[sdrealtor]

Just a thought…..

Most of the distress in the North County Coastal markets seem to be in the newer tracts that were built 2003 to 2007 like San Elijo Hills (if you can call it coastal), Bressi Ranch, La Costa Greens, La Costa Oaks and Encinitas Ranch to some extent. It looks like everyone will soon be able to buy those McMansions with sky high Mello Roos and HOA fees on postage stamp sized lots that they so covet around here. (Tongue firmly in cheek).

[sdrealtor]

Thanks for the reality check NSR. His comment was for the US not So cal. Other parts of the country have affordability while we do not. While volume seems to be bottoming out on a Y-O-Y basis to some extent, I dont think anyone around hear is calling for a bottom in prices with a straight face.

Furthermore, if you look at the bottom in 1991 in housing starts, resale prices didnt bottom here until around 1995. Thus the chart may actually support the price bottom between 2010 to 2012 that so many of us have been calling for the last 2 years.

[sdrealtor]

Thanks for the reality check NSR. His comment was for the US not So cal. Other parts of the country have affordability while we do not. While volume seems to be bottoming out on a Y-O-Y basis to some extent, I dont think anyone around hear is calling for a bottom in prices with a straight face.

Furthermore, if you look at the bottom in 1991 in housing starts, resale prices didnt bottom here until around 1995. Thus the chart may actually support the price bottom between 2010 to 2012 that so many of us have been calling for the last 2 years.

[sdrealtor]

Thanks for the reality check NSR. His comment was for the US not So cal. Other parts of the country have affordability while we do not. While volume seems to be bottoming out on a Y-O-Y basis to some extent, I dont think anyone around hear is calling for a bottom in prices with a straight face.

Furthermore, if you look at the bottom in 1991 in housing starts, resale prices didnt bottom here until around 1995. Thus the chart may actually support the price bottom between 2010 to 2012 that so many of us have been calling for the last 2 years.

[sdrealtor]

Thanks for the reality check NSR. His comment was for the US not So cal. Other parts of the country have affordability while we do not. While volume seems to be bottoming out on a Y-O-Y basis to some extent, I dont think anyone around hear is calling for a bottom in prices with a straight face.

Furthermore, if you look at the bottom in 1991 in housing starts, resale prices didnt bottom here until around 1995. Thus the chart may actually support the price bottom between 2010 to 2012 that so many of us have been calling for the last 2 years.

[sdrealtor]

Thanks for the reality check NSR. His comment was for the US not So cal. Other parts of the country have affordability while we do not. While volume seems to be bottoming out on a Y-O-Y basis to some extent, I dont think anyone around hear is calling for a bottom in prices with a straight face.

Furthermore, if you look at the bottom in 1991 in housing starts, resale prices didnt bottom here until around 1995. Thus the chart may actually support the price bottom between 2010 to 2012 that so many of us have been calling for the last 2 years.

[sdrealtor]

I’ll bite as I know this tract as well or better than anyone I’ve ever met. In addition to mountain biking extensively on the land before it was built, I looked at every builders homes from day 1 and have all the original floorplans for all of them. I’ve followed the market there like a hawk for about 7 years.

4BR/2800 sq ft should be doable within the next 12 months at 750K and it might even be a decent lot/location. 12 months after that 700K should be doable. Prices may hit 650K at a bottom but that is iffy and probably for a house you wouldnt necessarily want to buy. Just my opinion which is worth as much as you just paid for it…

Anymore questions?

[sdrealtor]

I’ll bite as I know this tract as well or better than anyone I’ve ever met. In addition to mountain biking extensively on the land before it was built, I looked at every builders homes from day 1 and have all the original floorplans for all of them. I’ve followed the market there like a hawk for about 7 years.

4BR/2800 sq ft should be doable within the next 12 months at 750K and it might even be a decent lot/location. 12 months after that 700K should be doable. Prices may hit 650K at a bottom but that is iffy and probably for a house you wouldnt necessarily want to buy. Just my opinion which is worth as much as you just paid for it…

Anymore questions?

[sdrealtor]

I’ll bite as I know this tract as well or better than anyone I’ve ever met. In addition to mountain biking extensively on the land before it was built, I looked at every builders homes from day 1 and have all the original floorplans for all of them. I’ve followed the market there like a hawk for about 7 years.

4BR/2800 sq ft should be doable within the next 12 months at 750K and it might even be a decent lot/location. 12 months after that 700K should be doable. Prices may hit 650K at a bottom but that is iffy and probably for a house you wouldnt necessarily want to buy. Just my opinion which is worth as much as you just paid for it…

Anymore questions?

[sdrealtor]

I’ll bite as I know this tract as well or better than anyone I’ve ever met. In addition to mountain biking extensively on the land before it was built, I looked at every builders homes from day 1 and have all the original floorplans for all of them. I’ve followed the market there like a hawk for about 7 years.

4BR/2800 sq ft should be doable within the next 12 months at 750K and it might even be a decent lot/location. 12 months after that 700K should be doable. Prices may hit 650K at a bottom but that is iffy and probably for a house you wouldnt necessarily want to buy. Just my opinion which is worth as much as you just paid for it…

Anymore questions?

[sdrealtor]

I’ll bite as I know this tract as well or better than anyone I’ve ever met. In addition to mountain biking extensively on the land before it was built, I looked at every builders homes from day 1 and have all the original floorplans for all of them. I’ve followed the market there like a hawk for about 7 years.

4BR/2800 sq ft should be doable within the next 12 months at 750K and it might even be a decent lot/location. 12 months after that 700K should be doable. Prices may hit 650K at a bottom but that is iffy and probably for a house you wouldnt necessarily want to buy. Just my opinion which is worth as much as you just paid for it…

Anymore questions?

[sdrealtor]

The advice is both simple and obvious…..find yourself a new lender. How bout Sheldon? (aka HLS on this board)

[sdrealtor]

The advice is both simple and obvious…..find yourself a new lender. How bout Sheldon? (aka HLS on this board)

[sdrealtor]

The advice is both simple and obvious…..find yourself a new lender. How bout Sheldon? (aka HLS on this board)

[sdrealtor]

The advice is both simple and obvious…..find yourself a new lender. How bout Sheldon? (aka HLS on this board)

[Author]

Posts