June 2006 Real Estate Sales

[SHELLY]

SoWal may be comparatively priced with communities such as Hilton Head and some in South Florida or the Naples/Tampa areas. But it is still a bargain when compared to anything on the West Coast or in HA.

But after you figure in the cost of gas to commute....it's pretty much a wash.

 

[Pirate]

I disagree Donna. I was in Malibu recently and looked at a house on the beach with an acre lot, a pool and a tennis court for 6.5m. Show me a property like that in Sowal, it doesn't exist. Houses on postage stamp lots for 10 million here, or a 50 year old shack with 50 feet on the beach for 4 million? There is quite a bit of beachfront in the same range as Sowal in Cali. Search the MLS, there are much better properties in So Cal in the same price range as the beachfront here. The lower end market is a little higher in price, but there are actually people that live there to support the prices. The 1 bedroom condo you mention in Cali has a 2 bedroom next to it for 1.4m. Have you looked at other threads about Dunes of Seagrove for 1.3m asking or Adagio for 2.5m asking? Houses in Sowal that were 1 million in 2003 have asking prices of almost 4 million, it's ridiculous. If you don't agree, just look back at the sales figures. No easy bank money anymore, no ridiculous sales.

 

[Bob]

I disagree Donna. I was in Malibu recently and looked at a house on the beach with an acre lot, a pool and a tennis court for 6.5m. Show me a property like that in Sowal, it doesn't exist. Houses on postage stamp lots for 10 million here, or a 50 year old shack with 50 feet on the beach for 4 million? There is quite a bit of beachfront in the same range as Sowal in Cali. Search the MLS, there are much better properties in So Cal in the same price range as the beachfront here. The lower end market is a little higher in price, but there are actually people that live there to support the prices. The 1 bedroom condo you mention in Cali has a 2 bedroom next to it for 1.4m. Have you looked at other threads about Dunes of Seagrove for 1.3m asking or Adagio for 2.5m asking? Houses in Sowal that were 1 million in 2003 have asking prices of almost 4 million, it's ridiculous. If you don't agree, just look back at the sales figures. No easy bank money anymore, no ridiculous sales.

Did the house in Malibu include a wetsuit so you can "enjoy" the full beach experience?

 

[Pirate]

Did the house in Malibu include a wetsuit so you can "enjoy" the full beach experience?

I wasn't praising the beaches or water quality there, only pointing out the prices are comparable. I like 30-a beaches except for the "restored" areas where the dunes meet the ocean.