I’ve lived in PB for about 15 years, and I’ve driven by the house discussed in this thread many times on the way up/down Mt. Soledad… I wouldn’t even consider that location to really be PB. It is a very funky location, and I am not surprised it has fallen so much. As for falling home prices in PB in general, I just cannot imagine prices in PB ever coming down to $350 or $400k for anything anyone would want to live in or anything in a good location. So far, the single family homes are holding value in the better PB areas. I own a condo in PB and would love to buy a house there, but the prices that people are willing and apparently able to pay are staying very high.
