tag:blogger.com,1999:blog-2983944778720243687.post7905484539891418507..comments2023-11-05T04:24:01.807-08:00Comments on Westside Bubble: Monthly Inventory updateWestside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-2983944778720243687.post-54099162139897685142008-03-04T13:55:00.000-08:002008-03-04T13:55:00.000-08:00does anyone here know the status of the north of m...<I>does anyone here know the status of the north of montana neighborhood association? Who is running it right now?<BR/><BR/>Last i heard they were working to get stricter anti mansion rules passed.</I><BR/><BR/>Their big effort was back in the late 1990s, which scaled back zoning to what's there now. I'd be surprised if it scaled back again. Here's their <A HREF="http://smnoma.org/" REL="nofollow">website</A> with contact info.<BR/><BR/><I>I just was told that <BR/>2121 LA MESA DRIVE has three offers over $10 million. <BR/><BR/>I heard the seller is holding out for more than $11 million, and doesn't have anything at that level yet. </I><BR/><BR/>Thanks for the scoop, Anon. It's asking <B>$12.5M</B>.Westside Bubblehttps://www.blogger.com/profile/03383559105050069002noreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-5033620063802339782008-03-04T11:13:00.000-08:002008-03-04T11:13:00.000-08:00I just was told that 2121 LA MESA DRIVE has three ...I just was told that <BR/>2121 LA MESA DRIVE has three offers over $10 million. <BR/><BR/>I heard the seller is holding out for more than $11 million, and doesn't have anything at that level yet.<BR/><BR/>That seller is a bonehead. he should take the money and run before things in SM go to heckAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-17188759174994924962008-03-04T11:09:00.000-08:002008-03-04T11:09:00.000-08:00I agree one hundred percent with the posts heredoe...I agree one hundred percent with the posts here<BR/><BR/>does anyone here know the status of the north of montana neighborhood association? Who is running it right now?<BR/><BR/>Last i heard they were working to get stricter anti mansion rules passed. Remember that today north of montana a buyer is allowed to put in 4600 square feet above ground and 3000 square feet below ground for total 7600 square feet<BR/><BR/>these mansions are not good for the environment or the community <BR/><BR/>so anyone here plugged in with that association and can give the scoop?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-26714235983097350502008-03-04T10:09:00.000-08:002008-03-04T10:09:00.000-08:00You are right. It will take longer for SM to decli...You are right. It will take longer for SM to decline. I'm still amazed at some of the pricing around my house which is in Sunset park. There are modestly remodeled 1,800 sf homes going for the $1.5MM range and they sit on streets running right under the airstrip. Have you ever been on Marine/18th when they reverse the landings on the runway and a G4 comes in on approach? It's less than 200 ft above your house and the noise will rock you. They do that a few times a week because of the prevailing winds and those homes are all well over $1MM. Don't get me wrong, I love the airport and flying is a passion, but property needs to take a bigger hit if it's in the flight path.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-71482437037263825712008-03-04T06:40:00.000-08:002008-03-04T06:40:00.000-08:00This sums it up...<A HREF="http://www.comics.com/creators/othercoast/archive/images/othercoast20122245080304.gif" REL="nofollow">This</A> sums it up...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-40558420494577963952008-03-03T20:31:00.000-08:002008-03-03T20:31:00.000-08:00I really would suggest that people are still belie...I really would suggest that people are still believing the hype. Its the same reason this whole crazy thing happened in the first place. SM will be one of the last places to pop. I know of some buyers who only six months ago overpaid and are already having financial troubles and are finding they will have to bailAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-56354654651018836932008-03-03T14:10:00.000-08:002008-03-03T14:10:00.000-08:00in response to price stout's 8:09 comment.He's rig...in response to price stout's 8:09 comment.<BR/><BR/>He's right. Construction costs are still high. you can save some money on the labor right now, but where you get the better deal is in your ability to interview and compare contractors and their teams. You no longer have to settle for whoever is available. In the end, your build quality should be better.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-31253321913244601962008-03-03T09:16:00.000-08:002008-03-03T09:16:00.000-08:00WB,Some interesting census info in this report.htt...WB,<BR/><BR/>Some interesting census info in this report.<BR/><BR/>http://www.shapethefuture2025.net/PDF/housing_element.pdfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-58892677553858251002008-03-03T05:21:00.000-08:002008-03-03T05:21:00.000-08:00teardowns in 90402 sell quickly for 2 million - th...teardowns in 90402 sell quickly for 2 million - they just sold a few more - VERY fast<BR/><BR/>my question is - do you think these are being bought by spec builders or by individuals building for themselves<BR/><BR/>what are the economics of buying a teardown right now and building ??