First; make sure you read the other thread on Del Cerro as it gives another perspective of the area.
Second; Del Cerro contains a wide variety depending upon where you are; the thread above has a focus on the top of the hill; you would need to specify where you are looking.
Third; staying with the top of the hill – currently mostly old stale inventory and in some cases terribly overpriced. What has been priced reasonably for its condition is in pending or sold and moves fairly quickly.
Fourth; most houses there built in late 60’s and early to mid 70’s ( except East side of hill – newer ). This means generally they need renovation of a substantial sort and many buyers in that price range don’t want the hassle or have the time and choose CV or such area North. Conversely creates some opportunities.
Fifth; like PL, MH, Ken, Del Cerro is pretty traditional neighborhood with lots of people been there for years and years, know it is a good place to raise a family and so on. So a significant percentage of the houses that come up are either estates or where people are down sizing.
Sixth; if you review carefully purchases 05 – early / mid 07 there were some stupid overpays, but aside from that this area was very stable pricewise .
