FWIW I dont see them rising either. Looking at the market today in CV I see a bunch of folks trying to push prices to the next level unsuccessfully. If they would just be happy with what others got last month most would be in escrow.
Right now prices in Carmel Valley are back to late 2007/early 2008 levels. Those paying attention will remember that was right after the first big leg down in between Spring and Fall of 2007. They have recovered to those levels but still have some work to do in order to get back to 2004/2005 peak levels.
