“In many cases we are back to late 2003 prices????”

sdrealtor – you are certifiably nuts.

There are some properties that are at their 2004 levels – mainly condo conversions and some newer tracts, but the great, great, great majority of properties in San Diego have values well above their sale prices in 2004.

I have recently seen some, (not a lot, but some), properties that are worth more today than they were in early to mid 2005. I have seen some properties that sold in early 2005, that have resold recently at higher prices. Granted, almost all areas are currently in at least a slight amount of decline, and nobody really knows how low they will go until the market stabilizes, but to make a blnaket statement that right now we are at 2004 prices is just plain incorrect.