for the record, sdrealtor is the realtor in question. SD Realtor has been very supportive of the bear position.
as for those Blueridge estate homes, good grief!
797 JOY CT, San Marcos, CA 92078 (4243 sqft)
–10/31/2006: sold for $1,185,000
–11/19/2007: offered for $824,000 ($361k off, 30% drop in 1 year)
795 JOY COURT, San Marcos, CA 92078 (4226 sqft)
–09/27/2006: sold for $1,095,000
–11/14/2007: offered for $839,900 ($255k off, 23% drop in a little over 1 year)
that’s two foreclosures side by side. meanwhile a homeowner just down the street is entertaining offers between $895,000 – $925,000… looks like it’ll be three REOs on the street in due time.