[sdrealtor]

JWM,
How many of those buyers want to buy in Jamul? That is just as relavant as your questions. The market this thread wondered about is not a 1st time buyer market nor are most buyers age 35 or younger. Where the money came from is also irrelevant. The only thing that matters is whether it is there in cash.

Stick to the the topic.

[sdrealtor]

Josh,
Your evidence was my point exactly. Sales are way down along the NCC. One significant factor is the credit market. As credit markets loosen up things will change. I dont believe that can be disputed.

What can be disputed is how much and when. Wasn’t that my question to begin with?

sdr

FWIW: I just checked the sale of homes I described above (at least 2400 sq ft, at least 4BR and built after 1990 in South Carlsbad but Enc/San Dieg school district). This may seem like a narrow definition but those3 who know the area understand what a sweet spot it is. I searched up to 900K to allow for the decline in prices of homes sold last year that would now sell at 850K or less this year. Prices are defintely down 5 to 10% but volume for the 1st qtr is 5 sales this year vs. 6 sales last year.

[sdrealtor]

Josh,
Your evidence was my point exactly. Sales are way down along the NCC. One significant factor is the credit market. As credit markets loosen up things will change. I dont believe that can be disputed.

What can be disputed is how much and when. Wasn’t that my question to begin with?

sdr

FWIW: I just checked the sale of homes I described above (at least 2400 sq ft, at least 4BR and built after 1990 in South Carlsbad but Enc/San Dieg school district). This may seem like a narrow definition but those3 who know the area understand what a sweet spot it is. I searched up to 900K to allow for the decline in prices of homes sold last year that would now sell at 850K or less this year. Prices are defintely down 5 to 10% but volume for the 1st qtr is 5 sales this year vs. 6 sales last year.

[sdrealtor]

Josh,
Your evidence was my point exactly. Sales are way down along the NCC. One significant factor is the credit market. As credit markets loosen up things will change. I dont believe that can be disputed.

What can be disputed is how much and when. Wasn’t that my question to begin with?

sdr

FWIW: I just checked the sale of homes I described above (at least 2400 sq ft, at least 4BR and built after 1990 in South Carlsbad but Enc/San Dieg school district). This may seem like a narrow definition but those3 who know the area understand what a sweet spot it is. I searched up to 900K to allow for the decline in prices of homes sold last year that would now sell at 850K or less this year. Prices are defintely down 5 to 10% but volume for the 1st qtr is 5 sales this year vs. 6 sales last year.

[sdrealtor]

Josh,
Your evidence was my point exactly. Sales are way down along the NCC. One significant factor is the credit market. As credit markets loosen up things will change. I dont believe that can be disputed.

What can be disputed is how much and when. Wasn’t that my question to begin with?

sdr

FWIW: I just checked the sale of homes I described above (at least 2400 sq ft, at least 4BR and built after 1990 in South Carlsbad but Enc/San Dieg school district). This may seem like a narrow definition but those3 who know the area understand what a sweet spot it is. I searched up to 900K to allow for the decline in prices of homes sold last year that would now sell at 850K or less this year. Prices are defintely down 5 to 10% but volume for the 1st qtr is 5 sales this year vs. 6 sales last year.

[sdrealtor]

Josh,
Your evidence was my point exactly. Sales are way down along the NCC. One significant factor is the credit market. As credit markets loosen up things will change. I dont believe that can be disputed.

What can be disputed is how much and when. Wasn’t that my question to begin with?

sdr

FWIW: I just checked the sale of homes I described above (at least 2400 sq ft, at least 4BR and built after 1990 in South Carlsbad but Enc/San Dieg school district). This may seem like a narrow definition but those3 who know the area understand what a sweet spot it is. I searched up to 900K to allow for the decline in prices of homes sold last year that would now sell at 850K or less this year. Prices are defintely down 5 to 10% but volume for the 1st qtr is 5 sales this year vs. 6 sales last year.

[sdrealtor]

WFB,
I know the market (800ish in the 92009/92024 market) very well. I would not expect 650 to 700 in the Fall. Late 2009 would be the earliest I’d expect to see those prices.I believe 650 would be at or near the bottom for those homes and that you would likely have to wait until late 2010 to get there. Just my opinion which is worth whatever you think it is.

sdr

[sdrealtor]

WFB,
I know the market (800ish in the 92009/92024 market) very well. I would not expect 650 to 700 in the Fall. Late 2009 would be the earliest I’d expect to see those prices.I believe 650 would be at or near the bottom for those homes and that you would likely have to wait until late 2010 to get there. Just my opinion which is worth whatever you think it is.

sdr

[sdrealtor]

WFB,
I know the market (800ish in the 92009/92024 market) very well. I would not expect 650 to 700 in the Fall. Late 2009 would be the earliest I’d expect to see those prices.I believe 650 would be at or near the bottom for those homes and that you would likely have to wait until late 2010 to get there. Just my opinion which is worth whatever you think it is.

sdr

[sdrealtor]

WFB,
I know the market (800ish in the 92009/92024 market) very well. I would not expect 650 to 700 in the Fall. Late 2009 would be the earliest I’d expect to see those prices.I believe 650 would be at or near the bottom for those homes and that you would likely have to wait until late 2010 to get there. Just my opinion which is worth whatever you think it is.

sdr

[sdrealtor]

WFB,
I know the market (800ish in the 92009/92024 market) very well. I would not expect 650 to 700 in the Fall. Late 2009 would be the earliest I’d expect to see those prices.I believe 650 would be at or near the bottom for those homes and that you would likely have to wait until late 2010 to get there. Just my opinion which is worth whatever you think it is.

sdr

[sdrealtor]

JOsh,
Dont make me threaten you with a trip to Jamul again;)

Those 8 houes are the only nice homes available in my area that would suit a professional family of 4 or more well under 850,000. Thats not a lot. Most of the 20K you reference are well below the conforming limits anyway with 20% down so they are not relevant to my question.

[sdrealtor]

JOsh,
Dont make me threaten you with a trip to Jamul again;)

Those 8 houes are the only nice homes available in my area that would suit a professional family of 4 or more well under 850,000. Thats not a lot. Most of the 20K you reference are well below the conforming limits anyway with 20% down so they are not relevant to my question.

[sdrealtor]

JOsh,
Dont make me threaten you with a trip to Jamul again;)

Those 8 houes are the only nice homes available in my area that would suit a professional family of 4 or more well under 850,000. Thats not a lot. Most of the 20K you reference are well below the conforming limits anyway with 20% down so they are not relevant to my question.

[sdrealtor]

JOsh,
Dont make me threaten you with a trip to Jamul again;)

Those 8 houes are the only nice homes available in my area that would suit a professional family of 4 or more well under 850,000. Thats not a lot. Most of the 20K you reference are well below the conforming limits anyway with 20% down so they are not relevant to my question.

[Author]

Posts