Just in case anyone still thinks the coast is immune.
Bought 10/25/2005 for $3,050,000
Just closed at $1,760,000. That would be a 42% loss or $1,290,000 lost over three and a half years. It’s also below the 2001 price of $2,035,000! We haven’t seen much below 2001 pricing near the coast. Hopefully this will be the start of a new trend.
Note also, that this is on Hillside, a very nice part of La Jolla.
