[quote=sdcellar]
btw, what places in MM were going for $700-$750 and are now $500-$550? You obviously know the area better, but doesn’t seem like it dropped quite that much. I’m guessing this is the Calle Cristobal area?
Also, as sdrealtor seems to be pointing out, need to be careful comparing short/distressed sales to normal ones. Certainly the best deals are coming from the former.
Well, I guess he’s actually pointing out that people paid too much for weird crap during the bubble, which absolutely makes sense, but some of the examples you’re pointing out are distressed on the resale end and I’ll still stick with those are going to be better deals in general (although none of these except Seeman where anything approaching a “deal”).[/quote]
Yes, I’m referring to houses north of Calle Cristobal. They went for 700-750k. They’re now going for 500-550k. Houses south of Calle Cristobal that went for $650-700k are now between 450-500k.
I understand the difference between distress vs normal sale. But if you want a deal, you have to stick w/ distress. You can’t expect a normal sale to be priced like a distress.
Deals are all relative. I don’t expect MM to get to the deal level as Chula or TV, just as I don’t expect NCC to get to the same drop as MM.
