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SD Realtor
ParticipantNostra I have not heard of the Henrys plan but that would be cool. Prior to a Ballys I think it was a Ralphs wasnt it? I forgot…
Jimmy I guess I am intrigued by your post. Asking people to compare the two is odd, especially since you are familiar with the area. As AN said traffic on New Salem is always a consideration. Penridge is much quieter, (I know Summerset well) but it will continue to fall. I had a sale of a similar floor plan to Penridge that went for I think 508k this past summer, it was on Granby. So sitting tight and letting things play out is way to go for properties like this. Have your agent show you all of the Summerset activity and you will see the trendline.
SD Realtor
ParticipantNostra I have not heard of the Henrys plan but that would be cool. Prior to a Ballys I think it was a Ralphs wasnt it? I forgot…
Jimmy I guess I am intrigued by your post. Asking people to compare the two is odd, especially since you are familiar with the area. As AN said traffic on New Salem is always a consideration. Penridge is much quieter, (I know Summerset well) but it will continue to fall. I had a sale of a similar floor plan to Penridge that went for I think 508k this past summer, it was on Granby. So sitting tight and letting things play out is way to go for properties like this. Have your agent show you all of the Summerset activity and you will see the trendline.
SD Realtor
ParticipantNostra I have not heard of the Henrys plan but that would be cool. Prior to a Ballys I think it was a Ralphs wasnt it? I forgot…
Jimmy I guess I am intrigued by your post. Asking people to compare the two is odd, especially since you are familiar with the area. As AN said traffic on New Salem is always a consideration. Penridge is much quieter, (I know Summerset well) but it will continue to fall. I had a sale of a similar floor plan to Penridge that went for I think 508k this past summer, it was on Granby. So sitting tight and letting things play out is way to go for properties like this. Have your agent show you all of the Summerset activity and you will see the trendline.
SD Realtor
ParticipantBugs made a good post and I agree with him. On your questions, it is a tough call maicde… I know of a few people who are really looking hard for places up in LCV and Encinitas. The nicer places that each of them has wanted seem to get snapped up. There have been some reductions and some decent deals but not on the properties that each of these people has been looking for. There is a pretty substantial variations on the housing quality from high end stuff in La Costa to older stock in Encinitas. If you could be a little more specific it would help. I think that during the spring things will hold off dropping much as that is the season of strongest activity (and denial) so you may see some reductions there but I think it will not be until summertime and then later to see some stronger moves. Also sdr and Jim are really expert in this submarket.
SD Realtor
ParticipantBugs made a good post and I agree with him. On your questions, it is a tough call maicde… I know of a few people who are really looking hard for places up in LCV and Encinitas. The nicer places that each of them has wanted seem to get snapped up. There have been some reductions and some decent deals but not on the properties that each of these people has been looking for. There is a pretty substantial variations on the housing quality from high end stuff in La Costa to older stock in Encinitas. If you could be a little more specific it would help. I think that during the spring things will hold off dropping much as that is the season of strongest activity (and denial) so you may see some reductions there but I think it will not be until summertime and then later to see some stronger moves. Also sdr and Jim are really expert in this submarket.
SD Realtor
ParticipantBugs made a good post and I agree with him. On your questions, it is a tough call maicde… I know of a few people who are really looking hard for places up in LCV and Encinitas. The nicer places that each of them has wanted seem to get snapped up. There have been some reductions and some decent deals but not on the properties that each of these people has been looking for. There is a pretty substantial variations on the housing quality from high end stuff in La Costa to older stock in Encinitas. If you could be a little more specific it would help. I think that during the spring things will hold off dropping much as that is the season of strongest activity (and denial) so you may see some reductions there but I think it will not be until summertime and then later to see some stronger moves. Also sdr and Jim are really expert in this submarket.
SD Realtor
ParticipantBugs made a good post and I agree with him. On your questions, it is a tough call maicde… I know of a few people who are really looking hard for places up in LCV and Encinitas. The nicer places that each of them has wanted seem to get snapped up. There have been some reductions and some decent deals but not on the properties that each of these people has been looking for. There is a pretty substantial variations on the housing quality from high end stuff in La Costa to older stock in Encinitas. If you could be a little more specific it would help. I think that during the spring things will hold off dropping much as that is the season of strongest activity (and denial) so you may see some reductions there but I think it will not be until summertime and then later to see some stronger moves. Also sdr and Jim are really expert in this submarket.
