Earlier in this thread there was discussion of when we could get a 3br 2000sqft house with ocean view in LJ for under a million. One that was mentioned was 1034 La Jolla Rancho Rd, which was an REO listed at 999,000. See it here:
That’s $505,000 (or 30%) off the 2006 sale price of $1,680,000.
But, to the question, when can you get a 3br 2000sqft house with ocean view in LJ for under a mil? We don’t seem to be there quite yet, but we are close. And if you drop the ocean view there are a couple of places you can find that probably fit that bill.
LJ may not be dropping like outlying subprime neighborhoods, but it definitely is dropping.
