3000 houses/condos worth less than 200k in Clairemont in 2005?

I can see how a 1br 500 sq ft condo could be worth that much, but are there so many 1br condos in that area?

Right now realestate.yahoo.com is showing 164 houses/condos for sale in 92117, 83 above 500k, 24 above 700k.