Look at this modest condo in Mira Mesa. This is an example of a unit whose sales history spans the 1980s real estate boom. 12 years for a recovery. I expect history to repeat itself. Most people live in their houses 5 years so we’ll see some forced sales at big losses in 2008.
List Price: $299,900 – $299,900
MLS #: 064094222
8439 WESTMORE ROAD #79, SD – Mira Mesa, CA 92126**
Notwithsanting the asking price, this seller would be lucky to get $250k in this market.
