Lots more inventory in one of the “better” parts of 92116 (north of Adams) but prices still out of line with reality. Sales sloooooow (but still happening).
But the real disasters in 92116 are all the condo conversions… the one at Suncrest should practically have its own page on Foreclosure.com, and all of the new south of Adams ones are well-represented, sometimes multiple units with the same owner. El Cajon = The Boulevard (of broken dreams).
The one ray of hope for these neighborhoods is that with a bit more of a drop, many homes will be priced within the GSE confirming loan limit for those with a down payment. (That’s what goes for hope these days!)
