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May 4, 2008 at 9:48 PM in reply to: nice price drop down in Silhouette @ 4S ranch (~$10K/month since Dec. 2007) #199052May 4, 2008 at 9:48 PM in reply to: nice price drop down in Silhouette @ 4S ranch (~$10K/month since Dec. 2007) #199093
SD Realtor
Participant“Our Piggington’s realtors and other 4S potential buyers, do you think this is a good price now given that the Phase 1 sales release had prices in the mid 800s? Or do people really think the price will go down further this year?”
4Spotentialbuyer I am sure that if you wait long enough, yes prices will continue to fall. Not to anybodys surprise variability in pricing will be determined by demand or lack thereof which will be influenced by the recession, interest rates, unemployment, etc. It really is a matter of whether the pricing stimulates demand in the timeframe that builders need the sales.
I wish I could give you something definitive but I can’t. One thing that ALWAYS holds true though… Builders will always be more aggressive then resellers so that bodes well for you for the future phases… If you can hold out then hold out.
SD Realtor
May 4, 2008 at 9:48 PM in reply to: nice price drop down in Silhouette @ 4S ranch (~$10K/month since Dec. 2007) #199120Participant“Our Piggington’s realtors and other 4S potential buyers, do you think this is a good price now given that the Phase 1 sales release had prices in the mid 800s? Or do people really think the price will go down further this year?”
4Spotentialbuyer I am sure that if you wait long enough, yes prices will continue to fall. Not to anybodys surprise variability in pricing will be determined by demand or lack thereof which will be influenced by the recession, interest rates, unemployment, etc. It really is a matter of whether the pricing stimulates demand in the timeframe that builders need the sales.
I wish I could give you something definitive but I can’t. One thing that ALWAYS holds true though… Builders will always be more aggressive then resellers so that bodes well for you for the future phases… If you can hold out then hold out.
SD Realtor
May 4, 2008 at 9:48 PM in reply to: nice price drop down in Silhouette @ 4S ranch (~$10K/month since Dec. 2007) #199146Participant“Our Piggington’s realtors and other 4S potential buyers, do you think this is a good price now given that the Phase 1 sales release had prices in the mid 800s? Or do people really think the price will go down further this year?”
4Spotentialbuyer I am sure that if you wait long enough, yes prices will continue to fall. Not to anybodys surprise variability in pricing will be determined by demand or lack thereof which will be influenced by the recession, interest rates, unemployment, etc. It really is a matter of whether the pricing stimulates demand in the timeframe that builders need the sales.
I wish I could give you something definitive but I can’t. One thing that ALWAYS holds true though… Builders will always be more aggressive then resellers so that bodes well for you for the future phases… If you can hold out then hold out.
SD Realtor
May 4, 2008 at 9:48 PM in reply to: nice price drop down in Silhouette @ 4S ranch (~$10K/month since Dec. 2007) #199177Participant“Our Piggington’s realtors and other 4S potential buyers, do you think this is a good price now given that the Phase 1 sales release had prices in the mid 800s? Or do people really think the price will go down further this year?”
4Spotentialbuyer I am sure that if you wait long enough, yes prices will continue to fall. Not to anybodys surprise variability in pricing will be determined by demand or lack thereof which will be influenced by the recession, interest rates, unemployment, etc. It really is a matter of whether the pricing stimulates demand in the timeframe that builders need the sales.
I wish I could give you something definitive but I can’t. One thing that ALWAYS holds true though… Builders will always be more aggressive then resellers so that bodes well for you for the future phases… If you can hold out then hold out.
SD Realtor
ParticipantJC it really depends on the type of housing and the area you are looking in.
Right now Scripps is PSYCHOTIC. The active/pending ratio is now better then 2 to 1. As a wannabe buyer I have thrown in the towel for awhile as the market is just to hot. 94 actives and 48 pendings. Conversely I went to a listing appointment for a condo on 3rd Street at Moonlight Beach. I did a search on the two mapcodes in that area and the active pending ratio was 18 to 1. May answer to you JC is that in general the activity is still there. I am hoping to see it taper off as the summer wears down. Agreed with pony… (as sdr says) lots of good deals but not alot of great properties.
