Re. Encinitas: I agree with both SD Realtor and sdrealtor. I think that unemployment is going to get a lot higher in CA and that the foreclosures will continue to grow but Encinitas is likely to be an area that will not suffer as badly as others. I’m guessing 30%-40% drops from peak prices in the Encinitas area while many other areas will see 50%+ drops. I guess we’ll just have to wait and see where this goes over the next 4-5 years.
