[Waiting to feel the magic]

Personally I think that the price needs to be under $500k. Here’s my reasoning:

A few minutes on Redfin shows three nearby sales between 1750 and 2250 sf in the last six months:

– 9712 Paseo Montril, $460k, $224/sf, 4/2.5, short sale, pool, bigger lot, looks nice inside

– 12716 Cijon, $465k, $225/sf, 4/2.5, lot was OK but nothing special, pretty plain inside, went pending in a few days and closed in a month

– 12707 Cijon, $500k, $266/sf, 3/2.5, clean inside with mostly white walls, lot had some views in the back, went pending in 7 days and closed in a month

The house in question is 4/2.5 on a corner lot, no views, no pool, nice but very fussy inside. I’m guessing 12707 Cijon got a premium for the view. It’s not a great view, but it’s something. The other two comps establish a $225/sf price point which would put this house at about $482k. It’s got nothing to move it up from that price like a big lot, a view, etc.

Very important: both of the equity sale comps went pending in a couple of days. Clearly buyers saw value.

For the house in question, the original price of $599k was crazy high (sorry if the owners are reading this). The $550k price ($257/sf) is still too high compared to the comps. Also add in that things have slowed down some, it’s competing with more and more inventory, and that the listing is stale.

And the market is clearly saying all of this based on the 109 days that it’s been on the market. Buyers are not seeing the value and taking a pass.

Those are my thoughts. Again, sorry if I offended anyone.

[Waiting to feel the magic]

Personally I think that the price needs to be under $500k. Here’s my reasoning:

A few minutes on Redfin shows three nearby sales between 1750 and 2250 sf in the last six months:

– 9712 Paseo Montril, $460k, $224/sf, 4/2.5, short sale, pool, bigger lot, looks nice inside

– 12716 Cijon, $465k, $225/sf, 4/2.5, lot was OK but nothing special, pretty plain inside, went pending in a few days and closed in a month

– 12707 Cijon, $500k, $266/sf, 3/2.5, clean inside with mostly white walls, lot had some views in the back, went pending in 7 days and closed in a month

The house in question is 4/2.5 on a corner lot, no views, no pool, nice but very fussy inside. I’m guessing 12707 Cijon got a premium for the view. It’s not a great view, but it’s something. The other two comps establish a $225/sf price point which would put this house at about $482k. It’s got nothing to move it up from that price like a big lot, a view, etc.

Very important: both of the equity sale comps went pending in a couple of days. Clearly buyers saw value.

For the house in question, the original price of $599k was crazy high (sorry if the owners are reading this). The $550k price ($257/sf) is still too high compared to the comps. Also add in that things have slowed down some, it’s competing with more and more inventory, and that the listing is stale.

And the market is clearly saying all of this based on the 109 days that it’s been on the market. Buyers are not seeing the value and taking a pass.

Those are my thoughts. Again, sorry if I offended anyone.

[Waiting to feel the magic]

Personally I think that the price needs to be under $500k. Here’s my reasoning:

A few minutes on Redfin shows three nearby sales between 1750 and 2250 sf in the last six months:

– 9712 Paseo Montril, $460k, $224/sf, 4/2.5, short sale, pool, bigger lot, looks nice inside

– 12716 Cijon, $465k, $225/sf, 4/2.5, lot was OK but nothing special, pretty plain inside, went pending in a few days and closed in a month

– 12707 Cijon, $500k, $266/sf, 3/2.5, clean inside with mostly white walls, lot had some views in the back, went pending in 7 days and closed in a month

The house in question is 4/2.5 on a corner lot, no views, no pool, nice but very fussy inside. I’m guessing 12707 Cijon got a premium for the view. It’s not a great view, but it’s something. The other two comps establish a $225/sf price point which would put this house at about $482k. It’s got nothing to move it up from that price like a big lot, a view, etc.

Very important: both of the equity sale comps went pending in a couple of days. Clearly buyers saw value.

For the house in question, the original price of $599k was crazy high (sorry if the owners are reading this). The $550k price ($257/sf) is still too high compared to the comps. Also add in that things have slowed down some, it’s competing with more and more inventory, and that the listing is stale.

And the market is clearly saying all of this based on the 109 days that it’s been on the market. Buyers are not seeing the value and taking a pass.

Those are my thoughts. Again, sorry if I offended anyone.

