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jakob
Posts:549
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| 03/27/2008 4:55 PM |
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Too bad we don't have this kind of price action in PB!!
3000 sf 4/3 house sold for $560,000 in 2005. Listed at $266,500. Down 52% I love it!!!!!!! This is becoming common-place in east county. Wow. Prices are dropping faster than almost anyone expected deep inland.
http://www.sdlookup.com/MLS-086013957-9719_St_George_St_Spring_Valley_CA_91977
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ElPato
Posts:378
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| 03/28/2008 3:03 PM |
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70% off 2006 price.
http://www.sdlookup.com/Property-C46FCBDE-7740_Hunthaven_Rd_San_Diego_CA_92114
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ElPato
Posts:378
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| 03/28/2008 3:04 PM |
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70% off 2006 price.
http://www.sdlookup.com/Property-C46FCBDE-7740_Hunthaven_Rd_San_Diego_CA_92114
This is a SFR. |
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jpinpb
Posts:1687
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| 04/02/2008 1:22 PM |
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This is not quite 50%, but getting there and considering it's Mission Hills, a more upscale neighborhood, not Temecula or such, I thought I'd post it. 39% haircut. Sold for 441k on 4-1-08. In 2007 sold for 720k. In 2006, 550k.
1504 Fort Stockton Dr
http://www.sdlookup.com/Property-896E3BB7-1504_Fort_Stockton_Dr_San_Diego_CA_92103#18264 |
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denglish
Posts:27
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| 04/04/2008 11:36 AM |
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This one is "only" down 45% from peak. More importantly, its down 35% since it sold new. In other words, the bank just basically told all the neighboors to f*** off. Everyone is the area is down about 300k now. How many are going to hold on?
http://www.sdlookup.com/Property-B832FE36-1008_Mountain_Ash_Ave_Chula_Vista_CA_91914 |
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Stev0
Posts:2
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| 04/04/2008 12:57 PM |
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Sale pending after 3 days as of today but a huge price drop - $390,000 to $154,900 - I looked at this place today and when it was for sale a few years ago. Obviously was way overpriced
http://www.sdlookup.com/MLS-086024191-1341_Fern_St_San_Diego_CA_92102
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jakob
Posts:549
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| 04/07/2008 1:39 PM |
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Here's a single family home with a 65% price drop in good old LH.
http://www.sdlookup.com/MLS-088025679-1144_S_37th_St_San_Diego_CA_92113
Sold for $350,000 in 2006. Listed at $123,900. And the price STILL looks high. |
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Brian
Posts:2614
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jpinpb
Posts:1687
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| 04/08/2008 4:32 PM |
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41% off. 14990 Avenida Venusto #39, Sold Price: $208,000, bought in 2004 for 355k.
http://www.sdlookup.com/Property-592D1C30-14990_Avenida_Venusto_39_San_Diego_CA_92128#18809 |
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jakob
Posts:549
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| 04/09/2008 4:15 PM |
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Sold for $307,000 in 2006, listed at $129,900. A drop of 58%. Looks somewhat livable.
MLS: 076095176 |
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ElPato
Posts:378
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| 04/10/2008 8:24 AM |
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70% off 2005 pricing.
http://www.sdlookup.com/Property-3C881B89-2012_E_Mission_Ave_23_Escondido_CA_92027 |
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jakob
Posts:549
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| 04/10/2008 9:50 AM |
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| Wow, essentially back to 1990 peak. I love it! This is what the biggest housing bears have been calling for, and what I didn't think we would ever see. |
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jpinpb
Posts:1687
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| 04/10/2008 12:05 PM |
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| To be fair, there are HOA solvency problems, I hear. Nevertheless, a drastic price decrease. Once the HOA issued is resolved, it will be an impressive comp. |
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ElPato
Posts:378
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| 04/14/2008 6:32 PM |
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http://www.sdlookup.com/Property-BBC6D19F-955_Postal_Way_25_Vista_CA_92083
Almost 40% off 2002 prices in nominal terms, but even more impressive, this price is BELOW 1995 prices when adjusted for inflation.
This kind of pricing indicates severe distress. Wow, this is amazing. |
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ElPato
Posts:378
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| 04/14/2008 6:40 PM |
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http://www.sdlookup.com/Property-9A402922-625_S_Fig_St_10_Escondido_CA_92025
72% off 2006 prices. Back to 1996 prices in inflation adjusted terms.
See, no bailout needed. When banks compete, we win :) Even if it is competing to dump all this REO!! |
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Brian
Posts:2614
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Shiloh
Posts:6
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| 04/15/2008 3:19 PM |
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| How much do you add for inflation adjusted....3.5 per year? |
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jt
Posts:26
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| 04/17/2008 11:54 PM |
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Here's a 54% price drop at 350 W. Ash...I'm almost thinking there's gotta be a mistake in the listing, dropping from $925K to 425K.
http://www.sdlookup.com/Property-A4374E7A-350_W_Ash_St_1005_San_Diego_CA_92101 |
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ElPato
Posts:378
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| 04/18/2008 6:25 AM |
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Shiloh:
I used 4% per year. It makes the math come out nice, so 10 years is about a 1.5x change in prices. |
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denglish
Posts:27
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| 04/22/2008 10:27 AM |
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http://www.sdlookup.com/Property-F47BED1F-1027_Mountain_Ash_Ave_Chula_Vista_CA_91914
Another big drop- 37%- from the developers 2005 price. |
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