.
San Ysidro is located about 15 minutes south of Downtown San Diego and the last neighborhood before the US/Mexico border station. Washington Mutual (WaMu) seems to be the major mortgage bank serving this region.
As ugly as the market looks from these big losses, a lot of these are closed sales that were priced in 2007 or REOs where the borrower fell behind 4-10 months ago. In other words, they reflect 2007’s economic problems, before the economy was in a recession. As 2008 wears on, these numbers will get much worse.
Don’t miss the sneak preview at the end of this post of my forthcoming look at the market in San Marcos, a middle-class suburb and college town in northern San Diego county.
2 bed/2 bath Condo at Villa Serena
Sold 6/06 293K
Bank owned foreclosure for sale now at @110K
-$183,000 (-62%) drop
3 bed/2 bath condo on San Ysidro Blvd
Sold 1/06 360K
For sale @ 154.9K
-$205,100 (-57%) drop
15xx Smyth Ave 3 bed 2.5 bath
Sold 6/05 $385K
For sale @ $199
-$186,000 (-48%) drop
Sunset Village #6X (1 bed unit includes new granite/maple/chrome kitchen, patio, and fireplace)
Sold 9/04 235K
For sale @ 75K
-$160,000 (-68%) drop
1545 Terrace Pine Lane #X (3 bed/1.5 bath)
Sold 6/05 320K
For sale now at @135K
-$185,000 (-58%) drop
1816 Isla Del Campanero (4 bed/2 bath 1978 build SFH)
Sold 5/06 560K
Bank owned foreclosure for sale now at @299K
-$261,000 (-47%) drop
2 bed/2 bath Condo at Villa Serena
Sold 4/05 285K
Sold 4/08 125K
-$165,000 (-56%) drop
2746 Terrace Pine Dr #X (2 bed/1 bath townhouse w/granite kitchen and hardwood floors)
Sold 6/05 313K
Bank owned foreclosure for sale now at @139K
-$174,000 (-62%) drop
2 bed/2 bath Condo at Villa Serena
Sold 6/06 293K
Bank owned foreclosure for sale now at @110K
-$183,000 (-56%) drop
3095 Iris Ave #E (3 bed/2.5 bath condo)
Sold 10/05 360K
Sold 1/08 159.9K
-$200,100 (-56%) drop
- San Marcos Sneak Preview –
5XX Debra Place, 2 bed / 1.5 bath / built 1975
Sold 10/06 290K
Bank owned foreclosure for sale now at @132K
-$158,000 (-54%) drop
3 responses so far ↓
sdhouserebate // April 30, 2008 at 9:39 am |
Very true….prices are dropping on foreclosed properties all over California.
David // May 2, 2008 at 12:03 pm |
somewhat OT. My wife loves San Diego and eventually wants to relocate to that area. We now live in PA well outside of filthy Philly. I am not sold on SD or California for that matter, but due to her health problems I may have to just bite the bullet. It looks to me as if prices might become realistic by 2009. If anyone would be so kind as to let me know what and where the nicer areas of SD are I would be very grateful. Thanks in advance.
Chuck Ponzi // May 6, 2008 at 10:25 am |
David,
There are no good areas in SD. The whole area is trash. We have riots every other day, drive-by shootings in-between, and tweakers on every corner.
Please, stay in Philly.