I’m sorry to hear that CAR but the bright side for you is that the short sales are now comps which should drive prices down.
I just saw this short sale close in my neighborhood for 50k below the 2001 price. Prices are definitely weak these days but this is the first time I saw something close that low in the sweet spot of the price range (mid 500’s) in north mission hills.
These short sales suggest we are back to 2000-2001 nominal pricing in some of the prime areas. It is hard to believe given where interest rates are now compared to back then. This is getting ugly.
p.s. It is interesting to note a similar home in north mission hills went for 750k two years ago and it was a REO.
