Saturday, April 28, 2007

Slippery Slope in SD County

Latest data is definately pointing towards a downward trend in the county, however some areas have been hit harder than others. New SFR and condos prices in North County have dropped at least 25% from last year. This will spread all over the county and eventually to Orange, LA and Ventura Counties, just like the late 1980's and early 1990's.

$100K+ loss in Carlsbad

3580 Gorge Pl
Carlsbad, CA 92010

Facing a potential $100K + loss in 20 months is only fair when you are foolish enough to buy at the top of the market but rest assured you will not be the only one.

A flippers worst nightmare.....$500K Loss

3026 Don Rolando
Escondido, CA 92025

$500K hit in 14 months, enough said. Let this be a lesson to you greedy flippers still holding on for a miracle.