We moved to SEH from La Jolla 9 months ago and love it. I was apprehensive due to all of the negative comments. We decided to rent thanks to all of the great bloggers out there. The schools are amazing, people are friendly, sunsets are gorgeous, and you still get a nice ocean breeze without May Grey or June Gloom.
I disagree with sdrealtor that SEH has bottomed out.
First drive around and look at the yards or go on realtytrac.com to see all of the NOT’s/NOD’s. Not to mention I meet someone just about everyday that is going to have to default or already has. They are hanging out at the pool or packing up the Uhaul.
Back in the day OCrenter had a govt. map that displayed by zipcode where the largest concentration of Alt A/Subprime/Option arm loans existed and SEH was one of the top in the county if not country. It was a dark shade of red. I think SEH has 6-12 months if not more before you will see a bottom. At the rate this place is dropping…that can mean $50,000-$100,000 in a condo.