[sdrealtor]

socratt,
I think you’ll see another 15 -20% off the peak numbers at the beach. Are you willing to wait 2 to 3 years for it? There are plenty of folks who wont wait. More than enough IMO to suck up the limited supply that will hit the market.

[sdrealtor]

TG
Most areas have not hit 50% declines off peak but perhaps I didnt do a proper job explaining what I meant. What I meant was that at least half of the potential damage has already been done even in the sticky areas with the possible exception of the high and very high end homes (i.e.$1.5M plus). For example, my own home is about 25% off peak. If it fell another 25% of that peak number it would be too cheap and demand would far outstrip supply.

Here are some hypotentical numbers to show what I’m talking about. If it was $1M at peak its about $750K now. I dont think it is possible that it would hit $500K which would be below the pre-bubble price plus post builder necessary upgrades (i.e. applainces, paint, window treatments, landscap/hardscape). I also dont think all except the most ardent bubblesitters would think $500K was possible. If it was there would be hoards of buyers.

Carmel Valley and other North County Coastal areas will continue to creep down for the next few years. Chunks are very unlikely at this point unless we hit 20% unemplyment. Additionally, Carmel Valley buyers arent going to Oceanside even if housing is free in Oceanside.

[sdrealtor]

TG
Most areas have not hit 50% declines off peak but perhaps I didnt do a proper job explaining what I meant. What I meant was that at least half of the potential damage has already been done even in the sticky areas with the possible exception of the high and very high end homes (i.e.$1.5M plus). For example, my own home is about 25% off peak. If it fell another 25% of that peak number it would be too cheap and demand would far outstrip supply.

Here are some hypotentical numbers to show what I’m talking about. If it was $1M at peak its about $750K now. I dont think it is possible that it would hit $500K which would be below the pre-bubble price plus post builder necessary upgrades (i.e. applainces, paint, window treatments, landscap/hardscape). I also dont think all except the most ardent bubblesitters would think $500K was possible. If it was there would be hoards of buyers.

Carmel Valley and other North County Coastal areas will continue to creep down for the next few years. Chunks are very unlikely at this point unless we hit 20% unemplyment. Additionally, Carmel Valley buyers arent going to Oceanside even if housing is free in Oceanside.

[sdrealtor]

TG
Most areas have not hit 50% declines off peak but perhaps I didnt do a proper job explaining what I meant. What I meant was that at least half of the potential damage has already been done even in the sticky areas with the possible exception of the high and very high end homes (i.e.$1.5M plus). For example, my own home is about 25% off peak. If it fell another 25% of that peak number it would be too cheap and demand would far outstrip supply.

Here are some hypotentical numbers to show what I’m talking about. If it was $1M at peak its about $750K now. I dont think it is possible that it would hit $500K which would be below the pre-bubble price plus post builder necessary upgrades (i.e. applainces, paint, window treatments, landscap/hardscape). I also dont think all except the most ardent bubblesitters would think $500K was possible. If it was there would be hoards of buyers.

Carmel Valley and other North County Coastal areas will continue to creep down for the next few years. Chunks are very unlikely at this point unless we hit 20% unemplyment. Additionally, Carmel Valley buyers arent going to Oceanside even if housing is free in Oceanside.

[sdrealtor]

TG
Most areas have not hit 50% declines off peak but perhaps I didnt do a proper job explaining what I meant. What I meant was that at least half of the potential damage has already been done even in the sticky areas with the possible exception of the high and very high end homes (i.e.$1.5M plus). For example, my own home is about 25% off peak. If it fell another 25% of that peak number it would be too cheap and demand would far outstrip supply.

Here are some hypotentical numbers to show what I’m talking about. If it was $1M at peak its about $750K now. I dont think it is possible that it would hit $500K which would be below the pre-bubble price plus post builder necessary upgrades (i.e. applainces, paint, window treatments, landscap/hardscape). I also dont think all except the most ardent bubblesitters would think $500K was possible. If it was there would be hoards of buyers.

Carmel Valley and other North County Coastal areas will continue to creep down for the next few years. Chunks are very unlikely at this point unless we hit 20% unemplyment. Additionally, Carmel Valley buyers arent going to Oceanside even if housing is free in Oceanside.

[sdrealtor]

TG
Most areas have not hit 50% declines off peak but perhaps I didnt do a proper job explaining what I meant. What I meant was that at least half of the potential damage has already been done even in the sticky areas with the possible exception of the high and very high end homes (i.e.$1.5M plus). For example, my own home is about 25% off peak. If it fell another 25% of that peak number it would be too cheap and demand would far outstrip supply.

Here are some hypotentical numbers to show what I’m talking about. If it was $1M at peak its about $750K now. I dont think it is possible that it would hit $500K which would be below the pre-bubble price plus post builder necessary upgrades (i.e. applainces, paint, window treatments, landscap/hardscape). I also dont think all except the most ardent bubblesitters would think $500K was possible. If it was there would be hoards of buyers.

Carmel Valley and other North County Coastal areas will continue to creep down for the next few years. Chunks are very unlikely at this point unless we hit 20% unemplyment. Additionally, Carmel Valley buyers arent going to Oceanside even if housing is free in Oceanside.

[sdrealtor]

Reliable comps dont come easy. Finding closing prices is just the beginning. You need access to finding out and understanding concessions. You need to make adjustments for differences in the properties. You need to adjust for the sellers circumstances (i.e.motivation). Getting to the heart of things this is why I’ll have a career in RE for as long as I care to.

[sdrealtor]

Reliable comps dont come easy. Finding closing prices is just the beginning. You need access to finding out and understanding concessions. You need to make adjustments for differences in the properties. You need to adjust for the sellers circumstances (i.e.motivation). Getting to the heart of things this is why I’ll have a career in RE for as long as I care to.

[sdrealtor]

Reliable comps dont come easy. Finding closing prices is just the beginning. You need access to finding out and understanding concessions. You need to make adjustments for differences in the properties. You need to adjust for the sellers circumstances (i.e.motivation). Getting to the heart of things this is why I’ll have a career in RE for as long as I care to.

[sdrealtor]

Reliable comps dont come easy. Finding closing prices is just the beginning. You need access to finding out and understanding concessions. You need to make adjustments for differences in the properties. You need to adjust for the sellers circumstances (i.e.motivation). Getting to the heart of things this is why I’ll have a career in RE for as long as I care to.

[sdrealtor]

Reliable comps dont come easy. Finding closing prices is just the beginning. You need access to finding out and understanding concessions. You need to make adjustments for differences in the properties. You need to adjust for the sellers circumstances (i.e.motivation). Getting to the heart of things this is why I’ll have a career in RE for as long as I care to.

[sdrealtor]

Cmon SD R, it was easy pickings. You just had to get in and out in 6 months. As easy as it was we had 5 digit advantages coming and going because of our commissions. My only regret is I didnt do more. Count me as a non-boob.

[sdrealtor]

Cmon SD R, it was easy pickings. You just had to get in and out in 6 months. As easy as it was we had 5 digit advantages coming and going because of our commissions. My only regret is I didnt do more. Count me as a non-boob.

[sdrealtor]

Cmon SD R, it was easy pickings. You just had to get in and out in 6 months. As easy as it was we had 5 digit advantages coming and going because of our commissions. My only regret is I didnt do more. Count me as a non-boob.

[sdrealtor]

Cmon SD R, it was easy pickings. You just had to get in and out in 6 months. As easy as it was we had 5 digit advantages coming and going because of our commissions. My only regret is I didnt do more. Count me as a non-boob.

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