Maybe a dead cat bounce, but I’m seeing other “upscale developments” experiencing the same things in North County Coastal.
Same with resale in closed out newer developments. Listings/Pendings were 10/1 last summer in my newer development. Currently 2/1. Many sellers have given up and will wait it out. Loan resets, defaults, etc are for subprime borrowers and subprime properties and those areas will feel it more than the move up areas where buyers brought their equity with them.
