I don’t buy your numbers.
First, the market peaked in 2005 by some measures (depending upon area). Some analysts put the peak in early 2006. But you say you sold in November of 2005 and it continued to go up by $700k? No way, no how. More likely you nailed the peak–give yourself credit for timing.
Your other numbers don’t make sense either. How can you be negative $400k from staying put? And please tell us what neighborhood peaked in “mid-late 2007?