I’m still hanging on to my guess that superior homes will keep their value better, and I’ll give you a recent example.
I sold a 3,911sf one-story view house in La Costa Oaks, currently pending at $1.3, when the buyer could have walked across the street and bought a 4,714sf two-story REO with no view for $979,900.
Will it last? I think the buyers will keep holding out for the best houses, and step up and buy them – for more money, if needed. The goal for buyers is to get the extras for free, when and where you can.
