[quote=davelj]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.
[/quote]
This is a great idea, but I think we would need to look at individual areas, as the county median is seriously skewed by the sheer volume of low-priced areas that many of us wouldn’t even consider (I wouldn’t look at 90% of SD when shopping for a home there). Use that same calculation on South Carlsbad, Encinitas, Carmel Valley, etc. and then I think we’ll have something.
