I don’t recall seeing many SOLD signs. I’m sure that a few units have turned over, but they are still there for the most part. If you don’t believe me, take a drive down La Costa Ave, East of El Camino Real sometime. They are also continuing to build quite a few new units, mostly in tract developments. I imagine this is pissing off the owners of the older homes that want to get out of the market ASAP.

My wife and I are reminded of this everytime we drive by here and we just shake our head. We keep telling ourselves that there’s no way we are going to buy in this market, with prices being the way that they are. It looks like a lot of others feel the same way.