I completely agree you on San

[permabear]

I completely agree you on San Diego Premier. But the numbers come from the MLS. Spin aside (eg, “things are awesome!”), the data is interesting.

In particular, the charts do show an potentially troubling disparity:

http://sandiegopremier.net/wp-content/uploads/2010/09/cv_chart.jpg

Each of the areas show reasonable sales/inventory < 1.5M, but then >1.5M it goes into years of inventory. In RSF, there is 5+ years of inventory.

Maybe this is how it has always been, but it has me wondering what will happen to prices if the guy with the 2M summer home decides “screw it, cut my losses” and drops it to 1.3M