[quote=sdrealtor]CAR
I just ran comps for my Mom’s old home. Its in what is probably the best/nicest 55+ community in SD County. Fortunately I convinced her to sell about 4 years at close to the peak value. Its down almost 50% since then and at roughly what they paid in the late 80’s.[/quote]
Yep. I follow a few areas in Southern California (including some in LA County), and have been surprised by how low some of the prices have gone. It’s not that I think they should be higher, since we ARE in a major recession that will probably last many, many years (even if it’s not “officially” a recession), but the speed of the price declines in some areas has been pretty breathtaking.