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-58611269118059492652008-03-03T05:08:00.000-08:002008-03-03T05:08:00.000-08:00This is all very helpful - basically, the builders...This is all very helpful - basically, the builders today pay more for materials and less for labor so not a big change there<BR/><BR/><BR/>Can anyone suggest builders that have extensive experience building houses with all the green features and technologies built in ?<BR/><BR/>I have seen many that seem super expensive ": $400 all in per square foot and wondered if there was anyone really experienced that was under $350 a square foot <BR/>for green constructionAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-89566024808406629002008-03-02T20:09:00.000-08:002008-03-02T20:09:00.000-08:00Price Stout here, can't post under a name for some...Price Stout here, can't post under a name for some reason:<BR/><BR/><I>Can anyone here give me some sense of whether custom build prices have come down</I><BR/><BR/>Basically the answer is no. Most of the cost of construction is materials, and have you seen commodities prices in the last two weeks? Through the roof.<BR/><BR/>The labor may have come down a bit due to slackened demand, but that only gets you so far. <BR/><BR/>The steady increase in building materials costs combined with the popped bubble / credit crunch has led to outcomes like new home construction in the Inland Empire literally selling below the replacement cost of the "vertical" (house) construction (and hence obviously below the total cost of construction, which would include the "horizontal" costs of getting to a "finished" lot.).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-19453779762942675702008-03-02T17:49:00.000-08:002008-03-02T17:49:00.000-08:00It seems that we are still seeing teardowns in 904...It seems that we are still seeing teardowns in 90402 going for 2.0 million each for 7500 square foot lots <BR/><BR/>that is 270 dollars a square foot<BR/><BR/>now you post that something in the 90404 went for 1.4 mil on a 4000 square foot lot or $350 per square foot <BR/><BR/>can you comment on the price per square foot in the 90402 vs in the college streets near arizona - it seems to me that on a price per square foot of land basis they are close to each other in price ?<BR/><BR/>what do you thinkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-44968464739424939602008-03-02T15:09:00.000-08:002008-03-02T15:09:00.000-08:00March 1, 2008 5:41 PM:Looks like the recommendatio...March 1, 2008 5:41 PM:<BR/><BR/>Looks like the recommendation on this (or smdistress) that Arizona and the college streets was a haven of sanity from the run up in prices was way off... Looks like this place is asking 1.6, 1259 25th street (a few blocks away) went for 1.4 on a 4000 sq ft lot, and 3024 Arizona went for 1 mil. and it's only 800 square feet on a 2000 square foot lot.<BR/><BR/>So much for sanity reigning in the 90404. Meanwhile "the princeton" is asking 1.3 each for 3 new townhomes...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-66630996520187418912008-03-02T07:37:00.000-08:002008-03-02T07:37:00.000-08:00whoops:MLS# 07-2277954024 Michael Ave. Sounds lik...whoops:<BR/><BR/>MLS# 07-227795<BR/><BR/>4024 Michael Ave. Sounds like they put money into it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-35145430545094893072008-03-02T07:36:00.000-08:002008-03-02T07:36:00.000-08:00Here is a property in Mar Vista that has just drop...Here is a property in Mar Vista that has just dropped below its 2005 purchase price:<BR/><BR/>http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=07_227795&mls=mls_so_cal&cKey=w1vs520w&source=CLAWAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-81060729169597830902008-03-02T04:44:00.000-08:002008-03-02T04:44:00.000-08:00Can anyone here give me some sense of whether cust...Can anyone here give me some sense of whether custom build prices have come down<BR/><BR/>in other words, if i owned a vacant scrap of land in sm and wanted to put up a custom house 12 months ago, what would i pay per square foot<BR/><BR/>today if i go to seek a custom builder what will i pay per square foot <BR/><BR/>has it changed?<BR/><BR/>this is for a house to live in not to sellAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-46748991406073102362008-03-01T17:41:00.000-08:002008-03-01T17:41:00.000-08:002836 Arizona Ave, 1000 square feet on a 6000 squar...2836 Arizona Ave, 1000 square feet on a 6000 square foot lot in 90404 is back on the market... for 1.6 million (it's in rough shape and being sold as a teardown)... hmmmmm...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-59891017303691360792008-03-01T09:43:00.000-08:002008-03-01T09:43:00.000-08:00DOM is getting amazingly high!DOM is getting amazingly high!Anonymousnoreply@blogger.com