[Scarlett]

[quote=jpinpb]I think 600k is still high, but they’re getting it for now. However, I’ve been posting NODs in Barcelona and the prices are starting to come down in that community. I imagine eventually it will spread to Madrid and then to Valencia.

I think the area is very nice. I’ve always liked that particular area. The train is no big deal and the freeway noise is not too bad, I don’t think.
[/quote]
What do you think the approximate bottom would be for Madrid/Barcelona? I saw a recent posting here that suggested that anything above 2000 prices, or 250/ sf is too much, still ‘bubble’. That would mean mid 400Ks and I don’t see it happening, unless we have a steady decline for years….20% off from the current prices, could it happen in La Jolla Colony?
BTW,Barcelona are detached though, while Madrid are townhomes/attached. Albeit I preferred Madrid vs Barcelona even at the same price/rent.

[Scarlett]

Scarlet,

But we are actually paying attention. I am not sure what’s laughable about it. We were discussing various complexes in CV, their current prices, trying to predict the bottom, and as you could see, I am not planing to buy until next year at the earliest. Maybe 2011 or 2012.And nobody was saying to buy now. Just informing about current properties on the market. The bottom is not here yet, in CV at least, that’s very clear.

I think your timing is a bit off. I don’t think the prices in CV will be droppping *THAT* fast. They may reach 400K for nice townhomes, but not in 1 year. The reality is the largest townhomes in CV are indeed NOW close to 600K. So I predict that in 2010 they will be ~500K. A 15-20% decline at best. Then upper 400K-500K would be a reality, not (yet!) ridiculed. Maybe they will drop further and by 2011 they will be 400K. But maybe by then the economy recovers and the largest townhomes in CV will never see 400K prices, who knows.
Personally, I hope to see starter SFH homes in the low to mid 500K by 2011 in CV… I don’t have a crystal ball, that’s just my hope….

Definitely I will wait and see…
Cheers,
Scarlett

[Scarlett]

Scarlet,

But we are actually paying attention. I am not sure what’s laughable about it. We were discussing various complexes in CV, their current prices, trying to predict the bottom, and as you could see, I am not planing to buy until next year at the earliest. Maybe 2011 or 2012.And nobody was saying to buy now. Just informing about current properties on the market. The bottom is not here yet, in CV at least, that’s very clear.

I think your timing is a bit off. I don’t think the prices in CV will be droppping *THAT* fast. They may reach 400K for nice townhomes, but not in 1 year. The reality is the largest townhomes in CV are indeed NOW close to 600K. So I predict that in 2010 they will be ~500K. A 15-20% decline at best. Then upper 400K-500K would be a reality, not (yet!) ridiculed. Maybe they will drop further and by 2011 they will be 400K. But maybe by then the economy recovers and the largest townhomes in CV will never see 400K prices, who knows.
Personally, I hope to see starter SFH homes in the low to mid 500K by 2011 in CV… I don’t have a crystal ball, that’s just my hope….

Definitely I will wait and see…
Cheers,
Scarlett

[Scarlett]

Scarlet,

But we are actually paying attention. I am not sure what’s laughable about it. We were discussing various complexes in CV, their current prices, trying to predict the bottom, and as you could see, I am not planing to buy until next year at the earliest. Maybe 2011 or 2012.And nobody was saying to buy now. Just informing about current properties on the market. The bottom is not here yet, in CV at least, that’s very clear.

I think your timing is a bit off. I don’t think the prices in CV will be droppping *THAT* fast. They may reach 400K for nice townhomes, but not in 1 year. The reality is the largest townhomes in CV are indeed NOW close to 600K. So I predict that in 2010 they will be ~500K. A 15-20% decline at best. Then upper 400K-500K would be a reality, not (yet!) ridiculed. Maybe they will drop further and by 2011 they will be 400K. But maybe by then the economy recovers and the largest townhomes in CV will never see 400K prices, who knows.
Personally, I hope to see starter SFH homes in the low to mid 500K by 2011 in CV… I don’t have a crystal ball, that’s just my hope….

