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SD Realtor
ParticipantHi nicole –
Same advice goes for everyone, you cannot worry about what other people can or cannot afford. The fundamental misconception (at least as I see it) is that many here project the attitudes that they have upon the population in general. How many times have we read where posters here question how can buyers be out there catching knives, or how can people afford these prices or these downpayments? The answer is that it really doesn’t matter does it? For people who have been waiting a few years to buy, these are probably the most trying of times. A few years ago it was EASY not to buy wasn’t it? Of course it was, the market was so whacko it was a no brainer. Now here we are a few years later and some basic rationality has indeed crept in. However in my mind pricing for a nice home in Carmel Valley or Scripps is still 800k. Are you kidding me? To me that still is not rational but yeah it is better then what it was. Those that crow it will drop bigtime in a short time in these types of neighborhoods, to me are those that are not even close to being a buyer. They are the people who view the market by reading blogs all the time and not actually going out and making offers on homes.
I agree the market will drop. I feel it will continue to be a slow down ride in the nice spots. I also still heartily agree with the best quote on this site so far by sdrealtor, “there may be alot of great deals but not alot of great homes”.
It is just gonna take patience.
SD Realtor
ParticipantHi nicole –
Same advice goes for everyone, you cannot worry about what other people can or cannot afford. The fundamental misconception (at least as I see it) is that many here project the attitudes that they have upon the population in general. How many times have we read where posters here question how can buyers be out there catching knives, or how can people afford these prices or these downpayments? The answer is that it really doesn’t matter does it? For people who have been waiting a few years to buy, these are probably the most trying of times. A few years ago it was EASY not to buy wasn’t it? Of course it was, the market was so whacko it was a no brainer. Now here we are a few years later and some basic rationality has indeed crept in. However in my mind pricing for a nice home in Carmel Valley or Scripps is still 800k. Are you kidding me? To me that still is not rational but yeah it is better then what it was. Those that crow it will drop bigtime in a short time in these types of neighborhoods, to me are those that are not even close to being a buyer. They are the people who view the market by reading blogs all the time and not actually going out and making offers on homes.
I agree the market will drop. I feel it will continue to be a slow down ride in the nice spots. I also still heartily agree with the best quote on this site so far by sdrealtor, “there may be alot of great deals but not alot of great homes”.
It is just gonna take patience.
SD Realtor
ParticipantThere is a previous thread in which we discussed this home in detail. Yes it was a great deal. The house was also a total remodel where all the work was done without permits. Not saying anything was wrong about that at all, just stating what may help to explain the lack of activity on the home.
SD Realtor
ParticipantThere is a previous thread in which we discussed this home in detail. Yes it was a great deal. The house was also a total remodel where all the work was done without permits. Not saying anything was wrong about that at all, just stating what may help to explain the lack of activity on the home.
SD Realtor
ParticipantThere is a previous thread in which we discussed this home in detail. Yes it was a great deal. The house was also a total remodel where all the work was done without permits. Not saying anything was wrong about that at all, just stating what may help to explain the lack of activity on the home.
SD Realtor
ParticipantThere is a previous thread in which we discussed this home in detail. Yes it was a great deal. The house was also a total remodel where all the work was done without permits. Not saying anything was wrong about that at all, just stating what may help to explain the lack of activity on the home.
SD Realtor
ParticipantThere is a previous thread in which we discussed this home in detail. Yes it was a great deal. The house was also a total remodel where all the work was done without permits. Not saying anything was wrong about that at all, just stating what may help to explain the lack of activity on the home.
SD Realtor
ParticipantNesposito it would not be accurate for me to answer you in such a detailed manner. The question you are asking is really particular. I mean you are picking a small submarket and asking okay out of this small submarket what is the very best area for me. I know Encinitas pretty well but I am by no means a market expert down to the granularity that you are requesting. For all I know there are 4 or 5 elementary schools in the area you are considering and I do not know the details of which is best. You kind of see what I am saying? This is really where I would recommend a neighborhood expert of some type. I do know that I like some of those homes up on/near Trailview that look over the canyon with the east view but those are few and far between. I kind of like that area as opposed ot Olivenhain but only because of personal taste, not because of anything tangible.
Sorry I can’t be more helpful, just trying to be honest.
