SD Market is showing a perfect Bell curve (will return to $200/sf)
Based on current trends and DATA will bottom out at $200 – 250 sq ft
Quarterly sales graph shows that sales have really slowed down – the best quarter of 2006 barely reached the worst quarter of previous years. Prices adjusted down and sales are slowing-more bad news ahead
Hope this DATA helps…..Fall 2007 is going to get real ugly, although I’m guessing the bottom will be somewhere in late 2008.