agreed. been looking in 92064 in the 1.3 to 1.8 mil range for the past 6+ months, and these properties are selling and continue to go into escrow. NOT a single property I was seriously interested in (a few I have made offers on also) has fallen out of escrow, so clearly there are those that are either paying cash or don’t mind the extra .5% for a jumbo loan. let’s face it, folks in this range don’t seem to be as affected and an extra .5% on a jumbo loan is not a make or break deal. prices have softened a bit and there are a couple high end distressed ones, but for the most part, prices are holding up quite well to my chagrine.
