Citydweller if you print out the address you can find out. I have some good experience with Mission Valley. I bought a 1/1 in Mission Plaza back in 02 and sold it a few months ago. I am not so sure about the 1050 rent but that sounds about right as that was the rent I was charging my client. Overall it was okay for me and worked out well. I sold it at about 10% below what the current market was back in the spring and am glad I did.
I think the condo market will continue to depreciate substantially condominiums. That 1/1 for 180k may indeed been a “true” sale as in an REO that went from the lender to a private party. I have seen other prices in that range. As for the 300k for the 1/1 at the top of the market… mmmm I am not so sure about that but I am sure you can find an isolated case or two. The 1/1s in Mission Plaza maxed out at like 250-260 at the height of the frenzy.,. maybe more if I went and dug around.
Anyways point being for any of you guys thinking about condos as first time buyers.. try to hold out awhile longer.
