The weakness always starts with inferior properties and areas. But it doesn’t spread the same way to the premium properties or area. For example parts of Oceanside and Vista got hit close to 50% but our hood never really went down much more than 25%. In our hood some inferior properties got hit a little harder but the premium ones got hit less. When a market is Red Hot and inventory very limited buyers look past the flaws of an inferior property but once the market turns they get hit harder. If you have one you want to sell it in a raging hot market and the corollary is to buy a property like that in a down market.
I think the window to sell that one at top of market is past but others like Serbal will still do well
