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Its all over the board around here. I just sold a condo for $20k over comps in one day. 2 friends with a condo and high-end house are having no luck at all. Buyers are looking for realistically priced properties, because there is so much inventory. Gone are the days of tacking $50k on the price, just because you can Well, at least for now.
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I agree with Motion things are all over the board, some areas are doing better than others. There is so much inventory of cookie cutter track homes next to nothing of intrest. I know some people in Ladera ranch who had to enter a lottery to get dibs on a new home, now the additional phases are unable to sell. The market is slowing but homes are selling, many prices are dipping back to last year but for most that means little since prices have risen for the past couple years. The beaches are still hot, the reason is location and climate. Just come to the beach on a hot day and you will see why; thousands of people drive many miles to the coast to be in cooler weather. For those of you inland I would be a little worried.
What's happening in my hood:
House 2 years agao 500K
House 2 months ago 850K-1M
House today 750K-950K