[quote=sdrealtor]Alot more than you think. I was blown away by the interest level. I figured 3 to 5 offers. They must have gotten 20 in a weekend. I figure most were at, above or close to asking price. I also figure most if not all were taking loans on $697K or less telling me there are a sh*tload of people walking around with $300K or more looking for a nice house and this one was nice but hardly spectacular or a spectacular deal.[/quote]

Have been a housing bear for the past many years since coming across this website and Rick’s analysis. But, have to agree with sdrealtor on this. There are many people with serious money who are willing to pay for certain parts of San Diego. Coastal areas…NCC and some more nicer parts inland such as Scripps Ranch have good demand and I still 2004 prices being paid on many properties. Housing probably will correct further in San Diego county, but I am slowly getting convinced that the more desirable areas of San Diego probably will not see any serious correction from here unless economy collapses or interest rates shoot up a lot (doesn’t help…since I need a mortgage, interest rate going up significantly will probably reduce my affordability).