SD Realtor
ParticipantBugs made a good post and I agree with him. On your questions, it is a tough call maicde… I know of a few people who are really looking hard for places up in LCV and Encinitas. The nicer places that each of them has wanted seem to get snapped up. There have been some reductions and some decent deals but not on the properties that each of these people has been looking for. There is a pretty substantial variations on the housing quality from high end stuff in La Costa to older stock in Encinitas. If you could be a little more specific it would help. I think that during the spring things will hold off dropping much as that is the season of strongest activity (and denial) so you may see some reductions there but I think it will not be until summertime and then later to see some stronger moves. Also sdr and Jim are really expert in this submarket.
SD Realtor
ParticipantBluff repair work is really tough. In many cases landslides and such are deemed an act of god and many insurers will not cover them. The advice from golf in the previous post is good however I am not sure if there is anything the HOA will be able to help you with. Also HOA and property management companies will NOT give much information out to anyone who is NOT a homeowner, they actually cannot do that. HOA and prop managers get demands from escrow to deliver bylaws, minutes, meeting notes etc… One thing you can do is ask your agent to get you the individual names of the officers of the HOA and try to contact them and talk. You may or may not get reliable information and surely not warrantied or anything but having a talk with them is often VERY insightful.
For absolute sure you would want to get supplemental insurance for such a unit which means you want to contact insurance companies on your own. Insurance from the HOA is very very subjective and reviewing the policy for your unit that is covered by the policy purchased by the HOA is not only burdensome, but scary when you realize how much you ARE NOT covered for.
If you are really wanting true oceanfront then no you will pay much more then 500 a square foot. It really depends on what part of the coast you are on. Solana Beach will be much more expensive then say Oceanside. The further up the coast you get the better with regards to price.
Looking exclusively at Solana Beach you have the primo places going from 800 psf on up for really nice unobstructed views and such. If you are diligent and choosey and can be patient you can most likely find something. True oceanfront is a very limited commodity. I am not saying those homes will stay that expensive forever but…. I don’t expect them to dump in price. Other people who are more bearish may feel differently.
The bluffs issue and sea wall issues are tough calls though.
Realtor
ParticipantBluff repair work is really tough. In many cases landslides and such are deemed an act of god and many insurers will not cover them. The advice from golf in the previous post is good however I am not sure if there is anything the HOA will be able to help you with. Also HOA and property management companies will NOT give much information out to anyone who is NOT a homeowner, they actually cannot do that. HOA and prop managers get demands from escrow to deliver bylaws, minutes, meeting notes etc… One thing you can do is ask your agent to get you the individual names of the officers of the HOA and try to contact them and talk. You may or may not get reliable information and surely not warrantied or anything but having a talk with them is often VERY insightful.
For absolute sure you would want to get supplemental insurance for such a unit which means you want to contact insurance companies on your own. Insurance from the HOA is very very subjective and reviewing the policy for your unit that is covered by the policy purchased by the HOA is not only burdensome, but scary when you realize how much you ARE NOT covered for.
If you are really wanting true oceanfront then no you will pay much more then 500 a square foot. It really depends on what part of the coast you are on. Solana Beach will be much more expensive then say Oceanside. The further up the coast you get the better with regards to price.
Looking exclusively at Solana Beach you have the primo places going from 800 psf on up for really nice unobstructed views and such. If you are diligent and choosey and can be patient you can most likely find something. True oceanfront is a very limited commodity. I am not saying those homes will stay that expensive forever but…. I don’t expect them to dump in price. Other people who are more bearish may feel differently.
The bluffs issue and sea wall issues are tough calls though.
Realtor
ParticipantBluff repair work is really tough. In many cases landslides and such are deemed an act of god and many insurers will not cover them. The advice from golf in the previous post is good however I am not sure if there is anything the HOA will be able to help you with. Also HOA and property management companies will NOT give much information out to anyone who is NOT a homeowner, they actually cannot do that. HOA and prop managers get demands from escrow to deliver bylaws, minutes, meeting notes etc… One thing you can do is ask your agent to get you the individual names of the officers of the HOA and try to contact them and talk. You may or may not get reliable information and surely not warrantied or anything but having a talk with them is often VERY insightful.
