I seriously doubt canyon homes in Clairemont will reach 400K. Livable canyon homes were not easy to find even at 650K during the crazy time in 2004.
That’s a 40% reduction on nice homes in a decent, central location. I don’t think it’ll happen. I think your 20% range is a better guess and you’ll look to spend $525 to $600K for larger canyon lots.
I continue to be surprised at the stickiness of Mt. Street homes.
I saw a foreclosed home sell, get fixed up, and go back on the market last month. The flippers still haven’t left Clairemont.