[Waiting to feel the magic]

Personally I think that the price needs to be under $500k. Here’s my reasoning:

A few minutes on Redfin shows three nearby sales between 1750 and 2250 sf in the last six months:

– 9712 Paseo Montril, $460k, $224/sf, 4/2.5, short sale, pool, bigger lot, looks nice inside

– 12716 Cijon, $465k, $225/sf, 4/2.5, lot was OK but nothing special, pretty plain inside, went pending in a few days and closed in a month

– 12707 Cijon, $500k, $266/sf, 3/2.5, clean inside with mostly white walls, lot had some views in the back, went pending in 7 days and closed in a month

The house in question is 4/2.5 on a corner lot, no views, no pool, nice but very fussy inside. I’m guessing 12707 Cijon got a premium for the view. It’s not a great view, but it’s something. The other two comps establish a $225/sf price point which would put this house at about $482k. It’s got nothing to move it up from that price like a big lot, a view, etc.

Very important: both of the equity sale comps went pending in a couple of days. Clearly buyers saw value.

For the house in question, the original price of $599k was crazy high (sorry if the owners are reading this). The $550k price ($257/sf) is still too high compared to the comps. Also add in that things have slowed down some, it’s competing with more and more inventory, and that the listing is stale.

And the market is clearly saying all of this based on the 109 days that it’s been on the market. Buyers are not seeing the value and taking a pass.

Those are my thoughts. Again, sorry if I offended anyone.

[Waiting to feel the magic]

Personally I think that the price needs to be under $500k. Here’s my reasoning:

A few minutes on Redfin shows three nearby sales between 1750 and 2250 sf in the last six months:

– 9712 Paseo Montril, $460k, $224/sf, 4/2.5, short sale, pool, bigger lot, looks nice inside

– 12716 Cijon, $465k, $225/sf, 4/2.5, lot was OK but nothing special, pretty plain inside, went pending in a few days and closed in a month

– 12707 Cijon, $500k, $266/sf, 3/2.5, clean inside with mostly white walls, lot had some views in the back, went pending in 7 days and closed in a month

The house in question is 4/2.5 on a corner lot, no views, no pool, nice but very fussy inside. I’m guessing 12707 Cijon got a premium for the view. It’s not a great view, but it’s something. The other two comps establish a $225/sf price point which would put this house at about $482k. It’s got nothing to move it up from that price like a big lot, a view, etc.

Very important: both of the equity sale comps went pending in a couple of days. Clearly buyers saw value.

For the house in question, the original price of $599k was crazy high (sorry if the owners are reading this). The $550k price ($257/sf) is still too high compared to the comps. Also add in that things have slowed down some, it’s competing with more and more inventory, and that the listing is stale.

And the market is clearly saying all of this based on the 109 days that it’s been on the market. Buyers are not seeing the value and taking a pass.

Those are my thoughts. Again, sorry if I offended anyone.

[Waiting to feel the magic]

I’m not super familiar with this industry. I did work for NASA for a few years in the 80’s. A couple of places to try:

– Morton Thiocol (of the Space Shuttle O-Ring fame). They are located outside of Salt Lake City, a few miles from the middle of no where.

– Boeing. In Seattle. They do both commerical and military aviation. In this particular company I’d say do your research. There are a lot of people there who wanted to design airplanes who are actually responsible for very minute, specialized, parts of the aircraft and never do anything else. The engineers are also union.

– Aerojet. In Sacramento, CA. They’re really a chemical company, but they designed the rocket fuels for many missiles.

– Lockheed. Don’t know where they’re located, particularly the division that does aircraft. I think they’re the lead company on the Joint Strike Fighter and Boeing is assisting. There was a great Nova (the PBS program) on the competition between Boeing and Lockheed for the design of the Joint Strike Fighter.

Defense jobs can be very cyclical depending on the contracts, gov’t spending, etc. OTHO, they probably won’t be outsourcing them to China anytime soon. In general, it’s really a bad time to be an engineer.

Hope that helps.

[Waiting to feel the magic]

I’m not super familiar with this industry. I did work for NASA for a few years in the 80’s. A couple of places to try:

– Morton Thiocol (of the Space Shuttle O-Ring fame). They are located outside of Salt Lake City, a few miles from the middle of no where.

– Boeing. In Seattle. They do both commerical and military aviation. In this particular company I’d say do your research. There are a lot of people there who wanted to design airplanes who are actually responsible for very minute, specialized, parts of the aircraft and never do anything else. The engineers are also union.

– Aerojet. In Sacramento, CA. They’re really a chemical company, but they designed the rocket fuels for many missiles.

– Lockheed. Don’t know where they’re located, particularly the division that does aircraft. I think they’re the lead company on the Joint Strike Fighter and Boeing is assisting. There was a great Nova (the PBS program) on the competition between Boeing and Lockheed for the design of the Joint Strike Fighter.

Defense jobs can be very cyclical depending on the contracts, gov’t spending, etc. OTHO, they probably won’t be outsourcing them to China anytime soon. In general, it’s really a bad time to be an engineer.

Hope that helps.

