year or 2 or 3 then yes it may happen due to either large interest rate shock, or something else substantial.”

SDR, at this point I have given up on further price declines. I would settle for more inventory at REO sales prices. In the areas I have been looking hard at for the last 2 years, the choice inventory under 850k has essentially dried up. I feel like for every “deal” there must be at least 10 buyers. My hope is that buyers will get frustrated by the lack of inventory this fall and hibernate until the spring.

[pemeliza]

This seems like a good deal given the sq. footage and location (especially compared to what else is on the market)

http://www.sdlookup.com/MLS-080072634-8070_Via_Arce_Carlsbad_CA_92009

[pemeliza]

This seems like a good deal given the sq. footage and location (especially compared to what else is on the market)

http://www.sdlookup.com/MLS-080072634-8070_Via_Arce_Carlsbad_CA_92009

[pemeliza]

This seems like a good deal given the sq. footage and location (especially compared to what else is on the market)

http://www.sdlookup.com/MLS-080072634-8070_Via_Arce_Carlsbad_CA_92009

[pemeliza]

This seems like a good deal given the sq. footage and location (especially compared to what else is on the market)

http://www.sdlookup.com/MLS-080072634-8070_Via_Arce_Carlsbad_CA_92009

[pemeliza]

This seems like a good deal given the sq. footage and location (especially compared to what else is on the market)

http://www.sdlookup.com/MLS-080072634-8070_Via_Arce_Carlsbad_CA_92009

[pemeliza]

“because 850K is the magic number these days”

It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.

The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.

[pemeliza]

“because 850K is the magic number these days”

It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.

The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.

[pemeliza]

“because 850K is the magic number these days”

It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.

The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.

[pemeliza]

“because 850K is the magic number these days”

It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.

The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.

[pemeliza]

“because 850K is the magic number these days”

It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.

The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.

[pemeliza]

“my gut tells me they are and that its time for a break.”

This is looking like a nice call after today’s action.

[pemeliza]

“my gut tells me they are and that its time for a break.”

This is looking like a nice call after today’s action.

[Author]

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