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Thursday, November 18th, 2010 at 6:53 PM

The Other Sage Canyon

It doesn’t take much to slip out of favor with today’s buyers.  Thirty percent of the homes in this tract sold between $1,000,000, and $1,500,000 at the peak. 

Now they are two listings in the $800,000s.  

Be cautious when considering tracts that are more than 5-10 years old. A street with no parking, skinny lots, and dated improvements are all that’s needed to run into trouble. Then add to the equation that 55% of the current owners here paid less than $700,000:

The price on this house was reduced to $875,000 as video was uploading!

Posted on Thursday, November 18th, 2010 at 6:53 PM in Jim TV, Market Conditions | 5 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: 5 Responses

  1. One of the things I’ve always wanted is to see the listing history of houses in addition to the price history. Now a lot of that is available on Zillow.

    This house originally sold for $756K in 2000. Then it was listed for $1.3M in 2007/2008, and now listed again in 2010 for $950K->$875K.

    http://www.zillow.com/homedetails/3775-Sage-Canyon-Dr-Encinitas-CA-92024/16726195_zpid/

    We’re not quite to 2000 pricing but we’re getting there…

    greenlander | November 19th, 2010 at 12:59 am

  2. That looks like a good deal to me. Most of the sage canyon is going to get major road noise.

    pemeliza | November 19th, 2010 at 3:12 am

  3. greenlander…figure 3% annual appreciation from 2000…what does that get you? 2000 prices in 2011 is extremely optimistic, what with all the government efforts to inflate, etc.

    Jeeman | November 19th, 2010 at 3:48 am

  4. greenlander-IMHO, Redfin’s data is much better than Zillow’s. For example, Zillow has the older list price and misses the fact that the house was foreclosed in Sept.

    http://www.redfin.com/CA/Encinitas/3775-Sage-Canyon-Dr-92024/home/4156621

    Geotpf | November 19th, 2010 at 7:48 am

  5. I think a similar thing will happen at the Copperwood development at La Costa Oaks

    Punky | November 19th, 2010 at 9:38 am

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