Point taken Bugs. I am getting my comps off of Zillow so I did not know about 1811…its right next door and has the same square footage…so yes, it is a good comp.

I just don’t see these prices as sustainable…especially in this area, and after looking at comps in mid/late 2006, it is clear that there is some pretty good negative momentum in this area (and all of SD). I imagine that these homes could easily be going for mid/high 400’s at this time next year. But Americans aren’t known for being patient…