Comments on: And the prices come tumbling… http://www.arcadiahousingblog.com/2008/08/12/and-the-prices-come-tumbling/ Tracking the Arcadia and San Gabriel Valley Housing Market Sun, 14 Mar 2010 11:29:49 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Worthmining http://www.arcadiahousingblog.com/2008/08/12/and-the-prices-come-tumbling/comment-page-1/#comment-4147 Worthmining Thu, 14 Aug 2008 03:57:47 +0000 http://www.arcadiahousingblog.com/?p=631#comment-4147 When value properties, it's important to keep in mind that the dollar value is only worth the half of what it used to be back to 2000, based on the commodity, gold, oil etc. price increase over the same period of time. Therefore it's very unlikely we will see the house price (nationwide) drop to the level around year 2000. 2003's level is more likely and in arcadia area, it'd be very lucky to see the price going back to near 2003's level. My hunch is arcadia's house price will bottom at another 10% lower from this point, sometime towards the end of this year or earlier next year. When value properties, it’s important to keep in mind that the dollar value is only worth the half of what it used to be back to 2000, based on the commodity, gold, oil etc. price increase over the same period of time.

Therefore it’s very unlikely we will see the house price (nationwide) drop to the level around year 2000. 2003’s level is more likely and in arcadia area, it’d be very lucky to see the price going back to near 2003’s level. My hunch is arcadia’s house price will bottom at another 10% lower from this point, sometime towards the end of this year or earlier next year.

]]> By: TheArcadian http://www.arcadiahousingblog.com/2008/08/12/and-the-prices-come-tumbling/comment-page-1/#comment-4143 TheArcadian Thu, 14 Aug 2008 02:51:47 +0000 http://www.arcadiahousingblog.com/?p=631#comment-4143 I appreciate the clarification and additional details. I took a look at the surrounding properties being sold in Temple City and even they are all listed and sold for $330/sf and upwards to $400/sf+. I appreciate the clarification and additional details. I took a look at the surrounding properties being sold in Temple City and even they are all listed and sold for $330/sf and upwards to $400/sf+.

]]> By: Monrovia Man http://www.arcadiahousingblog.com/2008/08/12/and-the-prices-come-tumbling/comment-page-1/#comment-4142 Monrovia Man Thu, 14 Aug 2008 02:25:30 +0000 http://www.arcadiahousingblog.com/?p=631#comment-4142 The 737 Sharon comp is in the Temple City Unified School District although it is in the City of Arcadia. This explains the seemingly low $ per square foot. The 737 Sharon comp is in the Temple City Unified School District although it is in the City of Arcadia. This explains the seemingly low $ per square foot.

]]> By: george8 http://www.arcadiahousingblog.com/2008/08/12/and-the-prices-come-tumbling/comment-page-1/#comment-4105 george8 Tue, 12 Aug 2008 14:02:50 +0000 http://www.arcadiahousingblog.com/?p=631#comment-4105 725 Tiffany does look like a flipper flopped. I wonder if someone could look into if this property indeed went back to the bank? If so, it should be coming out as a REO soon, perhaps at $800k or lower? 725 Tiffany does look like a flipper flopped. I wonder if someone could look into if this property indeed went back to the bank? If so, it should be coming out as a REO soon, perhaps at $800k or lower?

]]>