Based on the size and bedroom, I’d assume you’re talking about the older single story houses built in the 70s. For similar price, I’d consider South West side of Mira Mesa. Similar floor plan but built in the 80s instead of 70s. Which means you don’t have to worry about asbestos.
foreclosure hit MM hard around 2007-2008. It’s still hitting MM, but not to the same extent. That and all of the government intervention really halt the supply quite a bit. Price has rebounded about 10% for the type of house you’re looking at (compare to late 2008). Also, keep in mind that most of the owners bought in the 70s-90s, which means that they don’t have to sell. That’s why I’m seeing very little regular sale listed. Most are short sale or REO. So the quality of properties being listing are not the greatest. Although nice places do come up. But for the last year, the nice properties that come up at market price get swarmed by multiple offers.
