[recordsclerk]

“It seems like you can get 4000+ sq ft for $800K”
This is true, but just started selling in the 800’s in the last few months. There are 2 properties that just closed in the 700’s. The one on Hawthorne (was listed for 835K)is 4300sqft and sold for 700K and another one on Blue Ridge (I think that’s the name of the street and was listed for 799K) 4070sqft sold for 720K. Both properties were not trashed and in good condition (I viewed both homes personally). Chula Vista has always been cheaper then Carmel Valley, but the gap is widening.

[recordsclerk]

“It seems like you can get 4000+ sq ft for $800K”
This is true, but just started selling in the 800’s in the last few months. There are 2 properties that just closed in the 700’s. The one on Hawthorne (was listed for 835K)is 4300sqft and sold for 700K and another one on Blue Ridge (I think that’s the name of the street and was listed for 799K) 4070sqft sold for 720K. Both properties were not trashed and in good condition (I viewed both homes personally). Chula Vista has always been cheaper then Carmel Valley, but the gap is widening.

[recordsclerk]

The homes purchased between 2004-2007 are selling for below the original purchase price. The REOs are selling at a loss and pricing is starting to go back to 2003 prices. Good luck with your search.

[recordsclerk]

The homes purchased between 2004-2007 are selling for below the original purchase price. The REOs are selling at a loss and pricing is starting to go back to 2003 prices. Good luck with your search.

[recordsclerk]

The homes purchased between 2004-2007 are selling for below the original purchase price. The REOs are selling at a loss and pricing is starting to go back to 2003 prices. Good luck with your search.

[recordsclerk]

The homes purchased between 2004-2007 are selling for below the original purchase price. The REOs are selling at a loss and pricing is starting to go back to 2003 prices. Good luck with your search.

[recordsclerk]

The homes purchased between 2004-2007 are selling for below the original purchase price. The REOs are selling at a loss and pricing is starting to go back to 2003 prices. Good luck with your search.

[recordsclerk]

Rollingboricua,

Since I have been seriously shopping in this area for the last 3 months and studying this area since 2004, I will try to answer your question. This would be a guess just like anyone else. 91914 has held up better then 91913 and 91915. I think this is due to the fact that there is no Mello Roos except in the Miguel Ranch and Woods areas. I’m am only looking at larger homes 3000sqft and over, so I might be wrong about anything smaller and my samples would be from homes 3000sqft and larger. The homes in the Woods area have dropped dramatically and there are REOs listed at 30-40% loss since last/original saler. There are a lot of short sales in that area also. The newer 91914 area east of Hunte and North of Proctor Valley (EH) are just starting to get under way due to the fact that they were sold 2005 and later. Castillian seems to be the first build that is showing distress. I think Quintessa is next and only a few months away from showing distress. Clearstory and Provence will come after that, but I don’t think there will be as many distressed sellers due to loan resets, I think they will just simply walk away because their homes are 20-30% underwater and they will not want to continue to pay when it makes more since just walking away and saving a few 100K.
The gated homes in (Tessera?) off Duncan Ranch have held up until recently. These homes were going for 900k and up. There are about 8 active listings and 2 or 3 are for under 700K. Just last month you wouldn’t see any listings under 700k, I think the lowest was 750k+.
The homes off Duncan Ranch north of Protor Valley (Magnolia Hills?) have also held up pretty good. I have not seen anything under 700K.
The homes in Miguel Ranch that were built 2003-2005ish have not fared as good. There are still some owners in denial in that area, but REO’s are listing in the high 500K- low 600s.
In 91915 and 91913 you can find listings for 3000sqft homes in the low to mid 500s. The Windingwalk area is a mess. There are so many listings in a 6 block radius. Most of them are short sales, but there are some REOs and obviously future REOs.
I do think that this area will drop more, especially the homes (builds) that have held up the most in 91914. I think that homes in 91914 will still be more desirable/valuable then 91913 and 91915, but I think they will catch up to the % drops seen in those Zips. I think this area will probably drop another 20% and will end up down about 40-60% from it’s highs. I also think that you may find $110 sqft for some REOs at the bottom.

