[quote=deadzone]bearishgirl, you make some valid points but I don’t see how you can conclude that these older areas have already hit bottom.

Again, can you give an example of one of these areas?

La Jolla, for instance, was very sticky pricing for most of the downturn. But I have noticed a significant change over the last 6 months or so where asking prices are moving noticably south.[/quote]

deadzone, in order to respond to you, I need a little more info.

If you don’t mind my asking, where is your target purchase area located, i.e. LJ “Muirlands,” LJ “Village,” “Allied Gardens,” etc.

Also, are you considering properties within a custom or tract area (if wishing to purchase an SFR)?

If in a custom area, do you have particular streets picked out that you wish to purchase on? If so, what are they?

If on a tract, do you have any particular tracts picked out? If so, what are they?

Or are you wishing to purchase a condo? If so, have you already chose one or more target complexes to focus on?

And, where is the recent “release from sticky pricing” you observed within “LJ?” Was it all in the same area, or scattered?? Did any of these property-owners who reduced their asking prices receive a Notice of Default during their listing period? Did any of their close neighbors get foreclosed on during their listing period? Did any nearby “short sales” successfully close recently?