Really all I can compare it to is my experience of the ’90’s. I mean, Carmel Valley was not less desirable back then. Yet I had my place listed for a year w/no offers. Explain that. It was bottom. There was no question. I mean, I didn’t even get a lowball. That house was fairly new. I mean back in the ’90’s, much of Carmel Valley was new.
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This is what you said a few post earlier:
[quote=jpinpb]When I tried to sell my house in the early ’90’s in Carmel Valley, I had it listed for the same price I bought it just a few years earlier. No offers for a year!![/quote]
So, if you tried to sell in 1996, but listed it at 1992-1993 price, of course you won’t get any offer. Just like those houses that are listing at 2005-6 price today. Just because the market is at the bottom doesn’t mean that you’ll get an offer if you list it for higher than what the market can bare.
