I am watching Hillcrest/Bankers hill condos pretty closely as well. It seems that the sub 1000 sq ft are getting clobbered. I’d say over 50% of the sub 1000 are listing at a loss. I’ve seen many 50-100K losses off of peak.
Also if you notice the the inventory is probably close to 15 months if you count all the newly developed that they are not listing. Plus Deca which is schedualed to be finnished in sept I with another 187 units. Ughh… It’s ugly.
Interesting watching all the bank owned undercut peak buyers that are trying to sell at what they bought it for.
I see a fundementals approching quickly as well maybe less than 12 months.
