What you are seeing is a foreclosure. House went on the market at $1,299,900 and sold in less than 1 week. This example proves the opposite of what you stated.

It sold 30% below the foreclosure list price you posted, which as the thread points out is also lower than the 2002 pric… And what are you saying this doesn’t show? Did the house sneek by the millions of San Diegans dying to buy in Del Mar? Is there so little inventory that no one even tries??? I’m trying hard to get what you’re saying… is this just a transfer to the bank? Please elaborate..