[recordsclerk]

Rollingboricua,

Since I have been seriously shopping in this area for the last 3 months and studying this area since 2004, I will try to answer your question. This would be a guess just like anyone else. 91914 has held up better then 91913 and 91915. I think this is due to the fact that there is no Mello Roos except in the Miguel Ranch and Woods areas. I’m am only looking at larger homes 3000sqft and over, so I might be wrong about anything smaller and my samples would be from homes 3000sqft and larger. The homes in the Woods area have dropped dramatically and there are REOs listed at 30-40% loss since last/original saler. There are a lot of short sales in that area also. The newer 91914 area east of Hunte and North of Proctor Valley (EH) are just starting to get under way due to the fact that they were sold 2005 and later. Castillian seems to be the first build that is showing distress. I think Quintessa is next and only a few months away from showing distress. Clearstory and Provence will come after that, but I don’t think there will be as many distressed sellers due to loan resets, I think they will just simply walk away because their homes are 20-30% underwater and they will not want to continue to pay when it makes more since just walking away and saving a few 100K.
The gated homes in (Tessera?) off Duncan Ranch have held up until recently. These homes were going for 900k and up. There are about 8 active listings and 2 or 3 are for under 700K. Just last month you wouldn’t see any listings under 700k, I think the lowest was 750k+.
The homes off Duncan Ranch north of Protor Valley (Magnolia Hills?) have also held up pretty good. I have not seen anything under 700K.
The homes in Miguel Ranch that were built 2003-2005ish have not fared as good. There are still some owners in denial in that area, but REO’s are listing in the high 500K- low 600s.
In 91915 and 91913 you can find listings for 3000sqft homes in the low to mid 500s. The Windingwalk area is a mess. There are so many listings in a 6 block radius. Most of them are short sales, but there are some REOs and obviously future REOs.
I do think that this area will drop more, especially the homes (builds) that have held up the most in 91914. I think that homes in 91914 will still be more desirable/valuable then 91913 and 91915, but I think they will catch up to the % drops seen in those Zips. I think this area will probably drop another 20% and will end up down about 40-60% from it’s highs. I also think that you may find $110 sqft for some REOs at the bottom.

[recordsclerk]

Rollingboricua,

Since I have been seriously shopping in this area for the last 3 months and studying this area since 2004, I will try to answer your question. This would be a guess just like anyone else. 91914 has held up better then 91913 and 91915. I think this is due to the fact that there is no Mello Roos except in the Miguel Ranch and Woods areas. I’m am only looking at larger homes 3000sqft and over, so I might be wrong about anything smaller and my samples would be from homes 3000sqft and larger. The homes in the Woods area have dropped dramatically and there are REOs listed at 30-40% loss since last/original saler. There are a lot of short sales in that area also. The newer 91914 area east of Hunte and North of Proctor Valley (EH) are just starting to get under way due to the fact that they were sold 2005 and later. Castillian seems to be the first build that is showing distress. I think Quintessa is next and only a few months away from showing distress. Clearstory and Provence will come after that, but I don’t think there will be as many distressed sellers due to loan resets, I think they will just simply walk away because their homes are 20-30% underwater and they will not want to continue to pay when it makes more since just walking away and saving a few 100K.
The gated homes in (Tessera?) off Duncan Ranch have held up until recently. These homes were going for 900k and up. There are about 8 active listings and 2 or 3 are for under 700K. Just last month you wouldn’t see any listings under 700k, I think the lowest was 750k+.
The homes off Duncan Ranch north of Protor Valley (Magnolia Hills?) have also held up pretty good. I have not seen anything under 700K.
The homes in Miguel Ranch that were built 2003-2005ish have not fared as good. There are still some owners in denial in that area, but REO’s are listing in the high 500K- low 600s.
In 91915 and 91913 you can find listings for 3000sqft homes in the low to mid 500s. The Windingwalk area is a mess. There are so many listings in a 6 block radius. Most of them are short sales, but there are some REOs and obviously future REOs.
I do think that this area will drop more, especially the homes (builds) that have held up the most in 91914. I think that homes in 91914 will still be more desirable/valuable then 91913 and 91915, but I think they will catch up to the % drops seen in those Zips. I think this area will probably drop another 20% and will end up down about 40-60% from it’s highs. I also think that you may find $110 sqft for some REOs at the bottom.

[recordsclerk]

