Thursday, September 28, 2017

Let's Look at Wrightwood 92397

Wrightwood CA 92397 is a useful canary in the coal mine for early real estate trends.  It's been a long time.  Let's see what's happening.

Inventory and price trends.

Total Homes for Sale:92
Median Home Values Estimate:$263,500

And the big one price per square foot.

$240/sf.

That's scary high for the age, quality and location.  Here's a typical listing.

1600 Barbara St, Wrightwood, CA 92397


2 beds 2 baths 972 sqft
$238,000
Zestimate®: $221,151

Lovely mountain cabin walking distance to town. Great room has laminate flooring, brick fireplace with inviting wood-burning insert. Roomy breakfast bar divides kitchen and living area. Largest bdrm has two closets and sliding glass doors to private rear deck. Indoor laundry room with extra storage and separate 1/2 bath. Rear yard is fenced with large detached storage shed that could make an ideal workshop. Covered front porch and paved parking area in front. This home would make a great weekender or starter home. Move-in ready at a very reasonable price of $238,000.
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Click on the address to go to the zillow listing.  Last sold







01/06/12
$125,000
Nice timing if it works.  

The new camera is nice.  Handheld. 

The pomegranates are going to be good this year. 

56 comments:

Lawyerliz said...

So they want twice as much for the house in 6 years. Only 2 bedrooms.
hunh. small. Not ugly but not attractive.
In short, anybody who buys this at that price is crazy.

Unknown said...

The math never seems to work on things labeled "starter homes". Who is making $80k/yr and looking for a 2b/2b as their first home?

Rob Dawg said...

This is in a small mountain village no less. This is how things looked just before the last crash.

Rob Dawg said...

Added some new pics to the post.

LBD said...

Kali is Krazy! It's all about the financing. 🎱

Rob Dawg said...

My PITI is less than my nearest neighbor's tax bill alone. Crazy is a two way street.

LBD said...

Simple math really but some just believe the wrong things with out thinking. RD you like me are Krazy like a fox.😏

LBD said...

So are Liz and others here. kudos to the winners.👌

Rob Dawg said...

Honest. I originally had Crazy like a fox in my comment but decided to not give away the punch line.

Lawyerliz said...

Blush.

Lawyerliz said...

Well, nobody has bought the house yet. Maybe they won't.

Unknown said...

I don't think we are in for The Crash 2.0. My reading of the tea leaves has us entering The Plateau. High prices and low volumes with long market times is the new normal.

Lawyerliz said...

We bought our house in the 10 minutes we could actually afford it. It was cmaratively cheap because the interior was so ugly. But that was ok with me, even Good, because I intended to rip the interior out and put what I liked there. I would feel guilty about ripping out new, pale pink or beige wall to wall carpet. No guilt with this house. If you house is dreadful, fix the front door and one room near the door, so people can see how it could be. Most peole have dreadful taste, but it is their taste, and I thing improving every thing is a waste of money.

LBD said...

I bought one new house and learned that buyers really didn't' care about all the work and several years to Finish it. Barely made any money on it the top of the market turn but more then made up for it with deal on a corporate buy out. It was ugly as well priced way under market. Big step up in to the upper class at the time. Wanted to do it one more time moving to Cherry Hills but my better half didn't want to move. Money or life style, we chose a good life.

Lawyerliz said...

Agreed. You have to have developers willing to build real, halfway decent starter homes, peopLe can get a foot on the lowest rung. Then, once they see they make money, they go crazy and we get a big bubble.

LBD said...

It's not the house that cost the money really but all the greed including government. Dirt is dirt, just depends where it's at and the romance that goes with it. IMO.🥂

Lawyerliz said...

Well, some dirt is higher than other dirt. And some dirt, like under us, is sand. Do I get romance points for being able to see launches?

Rob Dawg said...

The Vandenberg launches are less frequent and further away so sure nerd points to Canaveral.

We do have better dirt however.

EngineerJim said...

Is that a parking area in front of the house? If so, what's to prevent a car from running into the house?
They put bollards in front of garage hot water heaters to protect for that.

Rob Dawg said...

Kinda funny for a house that claims 5000 sf lot. Still that is fairly common in the community as it makes clearing the snow easier.

sm_landlord said...

Yup, not looking good in Wrightwood.

The moon pic is nice, however. Hard to believe that was hand-held. Your new camera must have really good image stabilization.

Rob Dawg said...

Moon pic:
ISO 800 179 mm 1/100th sec

The image stab is fair but I am also that good. Not boasting but who else will tell you?

