[quote=bearishgurl]To each his own . . . you still appear to be “fixated” on the notion that current average sales prices should reflect certain (arbitrary) years’ average sold comparables in EVERY area and it just isn’t so and will never be so. SD County housing stock is too diverse and each of its areas’ is “desirable” to certain subsets of buyers and owners spend a LOT more $$ rehabbing properties in historically “desirable” areas. [/quote]
Not current average sales price. I’m talking about how much a particular house would sell for in the past. You can think of it like an invoice and MRSP price for a car. If a car is hot, you’d be lucky if you get MRSP. If a car is not, you can get below invoice. For a car that’s hot, getting MSRP might make you think you got a good deal, but in reality, you didn’t.

Now, if an area has changed w/in the last 10 years, then its historical price wouldn’t matter. I don’t think Point Loma has changed over the last 10-11 years. So, it’s as desirable today as it was 10-11 years ago. Buyers with lots of cash today does what buyers with lots of cash did 10-11 years ago.

[quote=bearishgurl]Buyers with a lot of cash often gravitate to areas which will afford them more privacy, convenience and views (read: “custom” homes on larger-than-std lots). This type of privacy usually can’t be found in a typical tract development.[/quote]
Funny you said this in the same thread as praising the Plum house and dissing the Del Mar house I posted. The PL house sits on a 5k sq-ft lot (i.e. no privacy), have no real view (at least not view from your backyard or from inside your house). While the DM house have both of those features. When I think of custom homes with privacy and view, I think of Rancho Santa Fe, not PL. Anything less than 2 acre isn’t that private. BTW, you forget good schools as well.