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jakob
Posts:549
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denglish
Posts:27
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| 04/22/2008 12:39 PM |
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| I am shocked and stunned that someone paid $450,000 for a 889 sq.ft house anywhere, let alone in Encanto. At least the current price is a reasonable premium over similar sized condos in the area. |
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JAHJ
Posts:30
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| 04/22/2008 3:24 PM |
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| Shocking is that it happened TWICE: in '05 for $355k, and in '06 for $450. It does come with its own emm-jay though. |
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jpinpb
Posts:1688
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| 04/27/2008 8:29 AM |
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1920 Titus St
San Diego, CA 92110
Sold - 49% off peak !!!!! Bank owned
Beds/Baths: 2 / 1 plus an additional guest suite, Granny suite has 3/4 bath, kitchenette and separate entrance
Square Feet: 1,107 sf
PPSF: $668
Lot Size: 5,000 sf
Sales History
Date Price Held Return Annual
04/21/2008 $640,000 1y 7m -49% -33%
08/25/2006 $1,250,000 1y 8m 71% 38%
12/21/2004 $730,000 2y 2m 66% 25%
http://www.sdlookup.com/Property-59B27817-1920_Titus_St_San_Diego_CA_92110 |
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jpinpb
Posts:1688
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| 04/27/2008 9:24 AM |
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Sold 60% off peak !!
1341 Fern St
San Diego, CA 92102
Beds/Baths: 2 / 1
Square Feet: 650 sf
PPSF: $238
Lot Size: 2,500 sf
Sales History
Date Price Held Return Annual
04/25/2008 $157,500 2y 8m -60% -29%
08/26/2005 $390,000 n/a - -
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ElPato
Posts:378
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| 04/27/2008 12:27 PM |
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| Wow, jpinpb those are some huge losses in some nice areas. |
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tom92103
Posts:44
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| 04/27/2008 3:24 PM |
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This is a slow start to a much needed correction. Did anybody really think a tear-down house could be worth ten times the average salary in any area? That all anybody wants is a 2br/2ba condo at $600/square foot? How do you define "affluent" by income over $100k when that won't qualify for mortgage on a 1-br condo?
New York City is my favorite market to watch right now: foreign buyers + weak dollar = short-term stability. Watch it crash hard when it does, just like San Diego is now. |
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Omid
Posts:30
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| 04/28/2008 1:49 AM |
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| Wouldn't Treo make this list at this point? 2-2 condos selling for around 470K with peak prices at 670K - 750K in late 2005 and early 2006? (I think that comes out to about 38%) Heck, wouldn't most downtown condos make this list at this point? |
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Brian
Posts:2618
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| 04/28/2008 12:07 PM |
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Posted By Omid on 04/28/2008 1:49 AM
Heck, wouldn't most downtown condos make this list at this point?
Not quite yet since 50% off is what we're looking for.....
But the most salient would be fun to see -- like the condos owned by the "all-mighty", or the real-estate pundits who predicted that prices would increase.
Wouldn't it be fun to see Alan Nevin's house in foreclosure? What about the Bosa brokers' condos in foreclosure?
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tom92103
Posts:44
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| 04/28/2008 5:27 PM |
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Haha. We're not supposed to name names here, but having that industry whore get foreclosed on would be the ultimate in justice. He's so transparent.
50% of peak is the beginning of what I'd look for. 20-30% would be in line with wages. I told a realtor today as I walked by Atlas Hillcrest that I'd be happy to live there once the $900 1-br. apartments hit the market at that price. She was none too pleased. Their current banners are (paraphrased): "It's a buyer's market. Where will you live when it's over?" |
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PhillipTu
Posts:22
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| 05/01/2008 10:53 AM |
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| tom92103- are they implying the homeless shelter? |
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tdjalin
Posts:5
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| 05/03/2008 11:21 AM |
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| Most of these properties are in areas that I would not live in. Show me similar drops in desirable north county neighbohoods and you'll have my attention. I've been looking and you'll be lucky to find anything off 20% from 2005 peaks. When you do find one, it usually needs work, with minimum upgrades or below average lot/view. Nice homes still comand high prices in my experience. My search is limited to carmel valley, newer encinitas and Carlsbad, RB west of 15, newer PQ and Poway, and Fairbanks. |
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jpinpb
Posts:1688
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| 05/04/2008 8:17 AM |
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ElPato caught this condo in Clairemont 50% off:
was http://www.sdlookup.com/MLS-076054614-6602_Beadnell_3_San_Diego_CA_92117
now http://www.sdlookup.com/MLS-086031475-6602_Beadnell_Way_3_San_Diego_CA_92117
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spmiceli
Posts:4
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| 05/04/2008 9:59 PM |
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This might be a dumb question, but is there an easy way to find the records of homeowners who have recently defaulted on their taxes??
What about HOA liens being filed on properties?
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jpinpb
Posts:1688
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| 05/05/2008 8:49 AM |
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https://www.sdctreastax.com/ebpp3/(v3ukueiunae1wlvpoftwybn2)/Start.Aspx
Not sure about HOAs |
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Brian
Posts:2618
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| 05/05/2008 10:06 AM |
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HOA cannot file liens unless dues are over $1800 or more than 12 months in arrears.
A title report would show that.... but there's no easy way to find out on the Net.
If you're thinking of buying in a certain development, ask the Realtor to request it from HOA. You will have to pay a fee for that data.
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SDChad
Posts:6
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| 05/05/2008 10:15 AM |
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I'm with tdjalin. Wake me up when we aren't talking about crappy condos in crappy areas. Of all the examples in this thread so far, I don't think there has been a single place that I would even think of living in.
I think the nicer areas like PQ, RB, Scripps, etc. are just starting to see some drops, but there are still so many severely overpriced homes that it gets pretty depressing. However, I was driving past Santa Luz 2 weekends ago and my wife and I cracked up at the number of open house signs at the intersection of one of the main gates. It was amusing to see a high number of signs (10-12) at one intersection for a high-end gated community. Signs of distress are definitely later in arrival than they have been in lower priced areas. |
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ElPato
Posts:378
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| 05/09/2008 8:04 AM |
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http://www.sdlookup.com/Property-5DFFB628-1363_Hemlock_Ave_Imperial_Beach_CA_91932#21634
More than 50% off 2006 prices. This is a SFR in a decent part of IB, close to the water. But also close to the helicopter base. |
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Just Someone
Posts:159
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| 05/15/2008 5:15 PM |
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Only 12% from last listing price, but but as for $$ it's a million dollar club one.
it's 2.5 mil from the highest list, and 1.7 from the midpoint of the range, and 1 million from the low end of the range.
http://www.sdlookup.com/MLS-086023548-8554_El_Paseo_Grande_La_Jolla_CA_92037 |
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Brian
Posts:2618
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| 05/22/2008 12:03 AM |
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" Copper plumbing removed, appliances removed, cabinets removed. Wall heaters removed. Structure only."
If all homedebtors strip their houses before foreclosure, prices would tumble real fast. I wonder how much they got for the copper plumbing recycling.
533_42nd_St_San_Diego_CA_92102
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