>>>Still lots of knife catchers. I’d wait at least a year on areas like Del Cerro. Don’t impatient. We have nowhere to go but down.>>>
I think you’re right. If you look at the listed “high-end” properties there, they can’t seem to find the market. Just about all of them have been on the market for over 100 days without any interest. Who will be the first to give in?
Do you think all those people who have listed their homes for sale are just hoping to get lucky and get a “wish” price for their home and if not they stay put? If you compare these $1m properties to others in San Diego, they haven’t gone down.
There are so many better bargains out there, but I have to hand it to these people who have remained firm with their price. Maybe they are colluding to create an illusion that Del Cerro is immune to the reality of the San Diego real estate downturn.
