FLU, I'm not commenting on the attached market because I really dont follow it all that much. I focus on the SFR. CV is defintely overbuilt with condos relative to toher coastal areas. Beleive it or not, the same size townhome is as or even more expensive in Encinitas than it is in CV. Regrading pricing, you just agreed with me. I said prices have flattened and should creep down little by little. Read my posts again.
Palacio IS a SFH development near the 5/56 interchange. And it's seen it's fair share of big misses. Also Sausalito is SFH too. Take a look at those peak prices and compare that to current Sasalito listings.
I'm pointing out that the decline is starting in CV, starting first with the less desirable locations and developments in SFH and also all attached homes….
Speaking of which, I was visiting a friend today at Crest in Carmel Valley. Thought I'd share two pictures that I thought was interesting. (Folks, pleae don't crack open the wine for this..I’m sure the sign is more of a marketing/hype to pump up interest at this point because rarely are real FC so blatantly advertised.)