[Waiting to feel the magic]

I’m not super familiar with this industry. I did work for NASA for a few years in the 80’s. A couple of places to try:

– Morton Thiocol (of the Space Shuttle O-Ring fame). They are located outside of Salt Lake City, a few miles from the middle of no where.

– Boeing. In Seattle. They do both commerical and military aviation. In this particular company I’d say do your research. There are a lot of people there who wanted to design airplanes who are actually responsible for very minute, specialized, parts of the aircraft and never do anything else. The engineers are also union.

– Aerojet. In Sacramento, CA. They’re really a chemical company, but they designed the rocket fuels for many missiles.

– Lockheed. Don’t know where they’re located, particularly the division that does aircraft. I think they’re the lead company on the Joint Strike Fighter and Boeing is assisting. There was a great Nova (the PBS program) on the competition between Boeing and Lockheed for the design of the Joint Strike Fighter.

Defense jobs can be very cyclical depending on the contracts, gov’t spending, etc. OTHO, they probably won’t be outsourcing them to China anytime soon. In general, it’s really a bad time to be an engineer.

Hope that helps.

[Waiting to feel the magic]

I’m not super familiar with this industry. I did work for NASA for a few years in the 80’s. A couple of places to try:

– Morton Thiocol (of the Space Shuttle O-Ring fame). They are located outside of Salt Lake City, a few miles from the middle of no where.

– Boeing. In Seattle. They do both commerical and military aviation. In this particular company I’d say do your research. There are a lot of people there who wanted to design airplanes who are actually responsible for very minute, specialized, parts of the aircraft and never do anything else. The engineers are also union.

– Aerojet. In Sacramento, CA. They’re really a chemical company, but they designed the rocket fuels for many missiles.

– Lockheed. Don’t know where they’re located, particularly the division that does aircraft. I think they’re the lead company on the Joint Strike Fighter and Boeing is assisting. There was a great Nova (the PBS program) on the competition between Boeing and Lockheed for the design of the Joint Strike Fighter.

Defense jobs can be very cyclical depending on the contracts, gov’t spending, etc. OTHO, they probably won’t be outsourcing them to China anytime soon. In general, it’s really a bad time to be an engineer.

Hope that helps.

[Waiting to feel the magic]

I’m not super familiar with this industry. I did work for NASA for a few years in the 80’s. A couple of places to try:

– Morton Thiocol (of the Space Shuttle O-Ring fame). They are located outside of Salt Lake City, a few miles from the middle of no where.

– Boeing. In Seattle. They do both commerical and military aviation. In this particular company I’d say do your research. There are a lot of people there who wanted to design airplanes who are actually responsible for very minute, specialized, parts of the aircraft and never do anything else. The engineers are also union.

– Aerojet. In Sacramento, CA. They’re really a chemical company, but they designed the rocket fuels for many missiles.

– Lockheed. Don’t know where they’re located, particularly the division that does aircraft. I think they’re the lead company on the Joint Strike Fighter and Boeing is assisting. There was a great Nova (the PBS program) on the competition between Boeing and Lockheed for the design of the Joint Strike Fighter.

Defense jobs can be very cyclical depending on the contracts, gov’t spending, etc. OTHO, they probably won’t be outsourcing them to China anytime soon. In general, it’s really a bad time to be an engineer.

Hope that helps.

[Waiting to feel the magic]

In one case that I am very familiar with because I’ve been watching both the neighborhood and the specific house for months, the agent is local. The bank is in LA. In this case I spoken directly with the agent. He seems to know that the property is over priced, but there’s really nothing he can do. In the end it’s the bank’s decision where to price it.

[Waiting to feel the magic]

In one case that I am very familiar with because I’ve been watching both the neighborhood and the specific house for months, the agent is local. The bank is in LA. In this case I spoken directly with the agent. He seems to know that the property is over priced, but there’s really nothing he can do. In the end it’s the bank’s decision where to price it.

[Waiting to feel the magic]

In one case that I am very familiar with because I’ve been watching both the neighborhood and the specific house for months, the agent is local. The bank is in LA. In this case I spoken directly with the agent. He seems to know that the property is over priced, but there’s really nothing he can do. In the end it’s the bank’s decision where to price it.

[Waiting to feel the magic]

In one case that I am very familiar with because I’ve been watching both the neighborhood and the specific house for months, the agent is local. The bank is in LA. In this case I spoken directly with the agent. He seems to know that the property is over priced, but there’s really nothing he can do. In the end it’s the bank’s decision where to price it.

[Waiting to feel the magic]

In one case that I am very familiar with because I’ve been watching both the neighborhood and the specific house for months, the agent is local. The bank is in LA. In this case I spoken directly with the agent. He seems to know that the property is over priced, but there’s really nothing he can do. In the end it’s the bank’s decision where to price it.

[Author]

Posts