Definitely I will wait and see…
Cheers,
Scarlett

[Scarlett]

Scarlet,

But we are actually paying attention. I am not sure what’s laughable about it. We were discussing various complexes in CV, their current prices, trying to predict the bottom, and as you could see, I am not planing to buy until next year at the earliest. Maybe 2011 or 2012.And nobody was saying to buy now. Just informing about current properties on the market. The bottom is not here yet, in CV at least, that’s very clear.

I think your timing is a bit off. I don’t think the prices in CV will be droppping *THAT* fast. They may reach 400K for nice townhomes, but not in 1 year. The reality is the largest townhomes in CV are indeed NOW close to 600K. So I predict that in 2010 they will be ~500K. A 15-20% decline at best. Then upper 400K-500K would be a reality, not (yet!) ridiculed. Maybe they will drop further and by 2011 they will be 400K. But maybe by then the economy recovers and the largest townhomes in CV will never see 400K prices, who knows.
Personally, I hope to see starter SFH homes in the low to mid 500K by 2011 in CV… I don’t have a crystal ball, that’s just my hope….

Definitely I will wait and see…
Cheers,
Scarlett

[Scarlett]

Scarlet,

But we are actually paying attention. I am not sure what’s laughable about it. We were discussing various complexes in CV, their current prices, trying to predict the bottom, and as you could see, I am not planing to buy until next year at the earliest. Maybe 2011 or 2012.And nobody was saying to buy now. Just informing about current properties on the market. The bottom is not here yet, in CV at least, that’s very clear.

I think your timing is a bit off. I don’t think the prices in CV will be droppping *THAT* fast. They may reach 400K for nice townhomes, but not in 1 year. The reality is the largest townhomes in CV are indeed NOW close to 600K. So I predict that in 2010 they will be ~500K. A 15-20% decline at best. Then upper 400K-500K would be a reality, not (yet!) ridiculed. Maybe they will drop further and by 2011 they will be 400K. But maybe by then the economy recovers and the largest townhomes in CV will never see 400K prices, who knows.
Personally, I hope to see starter SFH homes in the low to mid 500K by 2011 in CV… I don’t have a crystal ball, that’s just my hope….

Definitely I will wait and see…
Cheers,
Scarlett

[Scarlett]

Yes, the noise and the pollution you get from 56 ARE VERY strong minuses. One has to go there and listen. Outside, where you may not be much of the time, and inside, with the double paned windows, where you will be most of the time. Think that you may want to stay in the house with windows/patio door open. Or in the pool. Does it have A/C?

Take into consideration (future) kids – it has a pool, I don’t know if it’s much else of the yard, you may not want that for safety reasons. Personally I’d rather have more backyard than a pool/spa.

I’ve been in the neighborhood a couple months ago and I thought that it showed some signs of distressed properties, a little patchy, some unkept front yards… Don’t remember for sure if it was Pimpernel, or other streets nearby like Isocoma or Texana…

Overall, I don’t think it’s a good deal, unless you have to have a 4 bdr in PQ NOW as cheap as possible (now) and you can live with the 56 noise and the pool. Inside the house seems pretty decent otherwise. Still, in a year or two , this house will go lower.

[Scarlett]

Yes, the noise and the pollution you get from 56 ARE VERY strong minuses. One has to go there and listen. Outside, where you may not be much of the time, and inside, with the double paned windows, where you will be most of the time. Think that you may want to stay in the house with windows/patio door open. Or in the pool. Does it have A/C?

Take into consideration (future) kids – it has a pool, I don’t know if it’s much else of the yard, you may not want that for safety reasons. Personally I’d rather have more backyard than a pool/spa.

I’ve been in the neighborhood a couple months ago and I thought that it showed some signs of distressed properties, a little patchy, some unkept front yards… Don’t remember for sure if it was Pimpernel, or other streets nearby like Isocoma or Texana…

Overall, I don’t think it’s a good deal, unless you have to have a 4 bdr in PQ NOW as cheap as possible (now) and you can live with the 56 noise and the pool. Inside the house seems pretty decent otherwise. Still, in a year or two , this house will go lower.

[Scarlett]

Yes, the noise and the pollution you get from 56 ARE VERY strong minuses. One has to go there and listen. Outside, where you may not be much of the time, and inside, with the double paned windows, where you will be most of the time. Think that you may want to stay in the house with windows/patio door open. Or in the pool. Does it have A/C?

