I have been looking a lot (although we probably won’t buy until next summer, depending on how things look) and there was a house that we really liked at 1687 Fisherman Drive, 92011. It was listed at $1,429,000 for just over 4000 sq ft & brand new construction on almost 1/2 acre lot. My realtor knew I really liked this house, and asked me straight out what was keeping me from making an offer. I told her that we thought prices were going to drop significantly, perhaps 30% over the next 12-24 months (she’d heard this from me before). She then asked why I didn’t make them an offer at 20% under asking, that “lots of people were doing that now”. We decided not to do so, and I am sad to see that the listing is off MLS as of this week. I assume an offer was accepted since it’s a new house and the builder is in close-out for that development. I’d be very curious to see what it went for. The listing agent told me the builder was very motivated.
As an aside, my realtor doesn’t think (or won’t admit) that the market is crashing. She says there was a needed correction, but that things are leveling out. Whatever!
