Thanks for the update, Gary. I am glad for you that what you were hoping for is happening, and much more quickly than you expected.
I am hoping for soemthing similar up here in OC. It’s not moving as quickly as San Diego, but the last few months has seen some changes in the right direction. I’ve been tracking condos in Orange County. Like you, I set my sights low at first. Now that a few low-end condos are offered below my initial price threshold, I am setting my sights higher, again like you.
At first (a few months ago), I couldn’t find anything less than $200K. Now I routinely get a dozen or so, but they are still mostly in bad areas, or studios. Now I’ve raised my goal to a 2bdm with garage. There are several for less than $300K, but they are still only in bad areas.
I am very patient, and I hope to get a decent 2 bdrm with garage in a decent area before the market turns up again. We shall see. OC seems to be much more resilient than SD.
