The Rancho Penaquitos market is as hot as duing the bubble mania the difference of course are the prices. Even at the highest price ranges there are only four months of inventory.
This market should remain exceptionally strong... at least until the end of April. Then, without the homebuyer tax credit, we are likely to see a reduction in the number of buyers. Unfortunately, we will not see that reaction in these charts as they are more of a lagging indicator.
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