It is not a big surprise that San Diego is amongst the top 10 worst real estate markets. Just look at the new homes currently sold in “Stonebridge”. There are a lot of foreclosures and the new homes are sitting without buyers. Despite the slow market the builders have not be willing to lower the prices to a reasonable level which would be around $200 per sqft. As long as there is such a surplus of preexisting homes the new homes will not be sold.