Take into consideration (future) kids – it has a pool, I don’t know if it’s much else of the yard, you may not want that for safety reasons. Personally I’d rather have more backyard than a pool/spa.

I’ve been in the neighborhood a couple months ago and I thought that it showed some signs of distressed properties, a little patchy, some unkept front yards… Don’t remember for sure if it was Pimpernel, or other streets nearby like Isocoma or Texana…

Overall, I don’t think it’s a good deal, unless you have to have a 4 bdr in PQ NOW as cheap as possible (now) and you can live with the 56 noise and the pool. Inside the house seems pretty decent otherwise. Still, in a year or two , this house will go lower.

[Scarlett]

Yes, the noise and the pollution you get from 56 ARE VERY strong minuses. One has to go there and listen. Outside, where you may not be much of the time, and inside, with the double paned windows, where you will be most of the time. Think that you may want to stay in the house with windows/patio door open. Or in the pool. Does it have A/C?

Take into consideration (future) kids – it has a pool, I don’t know if it’s much else of the yard, you may not want that for safety reasons. Personally I’d rather have more backyard than a pool/spa.

I’ve been in the neighborhood a couple months ago and I thought that it showed some signs of distressed properties, a little patchy, some unkept front yards… Don’t remember for sure if it was Pimpernel, or other streets nearby like Isocoma or Texana…

Overall, I don’t think it’s a good deal, unless you have to have a 4 bdr in PQ NOW as cheap as possible (now) and you can live with the 56 noise and the pool. Inside the house seems pretty decent otherwise. Still, in a year or two , this house will go lower.

[Scarlett]

Yes, the noise and the pollution you get from 56 ARE VERY strong minuses. One has to go there and listen. Outside, where you may not be much of the time, and inside, with the double paned windows, where you will be most of the time. Think that you may want to stay in the house with windows/patio door open. Or in the pool. Does it have A/C?

Take into consideration (future) kids – it has a pool, I don’t know if it’s much else of the yard, you may not want that for safety reasons. Personally I’d rather have more backyard than a pool/spa.

I’ve been in the neighborhood a couple months ago and I thought that it showed some signs of distressed properties, a little patchy, some unkept front yards… Don’t remember for sure if it was Pimpernel, or other streets nearby like Isocoma or Texana…

Overall, I don’t think it’s a good deal, unless you have to have a 4 bdr in PQ NOW as cheap as possible (now) and you can live with the 56 noise and the pool. Inside the house seems pretty decent otherwise. Still, in a year or two , this house will go lower.

[Scarlett]

Thanks, JP, that wouldn’t be too bad. To keep in mind. I won’t buy until next year anyway, but there are signs I will find what I want at the price I want in the future. I’ll keep my eyes open. SDlookup is a great help with that.

BTW, an Antares of 1608 sf has just been listed for $550K. Priced to sell, and I think it will, rather quickly. I think the location of Antares beats the one of Costa del Sol.

Cheers!

[Scarlett]

Thanks, JP, that wouldn’t be too bad. To keep in mind. I won’t buy until next year anyway, but there are signs I will find what I want at the price I want in the future. I’ll keep my eyes open. SDlookup is a great help with that.

BTW, an Antares of 1608 sf has just been listed for $550K. Priced to sell, and I think it will, rather quickly. I think the location of Antares beats the one of Costa del Sol.

Cheers!

[Scarlett]

Thanks, JP, that wouldn’t be too bad. To keep in mind. I won’t buy until next year anyway, but there are signs I will find what I want at the price I want in the future. I’ll keep my eyes open. SDlookup is a great help with that.

BTW, an Antares of 1608 sf has just been listed for $550K. Priced to sell, and I think it will, rather quickly. I think the location of Antares beats the one of Costa del Sol.

Cheers!

[Scarlett]

Thanks, JP, that wouldn’t be too bad. To keep in mind. I won’t buy until next year anyway, but there are signs I will find what I want at the price I want in the future. I’ll keep my eyes open. SDlookup is a great help with that.

BTW, an Antares of 1608 sf has just been listed for $550K. Priced to sell, and I think it will, rather quickly. I think the location of Antares beats the one of Costa del Sol.

Cheers!

[Author]

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