Granted, there will be some variance at any given time. May I ask if both of those 2004 sales occur in the same quarter the way I’ve been referencing it or are you using the broader term of the entire year on your own?
My preferred method of comparing the effects of the different time periods is to use paired sales of the same property that sold during both time periods. Of course, that only works when I can find those examples. Another way to do it is to compare like for like during the different time periods – obviously that’s not as reliable as actual paired sales but much easier to identify and compile. I can largely make up for the lack of specificity by using a lot more data.
If you want, I can easily look up the original MLS listings for both your high and low sales and figure out where they’d each have been at peak as well as today. Neither one of them would tell the whole story, but they probably would both point in the same general direction.
Would you care to volunteer the 2 sales in question? Actually, I only need one of them – I can find the other one on my own.
