I discovered something really interesting as I was on Zip Realty last night. I live in Diamond Bar, and have been really amazed (and disturbed) at how the prices have been so resistant to declining. But I was only looking at listing prices. True, they haven’t budged much. But just for fun, I thought I’d look at sales prices. They were all about 10-15% lower than the asking prices! So something is really happening after all.
