Is this a good price or should we wait longer? We know that prices for SFH (>500K) have gone down, but what about condos in the 400K range?

Are you joking?

We SOLD our 4S Ranch condo at $405k, after watching it fall in value from $425k. In 2 yrs since, its price has fallen below $350k and the decline in price is accelerating.

That was a 3BR, 2BTH, 1250 sq ft, nice unit with view and very sunny.

Over HALF of the hundreds of units in many 4S condo complex are speculator-owned and rented. You know what that means. They turned tail and dumped ’em on the market as soon as they got nervous. Next we got the mortgage resets kicking in.