I just wanted to add a little data. Here are recent closings on 3/2 in Mira Mesa (from sdlookup.com), and what the prices would be if there is another 15% decline. I believe these are all SFRs.

Sq.Ft. | Closing | -15%
1,010 | $276,000 | $234,600
1,010 | $318,100 | $270,385
1,121 | $30,500,000 | $25,925,000
1,121 | $365,000 | $310,250
1,121 | $390,000 | $331,500
1,134 | $370,000 | $314,500
1,134 | $406,000 | $345,100
1,134 | $413,000 | $351,050
1,134 | $353,000 | $300,050
1,134 | $363,000 | $308,550
1,266 | $350,000 | $297,500
1,284 | $390,000 | $331,500
1,292 | $388,000 | $329,800
1,312 | $256,500 | $218,025
1,345 | $340,000 | $289,000
1,354 | $361,000 | $306,850
1,381 | $352,000 | $299,200
1,405 | $410,000 | $348,500
1,405 | $340,000 | $289,000
1,437 | $352,000 | $299,200
1,509 | $415 | $353
1,555 | $479,000 | $407,150

I’d sure like to see that $30 million home 😉