I am so glad I don't own a condo in downtown San Diego. But from the looks of things now is not the time to start buying. I'm guessing late 2011- early 2012 should be just about right. Yes, you are seeing that correctly, that is 20+ lockboxes in the Grande. All told 7.5% of the building is on sale (33/442) and that is a building that is less than 1/3 owner-occupied. If that isn't a bearish indicator . . . . :
Hat Tip: Jim the Realtor
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