The price of any one particular house in Del Mar did not go down by 30% in the past year. You can’t use a small sample size in one zip code to gauge how prices have done in the past year.
If you don’t agree with me, you’re going to have to explain how condos in Del Mar went up 83% in the past year, SFRs in Poway went up 18%, and SFRs in Solana Beach went up 58%. I think Powayseller can concur that prices did not really go up in Poway in the past year. Those numbers are all off the same Dataquick chart.
I don’t think that median prices in one zip code over 12 months is even that accurate – there still isn’t a large enough sample size to be statistically accurate. Median prices for all of the SFRs in the County is really the only accurate statistic.