Rollingboricua,

Since I have been seriously shopping in this area for the last 3 months and studying this area since 2004, I will try to answer your question. This would be a guess just like anyone else. 91914 has held up better then 91913 and 91915. I think this is due to the fact that there is no Mello Roos except in the Miguel Ranch and Woods areas. I’m am only looking at larger homes 3000sqft and over, so I might be wrong about anything smaller and my samples would be from homes 3000sqft and larger. The homes in the Woods area have dropped dramatically and there are REOs listed at 30-40% loss since last/original saler. There are a lot of short sales in that area also. The newer 91914 area east of Hunte and North of Proctor Valley (EH) are just starting to get under way due to the fact that they were sold 2005 and later. Castillian seems to be the first build that is showing distress. I think Quintessa is next and only a few months away from showing distress. Clearstory and Provence will come after that, but I don’t think there will be as many distressed sellers due to loan resets, I think they will just simply walk away because their homes are 20-30% underwater and they will not want to continue to pay when it makes more since just walking away and saving a few 100K.
The gated homes in (Tessera?) off Duncan Ranch have held up until recently. These homes were going for 900k and up. There are about 8 active listings and 2 or 3 are for under 700K. Just last month you wouldn’t see any listings under 700k, I think the lowest was 750k+.
The homes off Duncan Ranch north of Protor Valley (Magnolia Hills?) have also held up pretty good. I have not seen anything under 700K.
The homes in Miguel Ranch that were built 2003-2005ish have not fared as good. There are still some owners in denial in that area, but REO’s are listing in the high 500K- low 600s.
In 91915 and 91913 you can find listings for 3000sqft homes in the low to mid 500s. The Windingwalk area is a mess. There are so many listings in a 6 block radius. Most of them are short sales, but there are some REOs and obviously future REOs.
I do think that this area will drop more, especially the homes (builds) that have held up the most in 91914. I think that homes in 91914 will still be more desirable/valuable then 91913 and 91915, but I think they will catch up to the % drops seen in those Zips. I think this area will probably drop another 20% and will end up down about 40-60% from it’s highs. I also think that you may find $110 sqft for some REOs at the bottom.

[recordsclerk]

Rollingboricua,

Since I have been seriously shopping in this area for the last 3 months and studying this area since 2004, I will try to answer your question. This would be a guess just like anyone else. 91914 has held up better then 91913 and 91915. I think this is due to the fact that there is no Mello Roos except in the Miguel Ranch and Woods areas. I’m am only looking at larger homes 3000sqft and over, so I might be wrong about anything smaller and my samples would be from homes 3000sqft and larger. The homes in the Woods area have dropped dramatically and there are REOs listed at 30-40% loss since last/original saler. There are a lot of short sales in that area also. The newer 91914 area east of Hunte and North of Proctor Valley (EH) are just starting to get under way due to the fact that they were sold 2005 and later. Castillian seems to be the first build that is showing distress. I think Quintessa is next and only a few months away from showing distress. Clearstory and Provence will come after that, but I don’t think there will be as many distressed sellers due to loan resets, I think they will just simply walk away because their homes are 20-30% underwater and they will not want to continue to pay when it makes more since just walking away and saving a few 100K.
The gated homes in (Tessera?) off Duncan Ranch have held up until recently. These homes were going for 900k and up. There are about 8 active listings and 2 or 3 are for under 700K. Just last month you wouldn’t see any listings under 700k, I think the lowest was 750k+.
The homes off Duncan Ranch north of Protor Valley (Magnolia Hills?) have also held up pretty good. I have not seen anything under 700K.
The homes in Miguel Ranch that were built 2003-2005ish have not fared as good. There are still some owners in denial in that area, but REO’s are listing in the high 500K- low 600s.
In 91915 and 91913 you can find listings for 3000sqft homes in the low to mid 500s. The Windingwalk area is a mess. There are so many listings in a 6 block radius. Most of them are short sales, but there are some REOs and obviously future REOs.
I do think that this area will drop more, especially the homes (builds) that have held up the most in 91914. I think that homes in 91914 will still be more desirable/valuable then 91913 and 91915, but I think they will catch up to the % drops seen in those Zips. I think this area will probably drop another 20% and will end up down about 40-60% from it’s highs. I also think that you may find $110 sqft for some REOs at the bottom.

[recordsclerk]

Are you telling me that you do not prefer La Jolla over Temecula? I probably earn less then 99% of the people on this blog, but I haven’t lost my since of realty when it comes to more desirable areas. That’s what makes an area more valuable then another area. I’m currently shopping in Chula Vista for a home since I can’t afford RSF, but given the chance I would prefer RSF. I think Temecula has it’s charm and have actually thought about living there, but the commute is a killer.

[recordsclerk]

Are you telling me that you do not prefer La Jolla over Temecula? I probably earn less then 99% of the people on this blog, but I haven’t lost my since of realty when it comes to more desirable areas. That’s what makes an area more valuable then another area. I’m currently shopping in Chula Vista for a home since I can’t afford RSF, but given the chance I would prefer RSF. I think Temecula has it’s charm and have actually thought about living there, but the commute is a killer.

[recordsclerk]

Are you telling me that you do not prefer La Jolla over Temecula? I probably earn less then 99% of the people on this blog, but I haven’t lost my since of realty when it comes to more desirable areas. That’s what makes an area more valuable then another area. I’m currently shopping in Chula Vista for a home since I can’t afford RSF, but given the chance I would prefer RSF. I think Temecula has it’s charm and have actually thought about living there, but the commute is a killer.

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