SDC
You are welecome. There are plenty of sales just not the kind we need to prove the drop. Most of the sales are original owners selling homes built in the few years. This greatly understates their purchase price because the homes were generally purched 6 to 12 months prior to occupancy vs. typical resales which average 30 to 60 day escrows. In a rapidly rising market many of these homes had appreciated significantly before the original owner moved in. They also dont include the move in costs associated with painting, landscaping, hardscaping, window treatments etc which can easily total $50 to 100K. Even more for high end homes.