For absolute sure you would want to get supplemental insurance for such a unit which means you want to contact insurance companies on your own. Insurance from the HOA is very very subjective and reviewing the policy for your unit that is covered by the policy purchased by the HOA is not only burdensome, but scary when you realize how much you ARE NOT covered for.
If you are really wanting true oceanfront then no you will pay much more then 500 a square foot. It really depends on what part of the coast you are on. Solana Beach will be much more expensive then say Oceanside. The further up the coast you get the better with regards to price.
Looking exclusively at Solana Beach you have the primo places going from 800 psf on up for really nice unobstructed views and such. If you are diligent and choosey and can be patient you can most likely find something. True oceanfront is a very limited commodity. I am not saying those homes will stay that expensive forever but…. I don’t expect them to dump in price. Other people who are more bearish may feel differently.
The bluffs issue and sea wall issues are tough calls though.
Realtor
ParticipantBluff repair work is really tough. In many cases landslides and such are deemed an act of god and many insurers will not cover them. The advice from golf in the previous post is good however I am not sure if there is anything the HOA will be able to help you with. Also HOA and property management companies will NOT give much information out to anyone who is NOT a homeowner, they actually cannot do that. HOA and prop managers get demands from escrow to deliver bylaws, minutes, meeting notes etc… One thing you can do is ask your agent to get you the individual names of the officers of the HOA and try to contact them and talk. You may or may not get reliable information and surely not warrantied or anything but having a talk with them is often VERY insightful.
For absolute sure you would want to get supplemental insurance for such a unit which means you want to contact insurance companies on your own. Insurance from the HOA is very very subjective and reviewing the policy for your unit that is covered by the policy purchased by the HOA is not only burdensome, but scary when you realize how much you ARE NOT covered for.
If you are really wanting true oceanfront then no you will pay much more then 500 a square foot. It really depends on what part of the coast you are on. Solana Beach will be much more expensive then say Oceanside. The further up the coast you get the better with regards to price.
Looking exclusively at Solana Beach you have the primo places going from 800 psf on up for really nice unobstructed views and such. If you are diligent and choosey and can be patient you can most likely find something. True oceanfront is a very limited commodity. I am not saying those homes will stay that expensive forever but…. I don’t expect them to dump in price. Other people who are more bearish may feel differently.
The bluffs issue and sea wall issues are tough calls though.
Realtor
ParticipantBluff repair work is really tough. In many cases landslides and such are deemed an act of god and many insurers will not cover them. The advice from golf in the previous post is good however I am not sure if there is anything the HOA will be able to help you with. Also HOA and property management companies will NOT give much information out to anyone who is NOT a homeowner, they actually cannot do that. HOA and prop managers get demands from escrow to deliver bylaws, minutes, meeting notes etc… One thing you can do is ask your agent to get you the individual names of the officers of the HOA and try to contact them and talk. You may or may not get reliable information and surely not warrantied or anything but having a talk with them is often VERY insightful.
For absolute sure you would want to get supplemental insurance for such a unit which means you want to contact insurance companies on your own. Insurance from the HOA is very very subjective and reviewing the policy for your unit that is covered by the policy purchased by the HOA is not only burdensome, but scary when you realize how much you ARE NOT covered for.
If you are really wanting true oceanfront then no you will pay much more then 500 a square foot. It really depends on what part of the coast you are on. Solana Beach will be much more expensive then say Oceanside. The further up the coast you get the better with regards to price.
Looking exclusively at Solana Beach you have the primo places going from 800 psf on up for really nice unobstructed views and such. If you are diligent and choosey and can be patient you can most likely find something. True oceanfront is a very limited commodity. I am not saying those homes will stay that expensive forever but…. I don’t expect them to dump in price. Other people who are more bearish may feel differently.
The bluffs issue and sea wall issues are tough calls though.
Realtor
ParticipantLike I said, not many flippers come in with 300k cash.
I would be willing to bet this was not a flip.
SD Realtor
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