I am seeing a lot of pull in that direction. 6 months ago, I had never shown anything there.
It seemed too expensive and too suburban. Many clients felt there were too many pickups and American flags (that’s an actual comment from a client). More recently, I have written like 4 offers there. So far only one escrow (in play now). The views, the pools and the new lower prices have siphoned off a large percentage of the would-be North Park and even Claremont crowd.
As far as the 2 br, I see the prices coming down a bit more and bringing up effective demand with it.
I don’t think that it will create a rally but perhaps a relative price stability in the units with smaller room counts. Given the choice between a 2br condo in many areas and a small house in Allied, many will take the house.
