You didn’t answer back about the north county scruffy…
If my neighbor sold for 2.5M in 2005, I sold for 2.05 in Dec 2006 and 2 new houses came on for 2,095,000 (with a bottom level of 1.8M for one of them) they will sell for sub 2M. If they sell. One is on for 8 months and started at 2.45M. They guy who thought he was going to get out quickly has 8 months of having people come through his house
The real estate company in the area said that it is dead. They had to lease their offices out. They had built out for 15 agents, they are down to 1 full time and 2 part time. They are personally in financial trouble.
A new group of 4 houses which were in the 2M+ are now down to 1.75M and no takers… They just dropped another 100K. Guess hype isn’t talking about San Diego… Glad I bailed when i could!