SD Realtor
ParticipantNesposito it would not be accurate for me to answer you in such a detailed manner. The question you are asking is really particular. I mean you are picking a small submarket and asking okay out of this small submarket what is the very best area for me. I know Encinitas pretty well but I am by no means a market expert down to the granularity that you are requesting. For all I know there are 4 or 5 elementary schools in the area you are considering and I do not know the details of which is best. You kind of see what I am saying? This is really where I would recommend a neighborhood expert of some type. I do know that I like some of those homes up on/near Trailview that look over the canyon with the east view but those are few and far between. I kind of like that area as opposed ot Olivenhain but only because of personal taste, not because of anything tangible.
Sorry I can’t be more helpful, just trying to be honest.
SD Realtor
ParticipantNesposito it would not be accurate for me to answer you in such a detailed manner. The question you are asking is really particular. I mean you are picking a small submarket and asking okay out of this small submarket what is the very best area for me. I know Encinitas pretty well but I am by no means a market expert down to the granularity that you are requesting. For all I know there are 4 or 5 elementary schools in the area you are considering and I do not know the details of which is best. You kind of see what I am saying? This is really where I would recommend a neighborhood expert of some type. I do know that I like some of those homes up on/near Trailview that look over the canyon with the east view but those are few and far between. I kind of like that area as opposed ot Olivenhain but only because of personal taste, not because of anything tangible.
Sorry I can’t be more helpful, just trying to be honest.
SD Realtor
ParticipantNesposito it would not be accurate for me to answer you in such a detailed manner. The question you are asking is really particular. I mean you are picking a small submarket and asking okay out of this small submarket what is the very best area for me. I know Encinitas pretty well but I am by no means a market expert down to the granularity that you are requesting. For all I know there are 4 or 5 elementary schools in the area you are considering and I do not know the details of which is best. You kind of see what I am saying? This is really where I would recommend a neighborhood expert of some type. I do know that I like some of those homes up on/near Trailview that look over the canyon with the east view but those are few and far between. I kind of like that area as opposed ot Olivenhain but only because of personal taste, not because of anything tangible.
Sorry I can’t be more helpful, just trying to be honest.
SD Realtor
ParticipantNesposito it would not be accurate for me to answer you in such a detailed manner. The question you are asking is really particular. I mean you are picking a small submarket and asking okay out of this small submarket what is the very best area for me. I know Encinitas pretty well but I am by no means a market expert down to the granularity that you are requesting. For all I know there are 4 or 5 elementary schools in the area you are considering and I do not know the details of which is best. You kind of see what I am saying? This is really where I would recommend a neighborhood expert of some type. I do know that I like some of those homes up on/near Trailview that look over the canyon with the east view but those are few and far between. I kind of like that area as opposed ot Olivenhain but only because of personal taste, not because of anything tangible.
Sorry I can’t be more helpful, just trying to be honest.
SD Realtor
ParticipantIt all depends on where you are looking Bane. No I don’t think we have reached a bottom anywhere. I posted about the possibility of seeing a jump in activity in the spring and many people I know have experienced the same frustrations you have. It is tough on buyers who are being selective.
Just remember that secular markets do not go straight down. The have minor rallies within the greater secular direction. I would not characterize what we are seeing as a huge rally, just that pricing of certain properties in certain areas is getting slurped up by demand. Although people hate to acknowledge it on this site, there still is demand at certain price levels for certain homes in various zip codes. Is it indicative of a bottom? In my mind it is not but it may form at least a temporary base for a few months or longer until inventory overtakes that demand.
SD Realtor
ParticipantIt all depends on where you are looking Bane. No I don’t think we have reached a bottom anywhere. I posted about the possibility of seeing a jump in activity in the spring and many people I know have experienced the same frustrations you have. It is tough on buyers who are being selective.
Just remember that secular markets do not go straight down. The have minor rallies within the greater secular direction. I would not characterize what we are seeing as a huge rally, just that pricing of certain properties in certain areas is getting slurped up by demand. Although people hate to acknowledge it on this site, there still is demand at certain price levels for certain homes in various zip codes. Is it indicative of a bottom? In my mind it is not but it may form at least a temporary base for a few months or longer until inventory overtakes that demand.
SD Realtor
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