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May 11, 2015 at 10:53 AM #786108
an
Participant

I did some more digging into the bay area. I think the bay area have detached itself in the last 20 years. There’s some detachment of Cupertino as well. But this data shows that bay area wasn’t always crazy priced. Here’s some examples:

Millbrae: https://www.redfin.com/CA/Millbrae/1253-Lake-St-94030/home/1246917
1996: $638,000
2015: $2.9M

Cupertino: http://www.zillow.com/homedetails/20615-Rodrigues-Ave-Cupertino-CA-95014/19634856_zpid/
1996: $371k
2015: $2.8M

Poway: http://www.sdlookup.com/MLS-150000379-13957_Pequot_Poway_CA_92064
1996: $525k
2015: $1.1M

Carmel Valley: http://www.sdlookup.com/MLS-150023820-4915_Riding_Ridge_Rd_San_Diego_CA_92130
1996: $350k
2015: $1.1M

Sorrento Valley: http://www.sdlookup.com/MLS-150023146-5623_Glenstone_Way_San_Diego_CA_92121
1996: $313k
2015: ~850k

Some very interesting data IMHO from the last 20 years. I wonder where we go from here.

Will Cupertino and CV continue their trajectory? If so, 20 years from now the Cupertino house would be ~$21M and the Carmel Valley house would be ~$3.4M. My opinion of the bay would be very different in 1996 than it is today.