I've been experimenting. Nikon needs to be shot for their proprietary RAW and no MacOS software.

Rob Dawg said...

The Wrightwood 92 inventory and 15 sales in August looks like a 6 month supply but don't believe it.

sm_landlord said...

Photoshop has supported Nikon RAW files for years via the Camera RAW import program. I'm pretty sure that Lightroom supports them now as well. You just need to pa the Adobe tax ;-)

Rob Dawg said...

2015 Lodi Old Vine Zin. Disappointing. Almost not drink disappointing. Almost.

sm_landlord said...

Some of my Zin is migrating to Echo Beach. You may have to come pick some up. Probably more on the way when I head back, whenever that happens...

Rob Dawg said...

Scotland for a couple weeks starting Sunday. Definetly after. You still need to try the High West whiskey. https://www.highwest.com/
Then again, it is remotely possible I might be returning with a dram or two of the best of the Highlands.

EngineerJim said...

>Nikon needs to be shot for their proprietary RAW and no MacOS software.

Actually, all raw formats are proprietary.
Usually Apple is fairly prompt about supporting raw formats.
But I guess you are saying Nikon themselves don't have Mac software for their camera.

sm_landlord said...

Nikon must have Apple software for RAW. One potential gotcha is that RAW formats change every time the sensor changes, or whenever the manufacturer decides to rev some features, or release a new model, or just annoy people. ;-)

Rob Dawg said...

MacOS 10.10.2 and the damn Nikon Doftware refuses to install because I need 10.10.x or greater.

EngineerJim said...

You're at 10.10.2 ?
I'm at 10.12.6.
Probably time to upgrade.

Lawyerliz said...

In other news, a volcano in Vanatu is about to erupt and Popocatapetal near Mexico City and the epicenter of that earthquake is smoking. The goddesses and gods are angry!

Lawyerliz said...

Including the hurricane god. I tell you Canada will invade soon!

EngineerJim said...

>The goddesses and gods are angry!

Trump pissed them off I'm sure.

Lawyerliz said...

Oh and there is a disturbance south of here which promises to be a rain event.

Lawyerliz said...

More rain. . . . .

dilbert dogbert said...

Got a couple of pomes like those in your photo. Was wondering when to pick. UC Davis says wait till November. Others say give the fruit a thump and listen for a metalic sound. Mine give a dull thud.

Lawyerliz said...

Play newsstand had an article on the people inside a collapsed building, who were immigrants from elsewhere who were seeking opportunity in Mexico mostly Asia and Argentina, because things were better and there was growth.
Killed.

Lawyerliz said...

2 inches of rain for the day, 25 for the month.

Rob Dawg said...

Pomegranates are ready. When the surface goes from smooth round to it feels like there are ribs under the surface.

Cinco-X said...

Ya... Were a bit dry, though it looks like we might get dinner masturbate from a hurricane out in the Atlantic this Saturday

Rob Dawg said...

For you overlapping participants. I have been banned from Reddit HCN.

Rob Dawg said...

Cannot wait to see what you meant to type there Cinco.

Lawyerliz said...

Hahahahaha sorry, but usually it's me that does this sort of thing.

Lawyerliz said...

What exactly did you say?

Rob Dawg said...

Mudbiker aka nPoic massively edited a post long after several replies and I called him out on it.

LBD said...

Good Morning!☀️

Seems more of an honor with all the hate people.

Mc Culloch was a man of vision and action. The London bridge seemed kind of crazy but what a community Lake Havasu has grown in to.

Rob Dawg said...

Hah hah: NFL teams have seen 88,000 likes dropped on Facebook Sunday and Monday. A fraction of a percent but that means people were spurred to action. No telling how many more will get around to it.

Lawyerliz said...

That's not right.

Lawyerliz said...

Ok, curious, how many dislikes?

Lawyerliz said...

Wasn't Writwood mentioned previously a while ago on hcn?

Rob Dawg said...

+3,345 likes including more than a dozen in the thread that got me banned. It was a rare comment of mine that got a negative score.

Rob Dawg said...

Hey. i is a moderator. I wonder if he can reverse BlackHalo/Darkaura's ban?

Rob Dawg said...

Weird DYAC. Cinco-X is a moderator.

Liz, I'm pretty sure any mention of Wrightwood is mine. It has proven a solid leading indicator. What I am seeing is a hard ceiling; Price and price per square foot.

Rob Dawg said...

New post.

Cinco-X said...

I'm a bit behind. I'm currently prepping for a colonoscopy