All good points too and examples of why these published stats are to be taken with a grain of salt. To really understand one needs to look at like for like sales.
Like this
In first 4 months of 2020 there were 3 sales of 2/2 900 sq ft model in the Plaza on Diamond St in PB. They were 470K, 495K and 495K.
This year those same months there is one sale at 615K. It was listed at 640K and sat on market for 3 months so price was fully vetted by market. I know I could find plenty of examples just like that all over PB nowhere close to 92% increase. PB is somewhere that has had lots of beach flips and teardown new builds
I do this for a living and follow things closely. No matter what anyone chooses to write about the highest appreciation I have seen is along the North County Coast and in RB/4S area where its also easiest to prove with tract homes that sell like for like.
Or if you want to choose a condo there’s one about to close in La Costa near a family member. Two years ago similar unit sold for 430. Six months ago 520K. Now 750K. Thats 75% in 2 years and 45% in 6 months. Like for like
