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Old 05-14-2008, 05:34 PM
 
1,313 posts, read 2,385,736 times
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Looking to buy in that region IF the prices are right.....is the market saturated with inventory?
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Old 05-14-2008, 05:54 PM
 
365 posts, read 970,023 times
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Not as much as it used to be. Surrounding cities have been affected more than Carlsbad itself. Its such a beautiful area!! What is the "right" price for you? I ask because people having varying opinions of what the right price is.
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Old 05-14-2008, 06:03 PM
 
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Carlsbad has been affected less than most surrounding cities, the values have not dropped all that much in most areas from the peak. Hyper-inflated areas, such as ocean front, have dropped more than areas a mile or two inland, it seems. Much of the northern part of the city is older with some infill development -- very few foreclosures.
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Old 05-14-2008, 11:38 PM
 
Location: Escondido, CA
1,504 posts, read 3,716,393 times
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Carlsbad is way behind the curve on the housing market correction. I do not recommend buying in Carlsbad (or, in fact, almost anywhere between the 56 and the 78) till 2010 at the earliest.
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Old 05-15-2008, 10:37 AM
 
2,226 posts, read 5,804,727 times
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When North County builders are offering buy-1-get-1-free, the market ain't recovering anytime soon and it's not near the bottom yet.

HOUSING: Builder offers buy-one-get-one-free deal : North County Times - Californian (http://www.nctimes.com/articles/2008/05/10/business/z556dff8a442c129788257444006cd63c.txt - broken link)
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Old 05-15-2008, 07:53 PM
 
450 posts, read 1,301,565 times
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Quote:
Originally Posted by achtungpv View Post
When North County builders are offering buy-1-get-1-free, the market ain't recovering anytime soon and it's not near the bottom yet.

HOUSING: Builder offers buy-one-get-one-free deal : North County Times - Californian (http://www.nctimes.com/articles/2008/05/10/business/z556dff8a442c129788257444006cd63c.txt - broken link)
Although, the San Pasqual Valley and Escondido are a world away from Carlsbad in real estate terms. In other words -- a lot further from the ocean.

Across SoCal, the prices have not dropped as much on the coast as inland -- check out the Zillow maps. For a while, the price per square foot by the ocean was virtually identical to inland. Look at cities across the country -- that was unsustainable. The more desirable locations (water, proximity to downtown, etc.) tend to be as much as six or seven times higher per square foot (see Chicago). While you will never have that big of a difference in San Diego, the coastal areas, by nature, will be pricier. And with the inland areas being virtually identical at the peak of the market, it stands to reason they have further to fall.
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Old 05-15-2008, 08:23 PM
 
365 posts, read 970,023 times
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That's marketing at its prime. Instead of reducing prices, they'll throw in a cheaper home. I'm assuming the buyers will be required to finance through the builder, so they're still getting money. Carlsbad is different. Its sought after internationally and is more established, so it won't be affected as much. North County is correcting simultaneously. Coastal cities are affected less by housing cycles, yet Carlsbad is built out inland enough to be affected. Cool city!
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