[quote=AN]Resale staying flat between 1999-2005 might be because there were quite a few new construction around that time frame?[/quote]New construction also contributes to overall growth in the area, specifically going to my point about how this adds to the complexity in making comparisons. In the case of coastal, the older properties closer to central San Diego are still considered valuable. Witness Carmel Valley vs. Encinitas vs. Carlsbad.
