Be sure you don’t confuse comments by people about hot markets with the high priced markets. They are not the same. I don’t think anyone on this board is claiming that houses priced $750,000 to 1.5m are flying off the market. If so, I would immediately challenge them to show some examples.
The high end markets are all very slow. Some extremely slow. Jim The Realtor has a post on his blog a day or so ago that pointed out that in Del Mar and Rancho Sante Fe in June, 60 new listings came on the market and not one of them found a buyer!
People always want to paint the situation with a broad brush, but nowadays, any broad brush will be a gross misrepresentation of what is going on.
BTW. I used to live in Kensington north of adams. It is still my favorite neighborhood in all of san diego hands down. You can’t go wrong buying there.
