[quote](prices seem to be about 50% higher nominally since 1999)[/quote]

But they aren’t. If they were only 50% higher nominally since 1999, that wouldn’t be too much out of the ordinary. They are about 80% higher, sometimes more.

This one is up 80% since mid-2001:

http://www.sdlookup.com/MLS-090050641-523_Cornish_Encinitas_CA_92024

This one is up 80% since 1999:

http://www.sdlookup.com/MLS-090066780-2325_Camino_Robledo_Carlsbad_CA_92009

This one, as well:

http://www.sdlookup.com/MLS-090037458-2511_Unicornio_St_Carlsbad_CA_92009

This one is up 130%:

http://www.sdlookup.com/MLS-090063110-1750_Hygeia_Ave_Encinitas_CA_92024