“Time to List Price Declines. Perhaps, if we all start listing price drops, than others will see what is happening. It shouldn’t be too difficult over the next few months.
I have figured a way to easily value both the land and the house, then assign them a numerical value relating to price.
I don’t know about your area, but vast swaths of San Diego are covered in tract home developments, townhomes and condos. With respect to these neighborhoods, simply plotting the sales prices of like models/floorplans/etc. should tell the story. I would imagine that anyone who has identified particular communities they are interested in would be following the sales figures very closely. I’m actually surprised to not see more posts here that simply lay out the history of sales prices for like models/floorplans/etc. Folks can chrystal-ball gaze until their eyes fall out of their heads, but there is no arguing what the sales numbers show.
