Case study: Wateridge

Wateridge is a nice 254-unit complex in Sorrento Valley (San Diego, 92121 ZIP code) built in 1998-2000.

Here are some recent sales in the neighborhood in a variety of models:
10314 Wateridge Circle #276
2 bed, 2.5 bath, 1,148 sq ft
SOLD: 02/07/2007
Price: $455,000 ($396 per sq ft)
Previous sale: 08/03/2004: $487,000 ($-61,220) factoring in 6 percent in selling costs; does not assume any additional loans

10198 Wateridge Circle #158
2 bed, 2.5 bath, 1,148 sq ft
SOLD: 12/22/2006
Price: $427,500 ($372 per sq ft)
Previous sale: 03/26/1998: $168,740 ($+248,635)

10314 Wateridge Circle #276
3 bed, 2.5 bath, 1,553 sq ft
SOLD: 11/14/2006
Price: $490,000 ($315 per sq ft)
Previous sale: 11/30/2004: $562,500 ($-106,250)

10266 Wateridge Circle #224
3 bed, 2.5 bath, 1,390 sq ft (La Jolla Plan)
SOLD: 08/29/2006
Price: $480,000 ($345 per sq ft)
Previous sale: 04/30/2003: $385,000 ($+71,900)

Current listings:
10140 Wateridge Circle #125
3 bed, 2.5 bath, 1,390 sq ft
DOM: 5 MLS #: 076018292
Sales history: 05/21/2003: $390,000
Current price: $469,000-$499,000
(no photos with listing)

10368 Wateridge Circle #330
2 bed, 2.5 bath, 1,148 sq ft
DOM: 18 MLS #: 078014555
Sales history: 05/24/2002: $324,000
Current price: $444,000-$464,000




10186 Wateridge Circle #151
2 bed, 2.5 bath, 1,148 sq ft
DOM: 57 MLS #: 071003550
Sales history:

09/14/2005:	$515,000
05/24/2002:	$319,909

Current price: $464,000-$484,000

10242 Wateridge Circle #194
3 bed, 2.5 bath, 1,553 sq ft
DOM: 67 MLS #: 076000234
Sales history: 11/18/1998: $219,808
Current price: $499,000-$520,000




10354 Wateridge Circle #314
3 bed, 2.5 bath, 1,390 sq ft
DOM: 203 (but it is a showcase listing on Realtor.com!) MLS #: 066072228
Sales history:

07/12/2002:	$360,000
07/23/1999:	$222,990

Current price: $499,888 (finally not a price range!)