Yes it simply the means cut from Sandicor. Also the lag time in short sales is an important factor.
In fact in order to prove how correct you are when we look at the current ACTIVE listings in 92126 between 1300 and 1500 sf we see that things are SERIOUSLY screwed.
Current Actives = 10
Current Listing List Price Average = 402.
Current Pendings = 24
Current List Price Average = 348.
Current Contingents = 12
Current List Price Average = 332.
So suffice it to say that the area has already bounced and is continuing.
