binx nothing is wrong with offering 100k less then asking. All they can say is no. Ask you realtor to give you the stats of the community (Blackhorse). Include all actives, pendings, solds, expireds, cancelleds and withdrawns in the past 2 years. The fact of the matter is that condos have been hit harder then detached homes in this slowdown. The La Jolla market is strong but there has been depreciation there as well. Looking at the 5 actives that popped on the MLS in the complex ALL of them have been on the market an extensive amount of time. IMO I would come in more then 100k under asking, 200k on the higher end ones, and maybe 150k on the lower end ones. With that in mind, and seeing as there are NO pendings in the complex, and that the last sold was 11/21/06, I think they will trend back down some. Try to at least hold off until August and see if we get the long slow summer we had last year.
