3/2 for 225K, wow, I sure hope so! But I don’t know. Since April, decent homes in MM listed for 450K or less have been snatched up quickly, and there have even been some price increases on some listed homes. I’m waiting for “summer cooling” of the market, but it doesn’t seem to be happening yet.
I’ll be delighted if prices would fall another 15%, which would make a decent 3/2 closer to 300K. To get to 225K…
The other thread (SD Home Price Index Blog) suggests that MM is already a little under-priced.
My parents were smitten with this 3/3 townhome for retirement: http://www.sdlookup.com/MLS-080041253-11202_Caminito_Inocenta_San_Diego_Ca_92126
and it was all I could do to prevent them from offering more than 400K (it came back with a counter-offer of 475K), which I thought would make a fair deal if not a good one. I’m curious, what do the rest of you more experienced Piggs think this 3/3 attached home is worth?
