[quote=pepsi]CV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest. [/quote]
Something very special to CV:
1) Only Pardee building new homes there and Pardee bought the land in dirty cheap price, so it’s very reluctant for Pardee to drop the price unless the floorplan issue (like Carriage Run plan1) or location issue (like Bridle Ridge);
2) The biggest employer in San Diego runs very good in these years, and it recruited thousands of people from outside of San Diego. So the strong demand for close-by and good school district housing exists all over the north county especially CV because it’s close to SV;
