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SD Realtor
ParticipantYou pretty much had it right with respect to the time of year cycle… I actually believe the “best” time in an annual cycle may be the July-September timeframe. I feel that way because you have the spring washouts (that didn’t sell because they priced poorly or have cruddy homes), and you have all the other people who lagged on listing in the spring and now are rushing to list prior to the end of the summer, so you have not totally lost all the inventory yet. However you still have the desperation factor as well so you kind of get the best of both worlds. By the time winter comes you do have alot of more desperate sellers but definitely not as much inventory… Not sure if that matters alot though…
Now one thing you need to think about as well… because of your relatively quick timeframe, a huge consequence to you will be the 10 year treasury yield. My point here is that if you really do “have” to buy before the year is out, the rate you get on your loan will have much more bearing then the price you pay for your home. That is because between now and the end of the year, I don’t think you will see a drastic differential in price in the areas you mentioned.
I guess also then alot of what I just said kind of depends on your ratio of financing to cash you are coming in with.
It goes without saying that you can get some decent size lots off of Via Rancho Pkwy. I have a client who has been looking around out near the San Pasqual Valley and such… There is a ton of stuff and some fairly nice places with nice amounts of land starting to get near the price range you have mentioned. There is ALSO a TON of more beater homes with big lots out there as well.
As far as Scripps/PQ/Poway/RB go, you can find places in the price range in these areas as well…Scripps will be tougher then the other 3 but there are some smaller places available. Poway and RB you have a pretty decent selection… PQ not so much…
SD Realtor
ParticipantYou pretty much had it right with respect to the time of year cycle… I actually believe the “best” time in an annual cycle may be the July-September timeframe. I feel that way because you have the spring washouts (that didn’t sell because they priced poorly or have cruddy homes), and you have all the other people who lagged on listing in the spring and now are rushing to list prior to the end of the summer, so you have not totally lost all the inventory yet. However you still have the desperation factor as well so you kind of get the best of both worlds. By the time winter comes you do have alot of more desperate sellers but definitely not as much inventory… Not sure if that matters alot though…
Now one thing you need to think about as well… because of your relatively quick timeframe, a huge consequence to you will be the 10 year treasury yield. My point here is that if you really do “have” to buy before the year is out, the rate you get on your loan will have much more bearing then the price you pay for your home. That is because between now and the end of the year, I don’t think you will see a drastic differential in price in the areas you mentioned.
I guess also then alot of what I just said kind of depends on your ratio of financing to cash you are coming in with.
It goes without saying that you can get some decent size lots off of Via Rancho Pkwy. I have a client who has been looking around out near the San Pasqual Valley and such… There is a ton of stuff and some fairly nice places with nice amounts of land starting to get near the price range you have mentioned. There is ALSO a TON of more beater homes with big lots out there as well.
As far as Scripps/PQ/Poway/RB go, you can find places in the price range in these areas as well…Scripps will be tougher then the other 3 but there are some smaller places available. Poway and RB you have a pretty decent selection… PQ not so much…
SD Realtor
ParticipantYou pretty much had it right with respect to the time of year cycle… I actually believe the “best” time in an annual cycle may be the July-September timeframe. I feel that way because you have the spring washouts (that didn’t sell because they priced poorly or have cruddy homes), and you have all the other people who lagged on listing in the spring and now are rushing to list prior to the end of the summer, so you have not totally lost all the inventory yet. However you still have the desperation factor as well so you kind of get the best of both worlds. By the time winter comes you do have alot of more desperate sellers but definitely not as much inventory… Not sure if that matters alot though…
Now one thing you need to think about as well… because of your relatively quick timeframe, a huge consequence to you will be the 10 year treasury yield. My point here is that if you really do “have” to buy before the year is out, the rate you get on your loan will have much more bearing then the price you pay for your home. That is because between now and the end of the year, I don’t think you will see a drastic differential in price in the areas you mentioned.
I guess also then alot of what I just said kind of depends on your ratio of financing to cash you are coming in with.
