Its just a general recognition in the areas that I have sold lisitngs like Temecula, Aliso Viejo, Carlsbad/Encinitas, RB, PQ, North Park, Oceanside, Carmel Valley etc. It was probably an overly broad statement fueled by a glass of wine or four but the general point is that prices are in a lot of areas than they were last year and a 10 to 15% decline wouldnt be a big deal or dramatically new territory in this cycle.
BTW, Clairemont seem sot have continued down from last year as far as I can tell for whatever reason. At least the houses selling for $400K this year seem much nicer than last year.
