All I can say is that I am on the ground floor and I see the activity first hand. I see the homes that go on the market in Mira Mesa that are priced aggressively get snapped up pretty darn fast.

Also I am not 100% sold on sites such as Foreclosure.com and Realtytrac. I believe that they are not updated in a timely manner when notices are cured and/or when trustee sales are delayed because offers are received from short sales. Finally I would be interested to see when a home that is marked as a distressed sale is removed from that list once the home is sold during a short sale or an REO.

Once again, this is not any disclaimer that Mira Mesa or any other neighborhood is at a bottom.