I suppose the intent of this thread is to show that CV has some affordability coming however it is still VERY VERY frustrating for young families looking to buy there. Yes there may be a picking here or there but the facts are as displayed on the MLS. There are only 7 listings on the MLS today in CV for detached homes that are under 700k and two of them are not Fee Simple ownership, they are condos.
That blows.
I am not saying it has not come down in price because yes it has. However the demand is strong there because there is still very robust employment. Lots of engineers and other professionals with lots of good income who want good schools.
Anyways it will be nice to see it come down but I think people who are thinking a 450k home that is a 3/2 1800 sf home in the near future may need to recalibrate to the 09 or 10 timeframe.