Anyways the beat goes on…
As usual this is not an endorsement that you should go out and buy a home now if financial considerations are the driving force for making a purchase….
SD Realtor
ParticipantJC it really depends on the type of housing and the area you are looking in.
Right now Scripps is PSYCHOTIC. The active/pending ratio is now better then 2 to 1. As a wannabe buyer I have thrown in the towel for awhile as the market is just to hot. 94 actives and 48 pendings. Conversely I went to a listing appointment for a condo on 3rd Street at Moonlight Beach. I did a search on the two mapcodes in that area and the active pending ratio was 18 to 1. May answer to you JC is that in general the activity is still there. I am hoping to see it taper off as the summer wears down. Agreed with pony… (as sdr says) lots of good deals but not alot of great properties.
Anyways the beat goes on…
As usual this is not an endorsement that you should go out and buy a home now if financial considerations are the driving force for making a purchase….
SD Realtor
ParticipantJC it really depends on the type of housing and the area you are looking in.
Right now Scripps is PSYCHOTIC. The active/pending ratio is now better then 2 to 1. As a wannabe buyer I have thrown in the towel for awhile as the market is just to hot. 94 actives and 48 pendings. Conversely I went to a listing appointment for a condo on 3rd Street at Moonlight Beach. I did a search on the two mapcodes in that area and the active pending ratio was 18 to 1. May answer to you JC is that in general the activity is still there. I am hoping to see it taper off as the summer wears down. Agreed with pony… (as sdr says) lots of good deals but not alot of great properties.
Anyways the beat goes on…
As usual this is not an endorsement that you should go out and buy a home now if financial considerations are the driving force for making a purchase….
SD Realtor
ParticipantJC it really depends on the type of housing and the area you are looking in.
Right now Scripps is PSYCHOTIC. The active/pending ratio is now better then 2 to 1. As a wannabe buyer I have thrown in the towel for awhile as the market is just to hot. 94 actives and 48 pendings. Conversely I went to a listing appointment for a condo on 3rd Street at Moonlight Beach. I did a search on the two mapcodes in that area and the active pending ratio was 18 to 1. May answer to you JC is that in general the activity is still there. I am hoping to see it taper off as the summer wears down. Agreed with pony… (as sdr says) lots of good deals but not alot of great properties.
Anyways the beat goes on…
As usual this is not an endorsement that you should go out and buy a home now if financial considerations are the driving force for making a purchase….
SD Realtor
ParticipantJC it really depends on the type of housing and the area you are looking in.
Right now Scripps is PSYCHOTIC. The active/pending ratio is now better then 2 to 1. As a wannabe buyer I have thrown in the towel for awhile as the market is just to hot. 94 actives and 48 pendings. Conversely I went to a listing appointment for a condo on 3rd Street at Moonlight Beach. I did a search on the two mapcodes in that area and the active pending ratio was 18 to 1. May answer to you JC is that in general the activity is still there. I am hoping to see it taper off as the summer wears down. Agreed with pony… (as sdr says) lots of good deals but not alot of great properties.
Anyways the beat goes on…
As usual this is not an endorsement that you should go out and buy a home now if financial considerations are the driving force for making a purchase….
SD Realtor
ParticipantHi exsdgal –
So I cannot confirm if a 500k home will satisfy the criteria you put forward because it will depend on your downpayment but lets assume that the 500k is an accurate number. As you know from PQ there have been some REO props of the 4/2.5 variety that have popped up but the ones that have been priced aggressively have been more or less pounced on immediately. You will definitely find more inventory in Poway that will fit the bill but it will be farther to the east. Consequently it will also be older stock. The variability of Poway neighborhoods also increases as you get further to the east. Agreed with Manmom about Sabre Springs. Like much of PQ the bulk of the 4/2.5 stuff is still floating about 5-10% out of reach of the numbers you are hoping to hit, and the 15 year mortgage makes it a bit tougher to measure up to the market rental rates especially after you throw in property taxes. If you can sit tight for another year you will find a better selection. Given 2 years, you “should” find alot of stuff that will fit the bill. In the immediate future though it will be challenging, maybe in the late summer you will see some REO’s come up that get close to what you want.
