And yet the Bay Area has not really deflated like most areas of So Cal. Of course, I would not really consider Guerneville the Bay Area – back in the mid 1990’s Guerneville was basically flooded out by the Russian River.
To answer your question, I bought my house in 2003 and had a quick valuation done a year later and the value had gone up dramatically – that’s when I knew something was not right.
