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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: 8bits who wrote (69460)12/26/2006 11:01:07 PM
From: Lizzie TudorRead Replies (1) of 306849
 
don't you think you are seeing strength in the low end pricepoints for close-in areas in the bay area? Thats pretty consistent with other RE cycles in the down period is it not? Where the low end held the best.

I think anybody trying to sell a 2 million dollar home, anywhere in the bay area is hurting now, even if it is in Hillsborough. But if you've got a $650K or $750K close-in house in a desirable area.... its holding.

My friend bought on the cusp of the break in price points, I think. She paid 810... but the owner once wanted over 900 for sure, and the house was listed in the summer which meant 900+ was not the peak price.

BTW have you looked into buying in East Palo Alto, that has got to turn and there are even more drug dealers than your place! Better prices too I think. I went to Ikea tonight there.
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