I think you will be sorry if you pay $315K in Balboa Ridge. Condos in Clairemont are continuing to lose value. Townhomes in much better locations, like Balboa Terrace with ocean views for instance, are getting ready have closures sub $400K with more reductions to continue. Most of the sub $400K sfr’s are pretty beat but there should be a much better selection over the next few years. Clairemont is a pretty spotty area with alot of junkers but there are some better streets that are going to suffer along with everyone else. I would hold off for now and look at what happens this year. By the fall you should see some additional devaluation.