It goes without saying that you can get some decent size lots off of Via Rancho Pkwy. I have a client who has been looking around out near the San Pasqual Valley and such… There is a ton of stuff and some fairly nice places with nice amounts of land starting to get near the price range you have mentioned. There is ALSO a TON of more beater homes with big lots out there as well.
As far as Scripps/PQ/Poway/RB go, you can find places in the price range in these areas as well…Scripps will be tougher then the other 3 but there are some smaller places available. Poway and RB you have a pretty decent selection… PQ not so much…
SD Realtor
ParticipantYou pretty much had it right with respect to the time of year cycle… I actually believe the “best” time in an annual cycle may be the July-September timeframe. I feel that way because you have the spring washouts (that didn’t sell because they priced poorly or have cruddy homes), and you have all the other people who lagged on listing in the spring and now are rushing to list prior to the end of the summer, so you have not totally lost all the inventory yet. However you still have the desperation factor as well so you kind of get the best of both worlds. By the time winter comes you do have alot of more desperate sellers but definitely not as much inventory… Not sure if that matters alot though…
Now one thing you need to think about as well… because of your relatively quick timeframe, a huge consequence to you will be the 10 year treasury yield. My point here is that if you really do “have” to buy before the year is out, the rate you get on your loan will have much more bearing then the price you pay for your home. That is because between now and the end of the year, I don’t think you will see a drastic differential in price in the areas you mentioned.
I guess also then alot of what I just said kind of depends on your ratio of financing to cash you are coming in with.
It goes without saying that you can get some decent size lots off of Via Rancho Pkwy. I have a client who has been looking around out near the San Pasqual Valley and such… There is a ton of stuff and some fairly nice places with nice amounts of land starting to get near the price range you have mentioned. There is ALSO a TON of more beater homes with big lots out there as well.
As far as Scripps/PQ/Poway/RB go, you can find places in the price range in these areas as well…Scripps will be tougher then the other 3 but there are some smaller places available. Poway and RB you have a pretty decent selection… PQ not so much…
SD Realtor
ParticipantNavy off the top of my head I would say at least half of the distress sales in 92131 have been in Stonebridge. It has already taken a leg down of over 20% and more in some of the sales. The developers have been aggressive there as well though this spring there has been a bump in activity.
I would not worry about the reseller at this address, even if he gets his price, which I don’t see happening, there is not anything any of us can do about it.
Agreed with you it will be interesting to see what happens. Should leg down hard again within the next 2 years.
SD Realtor
ParticipantNavy off the top of my head I would say at least half of the distress sales in 92131 have been in Stonebridge. It has already taken a leg down of over 20% and more in some of the sales. The developers have been aggressive there as well though this spring there has been a bump in activity.
I would not worry about the reseller at this address, even if he gets his price, which I don’t see happening, there is not anything any of us can do about it.
Agreed with you it will be interesting to see what happens. Should leg down hard again within the next 2 years.
SD Realtor
ParticipantNavy off the top of my head I would say at least half of the distress sales in 92131 have been in Stonebridge. It has already taken a leg down of over 20% and more in some of the sales. The developers have been aggressive there as well though this spring there has been a bump in activity.
I would not worry about the reseller at this address, even if he gets his price, which I don’t see happening, there is not anything any of us can do about it.
Agreed with you it will be interesting to see what happens. Should leg down hard again within the next 2 years.
SD Realtor
ParticipantNavy off the top of my head I would say at least half of the distress sales in 92131 have been in Stonebridge. It has already taken a leg down of over 20% and more in some of the sales. The developers have been aggressive there as well though this spring there has been a bump in activity.
I would not worry about the reseller at this address, even if he gets his price, which I don’t see happening, there is not anything any of us can do about it.
Agreed with you it will be interesting to see what happens. Should leg down hard again within the next 2 years.
SD Realtor
ParticipantNavy off the top of my head I would say at least half of the distress sales in 92131 have been in Stonebridge. It has already taken a leg down of over 20% and more in some of the sales. The developers have been aggressive there as well though this spring there has been a bump in activity.
I would not worry about the reseller at this address, even if he gets his price, which I don’t see happening, there is not anything any of us can do about it.
