I also wouldn’t base my judgement on one place. This could be one instance out of a 100 that actually had the stars line up and it sell at a high price.
You live in PB, drive around.. for sale signs everywhere.
That is not something that makes high prices sustainable. A lot of competition out there. PB’s rep hasn’t gotten any better either.
It is a place close to the ocean though, so the real dramtic declines I don’t think are happening there. It’s going to take some time for the wave of crap to fill it’s way down the streets.
Look at Mira Mesa, and some of the outskirts. For a while it seemed like San Diego wasn’t going to really decline much, only Temecula. We are seeing declines there now, it’s starting to make it’s way to other neighborhoods too. Don’t get distracted
