Stop looking at asking prices and the places that sit there for months on end. Look at the closed sales and see how they are trending.
I don’t watch Carlsbad or Oceanside, but instead La Jolla. I can tell you that when I look at asking prices I see lots of sellers that are holding out and will continue to hold out. But when I look at what closes, it’s a different picture. The stuff that is selling is much lower priced and much better value. So, forget the asking prices of those that refuse to take a loss. Look at the closed sales if you want to see where the market is trading at.
