BG – Thanks for bringing up the 2000 pricing in relation to location. I have seen very few places along the coast that have seen 2000 prices. (not saying there won’t be some that pop up and that would be more condos/townhouses) There are many more SFR that are seeing 2003 pricing.
Since PL is considered a desireable ZIP and since there were so few NODs (haven’t checked lately) I am surprised to see declines at all, which was the reason I even started this thread in the first place. The declines along the coast have been gradual and for there to be 2003 pricing along the coast w/these interest rates are quite good.
Yes, you can get 2000 pricing in Temecula, Chula Vista, etc. Those areas are not the coast where prices have been very sticky. To get 2003 pricing along the coast that realtors (perhaps not on this blog) have claimed is immune is really saying something. It was only a short few years ago that I remember hearing people say the coast would see little decline in pricing. Others were saying to just wait, it will happen eventually. They are occurring, however slowly and gradually, and on properties that are not fixers.
