Data point. About two years ago client sold 3/2 1/2 2200 sf rancher on 1/4 acre in Silly Valley for $3.3m. They had been in it about 35 years. At the time a house like that would have been around 850-900 here in Carlsbad. Today it would be 1.4ish here. Just checked and Zillow has their old house at $3.7 m. They spent less than half of their proceeds for home 50 years newer, nearly twice the size, on a similar size lot backing to a canyon with panoramic ocean views. That was pretty appealing
That says lots of headroom is possible. Who knows how much of that we’ll actually get?
