sdrealtor I did not miss the Camino Verde pending. As I wrote, the only comps I pulled up were for the Belleza subdivision. The Camino Verde comp that you pulled up did not list Belleza as the subdivision so that is why it did not come up in my search.
Again as I wrote in my post above I am not really saying anybody is right or wrong here. I would not agree that prices are at the 2003 level. As I posted, they are “heading” in that direction, I think they will get there but no they are not there yet. Your point rings true that in other areas of the county we are certainly at 2003 prices while indeed we have not reached them yet here. I do think ocr’s point was to say that hey here is one here and one there, yes cherry picking, yet that is how it starts right? However people on this board tend to get all worked up and yes, they sometimes do take a distressed listing and extrapolate it to a much broader extreme which is erroneous to do.
Finally my point about the two comps was not to point out they are stale by any means, it was more to point out that the volume is low. Admittedly I am not an expert at this particular subdivision so maybe that volume is good for the size of the subdivision. I would say that the trend will keep putting pricing pressure on this subdivision (and area as a whole) such that we will see 03 prices here…. not sure when though.
