And here’s a condo up by UTC (I know, some of you don’t want to call the area east of the 5 La Jolla, but it’s got a 92037 zip, so I’m gonna include it anyway)
Bought in 2006 for $535,000 and just sold for $391,500. A loss of $143,500 in just over two years. That’s a 27% loss for those of you who want percents.
Might as well include La Jolla Colony (zip code 92122 north of the canyon, west of Genesee).
7445 Charmant Dr #1702: 36% loss
7405 Charmant Dr #2111: listed 36% below the original conversion sale
Those are extreme cases though, 25% off the peak seems to be the average in the area.
