Your stance is quite correct. Here is a good example of prices holding but not holding so to speak… Solana Beach entry level homes sit on the slope that faces the north. They enjoy a great view of the freeway and tones of noise. They have held firm in pricing for the most part but they are entry level. However other homes in Solana Beach have come down… some… not anything close to the % drops of less desireable areas but some.
Anyways, yes I agree no area is immune. Timing will be inreasingly variable and I don’t agree that % drops in desireable areas will match the % drop in not so desireable areas.
