Earlier in this thread there was discussion of when we could get a 3br 2000sqft house with ocean view in LJ for under a million. One that was mentioned was 1034 La Jolla Rancho Rd, which was an REO listed at 999,000. See it here:

http://www.sdlookup.com/MLS-086024374-1034_La_Jolla_Rancho_Rd_La_Jolla_CA_92037

At the time the house was just pending, and supposedly there had been numerous offers on the place. Looks like it closed, at $1,175,000.

http://www.zillow.com/HomeDetails.htm?zprop=16855370

That’s $505,000 (or 30%) off the 2006 sale price of $1,680,000.

But, to the question, when can you get a 3br 2000sqft house with ocean view in LJ for under a mil? We don’t seem to be there quite yet, but we are close. And if you drop the ocean view there are a couple of places you can find that probably fit that bill.

LJ may not be dropping like outlying subprime neighborhoods, but it definitely is dropping.

XBoxBoy