Isn’t the common wisdom around here that the deflation has just begun? You’re still in a hugely inflated market, therefore, it isn’t too surprising that the prices are just a bit below where they were two years ago. Good for you for selling at the peak — not the absolute top of the peak, but close enough.
Also, it’s obvious that some places are going to retain their value better than others, either with a slower rate of decline or less decline overall. The best and most desirable areas should fit that bill.
Pricing to sell is important. You probably did that.
And finally, all of the discussion about bubbles, etc., is about averages. People still overpay for real estate every day. You didn’t provide any information, but maybe you just got lucky.
