[quote=ireman]Actually, SFH prices in CV have been and are continuing to hold up well. Condo/townhome prices are where the beating is taking place. My wife and I just sold 3BD/2.5BA TH in CV for ~$460K (comp peak pricing ~$530 in 2006). We still did fine as we had bought in 2000.[/quote]
AN, as ireman said, the ouch ouch was on the townhomes. I’d say “pinch” on SFH right now.
The ouch came because a few months ago, I was joking with my wife if we see low $400 or high $300 on a 3/3 townhome, we could buy it back in today’s dollar which would be considerably less than than yesterday’s dollars when the purchase was at low $300. She was laughing and saying “no way this was gonna happen”. Having showed her the one that closed at $430k, she wasn’t laughing anymore. Still waiting for these townhomes to fall under $400k. Using the 430k townhome that closed, that’s 34% from peak. ouch.
