[quote=sdrealtor]There is a fundamental shift happening as to who lives up here. There was never a healthy $2M plus market here. Those folks just went other places until recently. Now homes routinely sell for $2 to 8M to out of area buyers. We have never seen that before up here.[/quote]
To me, this is the most interesting part of what you have been reporting about NCC. We’ve had 2+ million homes in La Jolla, Coronado, and Rancho Santa Fe, and even some in Mission Hills for a long time. But in the past I would occasionally look on Zillow at NCC and not see much above 2. More recently, I’ve seen a lot of 2+ million dollar homes. (And from what I see on zillow, they look pretty nice.) This doesn’t surprise me since I’m a firm believer that areas change, cycling up and down. (Kensington was a dump in the 60s and 70s from what I hear, but pretty nice in parts now.)
Additionally, be sure to note in that above article, the number one destination for people living in LA who want to relocate: San Diego. Maybe it’s just my biases, but I suspect they aren’t looking to move to El Cajon, but NCC.
