DWCAP….It may be a little more than north county coastal, but I wouldn’t be so sure the areas in east county and south county are as much fha/va as you think. There are a gazillion fha/va buyers in those areas too that cannot get an offer accepted b/c they are getting beat out by cash and 20%+ down. I know some well qualified VA people with 800 credit that have literally been trying for 2 years with dozens and dozens of offers!!! Plenty of cash and 20%+ down there too.

Also, the other area I researched all the sold’s in the last 6 weeks in great depth, condo’s in metro san diego, is not North County Coastal. And there were very few fha/va loans on the closed properties the last 6 weeks in this area. Mostly all cash and 20%+ down.

I also noticed that the few fha and va closed sales are going for inflated prices. The few fha/va approved condo’s have so many buyers that want them, they have to bid way above asking to have a chance.