Hi Gary,
I saw that $99,900 while looking at these places on the MlS today. Never been to the complex before. The limited idea I could get from the photos is that this is a very plain, almost industrial looking place in an area with no comforting feel to it whatsoever.
Sunterra has 6 or so pendings now and the active listing have always hovered around 12-15. Nothing sold until they accepted offers the 125k range for the 2/2. This seems like enough to incite some activity and discourage further price drops for now. Maybe another round down later this year?
Do you ever look at 92019? The area around Cuyamaca College is much nicer and improving still. The cheaper units are around Fury Lane. I really like the complexes on Calle Albarra. It is still very easy to get to the heart of El Cajon via Jamacha or Avocado if need be. I think I mentioned it before. Much nicer area and some distressed sales have come through.
It actually can function as a good walking neighborhood too, in a kind of suburban-name-brand kind of way.
