The prices have really dropped out here for an existing home. The remaining builders are still asking in my opinion pretty high prices. You can walk around the corner though and pick up a near new house for quite a bit less. We purchased a new home in Scripps Preserve, April 2009, and are really pleased. There are some good homes for sale under a million dollars. There is no reason to pay more. I have noticed within the last month more people driving through the area and at the sales offices, Montoro & Tiburon.
Localguy