In the beginning of a downturn, there is always a “flight for quality” & the tendency to “dump the dumps”.
This is why the less desirable areas go down first. The more desirable areas only APPEAR to be “immune”. When, in reality, they are just lagging the less desirable areas.
If anything, people who want to buy into the more desirable areas have to wait longer for them to get to the “bottom”.
>> If you were to graph the pricing trends and put them up on
>> a map, I think you’d see the trends are progressing from
>> the outskirts to the center
This phenomenom is not unique to San Diego. For instance, in the greater SF Bay Area, the downturn encroach from Fresno/Merced to Valleyjo/Gilroy to South San Jose.
Similarly, in the greater LA area, it starts from the Inland Empire …
