« First « Previous Comments 72 - 72 of 72 Search these comments
Say more about the neighborhood, if you don’t mind. Why is there no demand? Is it the weather? The schools? When you say past Skyline, do you mean Daly City? That other streets border the area you are talking about?
There is no demand for any properties west of Skyline Blvd (aka, Highway 35). Reason being is that nobody really treats Highway 35 as a highway. It's just an annoyance and it's very inaccessible via highway. The properties closer towards the ocean wear and tear faster here (in Daly City). I guess it all sums down to weather.
« First « Previous Comments 72 - 72 of 72 Search these comments
Anyone notice a huge dip in prices? I know it's listing price only but there are comparables that support it. I'm in contract for a property that I thought had an awesome discount. Suddenly, it doesn't feel like that big of a discount anymore. I know everything is local. Just wanted to see if anyone else that is tracking home prices/looking around for a house noticing a steep decline in prices this past month. ~25% reduction in listing price, and about ~20% in sales price. I'm looking at foreclosures only though. Many of them come on the market requiring cash only because it's missing a water heater/furnace (looks like some foreclosure grief counselors may be teaching previous owners to do it to get even w/ the banks).
Prices are currently about 75k or so over 1998/1999 prices here. With a 4.xxx interest rate, I expect alot of people to jump in this spring to buy a home here.
#housing