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.
-----
Click on the address to go to the zillow listing. Last sold
| 01/06/12 $125,000 Nice timing if it works.
|
So they want twice as much for the house in 6 years. Only 2 bedrooms.
ReplyDeletehunh. small. Not ugly but not attractive.
In short, anybody who buys this at that price is crazy.
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?
ReplyDeleteThis is in a small mountain village no less. This is how things looked just before the last crash.
ReplyDeleteAdded some new pics to the post.
ReplyDeleteKali is Krazy! It's all about the financing. 🎱
ReplyDeleteMy PITI is less than my nearest neighbor's tax bill alone. Crazy is a two way street.
ReplyDeleteSimple math really but some just believe the wrong things with out thinking. RD you like me are Krazy like a fox.😏
ReplyDeleteSo are Liz and others here. kudos to the winners.👌
ReplyDeleteBlush.
DeleteHonest. I originally had Crazy like a fox in my comment but decided to not give away the punch line.
ReplyDeleteWell, nobody has bought the house yet. Maybe they won't.
ReplyDeleteI 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.
ReplyDeleteAgreed. 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.
DeleteWe 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.
ReplyDeleteI 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.
ReplyDeleteIt'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.🥂
ReplyDeleteWell, 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?
ReplyDeleteThe Vandenberg launches are less frequent and further away so sure nerd points to Canaveral.
ReplyDeleteWe do have better dirt however.
Is that a parking area in front of the house? If so, what's to prevent a car from running into the house?
ReplyDeleteThey put bollards in front of garage hot water heaters to protect for that.
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.
ReplyDeleteYup, not looking good in Wrightwood.
ReplyDeleteThe moon pic is nice, however. Hard to believe that was hand-held. Your new camera must have really good image stabilization.
Moon pic:
ReplyDeleteISO 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.
The Wrightwood 92 inventory and 15 sales in August looks like a 6 month supply but don't believe it.
ReplyDeletePhotoshop 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 ;-)
ReplyDelete2015 Lodi Old Vine Zin. Disappointing. Almost not drink disappointing. Almost.
ReplyDeleteSome 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...
ReplyDeleteScotland for a couple weeks starting Sunday. Definetly after. You still need to try the High West whiskey. https://www.highwest.com/
ReplyDeleteThen again, it is remotely possible I might be returning with a dram or two of the best of the Highlands.
>Nikon needs to be shot for their proprietary RAW and no MacOS software.
ReplyDeleteActually, 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.
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. ;-)
ReplyDeleteMacOS 10.10.2 and the damn Nikon Doftware refuses to install because I need 10.10.x or greater.
ReplyDeleteYou're at 10.10.2 ?
ReplyDeleteI'm at 10.12.6.
Probably time to upgrade.
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!
ReplyDeleteIncluding the hurricane god. I tell you Canada will invade soon!
ReplyDelete>The goddesses and gods are angry!
ReplyDeleteTrump pissed them off I'm sure.
Oh and there is a disturbance south of here which promises to be a rain event.
ReplyDeleteMore rain. . . . .
ReplyDeleteGot 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.
ReplyDeletePlay 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.
ReplyDeleteKilled.
2 inches of rain for the day, 25 for the month.
ReplyDeletePomegranates are ready. When the surface goes from smooth round to it feels like there are ribs under the surface.
ReplyDeleteYa... Were a bit dry, though it looks like we might get dinner masturbate from a hurricane out in the Atlantic this Saturday
ReplyDeleteHahahahaha sorry, but usually it's me that does this sort of thing.
DeleteFor you overlapping participants. I have been banned from Reddit HCN.
ReplyDeleteWhat exactly did you say?
DeleteMudbiker aka nPoic massively edited a post long after several replies and I called him out on it.
DeleteThat's not right.
DeleteCannot wait to see what you meant to type there Cinco.
ReplyDeleteI'm a bit behind. I'm currently prepping for a colonoscopy
DeleteGood Morning!☀️
ReplyDeleteSeems 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.
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.
ReplyDeleteOk, curious, how many dislikes?
ReplyDeleteWasn't Writwood mentioned previously a while ago on hcn?
ReplyDelete+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.
ReplyDeleteHey. i is a moderator. I wonder if he can reverse BlackHalo/Darkaura's ban?
ReplyDeleteWeird DYAC. Cinco-X is a moderator.
ReplyDeleteLiz, 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.
New post.
ReplyDelete