[quote=sdrealtor]Seeing it also in NCC though its starting at higher levels than NLASDG indicated. Seems to be starting at prices between $1 and $2M. It might be happening above that also but I just dont watch that market as closely.
Its pretty much happening as we expected it would. The difference between this and the lower end is the volume is much smaller so even if the failure rate is fairly high, I dont know how much volume there is up there to push down on the mid-tier significantly.[/quote]
Wait SDR you just said this on “Surge in recent high end activity” topic dated 6/29/10
“Sorry to fly in the face of all the start of the next depression or leg down but I have been noticing alot of properties going pending on the higher end in NCC. By high end I mean from about 900K (i included those with prices between 890 and 900) and most are above $1M. In the month of June we have averaged more than 1 property a day going intop escrow. The count is 35 so far for June. 2 have closed already. 23 of them are $1M or more.
I hjavent seen activity like this since 2004. It is looking pretty hot around her for the good one that are priced at market.”
I am confused, is it foreclosures or a pretty hot market or just a hot market driven by foreclosures?
