[quote=davelj][quote=CA renter]
Either way, davelj brought up a good point, and I’m willing to say that housing prices here should be 23%+inflation from 1995 levels. Are we there yet? (I seriously don’t know.)[/quote]
I’m almost certain that the Professor has this information.[/quote]
Having said that, I’ll take a quick, crude stab at this. The median home price (sold) in SD County was $171,600 for all of 1995. In July 2010 the median home price in SD County was $332,000. 3% inflation between 1995 and 2010 would get you to $267,300. Add in that 23% premium and you get to $328,800, or about 1% below the actual median.
The main caveat is that there’s no adjustment for size or mix of houses sold in this analysis. And someone could probably come up with a more accurate inflation stat. Perhaps the Professor will fine tune this analysis.
