There seems to be a lull in the market this week. I think people are (understandably) listening to national news reports, so they have pulled back for a short period of time. We are such an exclusive market, and continue to appeal to locals, second home buyers, and Silicon Valley expatriates, who want to live here for all the obvious reasons that make our community so attractive. This has happened repeatedly these past four years, but the buyers regain confidence (as best they can in these tough times) and come back into the market. This is a reason our volume numbers remain even, and prices seem to be holding steady for now, or in some months just single digit depreciation year over year. I know it's an optimistic projection, but I'm working with a number of people, so my comments are based on their attitudes and outlook.
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