Tierrasanta (92124) SFR inventory is unusually LOW but condos, twnhms & PUDs are plentiful. Agent told me (3 weeks ago when I was down there) that it’s a little slow, buyers still in driver’s seat, but stuff IS selling, even expensive properties. I see very little, if any erosion in Tierrasanta SFR asking prices from 2005/6 …I think having such low inventory gives a floor support for prices.
Anyone else seeing this phenom in other SD areas? Will downturn be limited to overbuilt South Bay/Eastlake area?
Here in LA (Burbank) sales are a little soft but median price increases EVERY month. I’m amazed what people pay for crap here. Unlike SD, there is a severe housing and rental unit shortage in LA.
