[quote=AN]But didn’t you just show 91910 sold more than 92129 in the last 2 months or so? [/quote]
No, more houses were sold in 92129 in the last 2 mos.
[quote=AN]But the housing stocks shows there are houses from $200k-$4M. There must be MC/upper MC buying those $500k-$1M houses.[/quote]
There are. I posted the comps from RDR Belmonte and Miranda. They are NOT in CV West 91910. They are 5.5 mi. away in “New RDR” 91910. No luxury properties have sold in CV West in the last 2 mos. because 1) there aren’t very many on the market; 2)the CV West luxury homes are generally more exp, i.e. on bigger lots, no HOA, no MR; and 3)there were only two distressed properties that I know of in the last 3 years in this area (one heavy fixer); and 4) many were purchased with cash so their owners don’t really need to sell and aren’t listing them. Why would they?
So the 91910 comps in CV West are skewed low right now to distressed and overextended investors’ must-sell properties.