SD Realtor
ParticipantHi exsdgal –
So I cannot confirm if a 500k home will satisfy the criteria you put forward because it will depend on your downpayment but lets assume that the 500k is an accurate number. As you know from PQ there have been some REO props of the 4/2.5 variety that have popped up but the ones that have been priced aggressively have been more or less pounced on immediately. You will definitely find more inventory in Poway that will fit the bill but it will be farther to the east. Consequently it will also be older stock. The variability of Poway neighborhoods also increases as you get further to the east. Agreed with Manmom about Sabre Springs. Like much of PQ the bulk of the 4/2.5 stuff is still floating about 5-10% out of reach of the numbers you are hoping to hit, and the 15 year mortgage makes it a bit tougher to measure up to the market rental rates especially after you throw in property taxes. If you can sit tight for another year you will find a better selection. Given 2 years, you “should” find alot of stuff that will fit the bill. In the immediate future though it will be challenging, maybe in the late summer you will see some REO’s come up that get close to what you want.
SD Realtor
ParticipantHi exsdgal –
So I cannot confirm if a 500k home will satisfy the criteria you put forward because it will depend on your downpayment but lets assume that the 500k is an accurate number. As you know from PQ there have been some REO props of the 4/2.5 variety that have popped up but the ones that have been priced aggressively have been more or less pounced on immediately. You will definitely find more inventory in Poway that will fit the bill but it will be farther to the east. Consequently it will also be older stock. The variability of Poway neighborhoods also increases as you get further to the east. Agreed with Manmom about Sabre Springs. Like much of PQ the bulk of the 4/2.5 stuff is still floating about 5-10% out of reach of the numbers you are hoping to hit, and the 15 year mortgage makes it a bit tougher to measure up to the market rental rates especially after you throw in property taxes. If you can sit tight for another year you will find a better selection. Given 2 years, you “should” find alot of stuff that will fit the bill. In the immediate future though it will be challenging, maybe in the late summer you will see some REO’s come up that get close to what you want.
SD Realtor
ParticipantHi exsdgal –
So I cannot confirm if a 500k home will satisfy the criteria you put forward because it will depend on your downpayment but lets assume that the 500k is an accurate number. As you know from PQ there have been some REO props of the 4/2.5 variety that have popped up but the ones that have been priced aggressively have been more or less pounced on immediately. You will definitely find more inventory in Poway that will fit the bill but it will be farther to the east. Consequently it will also be older stock. The variability of Poway neighborhoods also increases as you get further to the east. Agreed with Manmom about Sabre Springs. Like much of PQ the bulk of the 4/2.5 stuff is still floating about 5-10% out of reach of the numbers you are hoping to hit, and the 15 year mortgage makes it a bit tougher to measure up to the market rental rates especially after you throw in property taxes. If you can sit tight for another year you will find a better selection. Given 2 years, you “should” find alot of stuff that will fit the bill. In the immediate future though it will be challenging, maybe in the late summer you will see some REO’s come up that get close to what you want.
SD Realtor
ParticipantHi exsdgal –
So I cannot confirm if a 500k home will satisfy the criteria you put forward because it will depend on your downpayment but lets assume that the 500k is an accurate number. As you know from PQ there have been some REO props of the 4/2.5 variety that have popped up but the ones that have been priced aggressively have been more or less pounced on immediately. You will definitely find more inventory in Poway that will fit the bill but it will be farther to the east. Consequently it will also be older stock. The variability of Poway neighborhoods also increases as you get further to the east. Agreed with Manmom about Sabre Springs. Like much of PQ the bulk of the 4/2.5 stuff is still floating about 5-10% out of reach of the numbers you are hoping to hit, and the 15 year mortgage makes it a bit tougher to measure up to the market rental rates especially after you throw in property taxes. If you can sit tight for another year you will find a better selection. Given 2 years, you “should” find alot of stuff that will fit the bill. In the immediate future though it will be challenging, maybe in the late summer you will see some REO’s come up that get close to what you want.
SD Realtor
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