[quote=bearishgurl][quote=ltsdd][quote=livinincali]
I do think bg probably has a point. Just about half of clairemont’s properties are assessed at less than 200K. The average selling price price for a home in 92117 right now is 500K+ from what I can tell.
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Up until the late ’90s, most SFH in clairemont (3/2 or 4/2, 2-car garage) valued below $200K. I would say that 50% of the houses exchanged hands in a period of less than 20 years is quite significant.[/quote]
ltsdd, Prop 13 is over 37 years old, not 20 years old. And even houses in 92117 which are currently assessed at between $200K and $300K could have been purchased more than 20 years ago … especially those homes with permitted room additions or second stories.
20 years ago was 1995 and it cost more than $200K to buy many homes in 92117 in 1995, especially those homes located within the “Bay-Ho” subdivisions.[/quote]
