[quote=pemeliza]JP, that is a nice house for the $$$. Looks like prices are settling in around 35-40% off peak in 92103. That is a very high price for early 2008. I thought by then the market was already starting to get hit.[/quote]
What I’ve been saying. It’s taking longer for the high end. I don’t want to keep repeating myself, but we were not seeing these prices a year or two years ago in 92103 or 92106. And some ZIPs are still not seeing declines. But maybe it will creep its way over there eventually. As I said on the PL thread, I am surprised at these declines in 92103 and 92106 b/c there weren’t even very many NODs in these ZIPs compared to others. I thought these ZIPs w/the demographics would hold up better. These are not minor declines any more, IMO.