I have relatives live in P.V. Nice and expensive area, with lots of old wealth people. Personally, I haven't seen prices fall that much yet.
When you refer to P.V., are you refering to
Rancho Palos Verdes,
Rolling Hills Estates,
Palos Verdes Estates,
or the unincorporated area (Miraleste/San Pedro Area).
(Yes, it matters. If you have the actual street name, I can probably tell you a little about the neighborhood).
I was actually kicking myself. Because when they were developing those homes near Donald Trump's new golf course, there was time when homes there were in the $2million range with real ocean views (I mean not San Diego definition of an ocean view in which is a sliver of ocean viewable from the bathroom. But end to end ocean view) and no one was buying (think it was 2003). I believe these homes are in the $4m+ now.