Agreed with you it will be interesting to see what happens. Should leg down hard again within the next 2 years.
SD Realtor
ParticipantIf there is a submarket that is really taking it on the chin in Scripps it is absolutely Stonebridge. No way this home goes for what they are asking but ya know… stranger things have happened. I have whined enough about the flipper who successfully flipped the home around the corner from me on Riesling.. Bought it for like 612k and sold it for 785k… Closed escrow a few weeks ago… the buyer was represented by Prudential and paid all cash.. I wonder if that buyers agent pointed out that less then a year ago that home was sold for 612k… anyways I am bitter and that is not good…
Getting back to this home it has been listed many a time so the seller figures maybe he will find a sucker… it wouldn’t be the first right?
Also Scripps seems pretty active still… At least the active pending ratio is back below 2:1… At the moment it is 95 actives and 43 pendings… that is pretty robust to my chagrin….
SD Realtor
ParticipantIf there is a submarket that is really taking it on the chin in Scripps it is absolutely Stonebridge. No way this home goes for what they are asking but ya know… stranger things have happened. I have whined enough about the flipper who successfully flipped the home around the corner from me on Riesling.. Bought it for like 612k and sold it for 785k… Closed escrow a few weeks ago… the buyer was represented by Prudential and paid all cash.. I wonder if that buyers agent pointed out that less then a year ago that home was sold for 612k… anyways I am bitter and that is not good…
Getting back to this home it has been listed many a time so the seller figures maybe he will find a sucker… it wouldn’t be the first right?
Also Scripps seems pretty active still… At least the active pending ratio is back below 2:1… At the moment it is 95 actives and 43 pendings… that is pretty robust to my chagrin….
SD Realtor
ParticipantIf there is a submarket that is really taking it on the chin in Scripps it is absolutely Stonebridge. No way this home goes for what they are asking but ya know… stranger things have happened. I have whined enough about the flipper who successfully flipped the home around the corner from me on Riesling.. Bought it for like 612k and sold it for 785k… Closed escrow a few weeks ago… the buyer was represented by Prudential and paid all cash.. I wonder if that buyers agent pointed out that less then a year ago that home was sold for 612k… anyways I am bitter and that is not good…
Getting back to this home it has been listed many a time so the seller figures maybe he will find a sucker… it wouldn’t be the first right?
Also Scripps seems pretty active still… At least the active pending ratio is back below 2:1… At the moment it is 95 actives and 43 pendings… that is pretty robust to my chagrin….
SD Realtor
ParticipantIf there is a submarket that is really taking it on the chin in Scripps it is absolutely Stonebridge. No way this home goes for what they are asking but ya know… stranger things have happened. I have whined enough about the flipper who successfully flipped the home around the corner from me on Riesling.. Bought it for like 612k and sold it for 785k… Closed escrow a few weeks ago… the buyer was represented by Prudential and paid all cash.. I wonder if that buyers agent pointed out that less then a year ago that home was sold for 612k… anyways I am bitter and that is not good…
Getting back to this home it has been listed many a time so the seller figures maybe he will find a sucker… it wouldn’t be the first right?
Also Scripps seems pretty active still… At least the active pending ratio is back below 2:1… At the moment it is 95 actives and 43 pendings… that is pretty robust to my chagrin….
SD Realtor
ParticipantIf there is a submarket that is really taking it on the chin in Scripps it is absolutely Stonebridge. No way this home goes for what they are asking but ya know… stranger things have happened. I have whined enough about the flipper who successfully flipped the home around the corner from me on Riesling.. Bought it for like 612k and sold it for 785k… Closed escrow a few weeks ago… the buyer was represented by Prudential and paid all cash.. I wonder if that buyers agent pointed out that less then a year ago that home was sold for 612k… anyways I am bitter and that is not good…
Getting back to this home it has been listed many a time so the seller figures maybe he will find a sucker… it wouldn’t be the first right?
Also Scripps seems pretty active still… At least the active pending ratio is back below 2:1… At the moment it is 95 actives and 43 pendings… that is pretty robust to my chagrin….
SD Realtor
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