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Wednesday, August 25th, 2010 at 1:08 PM

‘Deals’ in Carmel Valley

For those looking for ‘deals’ in the 92130, there are houses that have been purchased recently that have closed for less than $300/sf.  What do you get?

Posted on Wednesday, August 25th, 2010 at 1:08 PM in Jim TV | 12 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 12 Responses

  1. “What do you get?”

    To say you live in Crazy… er, Carmel Valley! :-)

    tj & the bear | August 25th, 2010 at 1:50 pm

  2. 300/ sq ft seems pricey.

    What did u guys think about the recent housing numbers?Is the world going to come to an end?

    jack | August 25th, 2010 at 2:02 pm

  3. That’s a threat in my book.

    jerkwad | August 25th, 2010 at 3:27 pm

  4. I’d consider that a threat, as well. But I don’t see a problem with threatening a law suit against someone who is threatening to break a contract.

    Mark | August 25th, 2010 at 3:50 pm

  5. Just glad I don’t need to live in CV

    JoJo | August 25th, 2010 at 6:18 pm

  6. I see CV as more of an “option” or covered call. Most will refinance out to 75-80% LTV, so they will have at risk cash of around 200-250k.

    Most people that live this type of lifestyle would be spending 3-4k a month rent. So they figure if it does not work out they enter into the “free rent” program or better yet the “free income and free rent program” for 2-3 years and recoup the down payment.

    Would be intersting for JTR to have a follow up, on how many buyers who paid all cash, dont cash back out with 4-5% money, even less after tax deductions.

    econman | August 25th, 2010 at 7:05 pm

  7. Jim,

    Tell Rich congrats on the sale. Meanwhile… I did notice that the house he sold was on a corner, i.e., street on front and one side. Got me wondering about your take on the percentage price dings on various locations, including corners like that, “top of T’s”, etc.

    tj & the bear | August 25th, 2010 at 7:08 pm

  8. This following link may show the reason for the low price.

    http://www.meganslaw.ca.gov/search_main.aspx?searchtype=zipcode&lang=ENGLISH

    Two other houses which are closer were not able to sell in the pass year(?).

    gdd | August 25th, 2010 at 8:36 pm

  9. Thanks for your concern gdd, we were aware. I don’t think it was a factor in price, there was a fair amount of distance there, close to a mile.

    Jim the Realtor | August 25th, 2010 at 8:51 pm

  10. JTR – Dig the added symbolism of putting prices in the sky…”sky high prices”…perfect!!

    clearfund | August 26th, 2010 at 7:56 am

  11. I thought corner lots were considered premium lots, assuming neither street is a busy one. If the lot is big enough, you can add RV parking or a second garage (replacing a smaller one). The lots are usually bigger than your neighbors’ are. You have one fewer direct neighbor and one fewer diagonal neighbor. You also get more on-street parking.

    Geotpf | August 26th, 2010 at 6:47 pm

  12. I agree with gdd that the registered sex offender living on Fairwind Ct is a big problem and would negatively impact most buyers with kids. JTR- it’s much closer than a mile … maybe 10 houses or so away. I know many people who live on that street and they’re not happy about the situation. They’ve even had the news crews up there recently interviewing upset neighbors; they’re ticked off that he lives so close to the new Ocean Air park. Massive power lines which are maybe 150 yards to the west are also an issue. If you stand in front of this house you might hear the buzz.

    Hanley Tri | August 28th, 2010 at 10:11 pm

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