“I doubt anything sold for anywhere near that amount in Bird Rock in the mid-90’s trough. Too low. I was perusing homes in the area during that time frame in the $400-500K range – 3/2, less than 2000 sq. ft., modest and in need of some sprucing up. I don’t doubt that some fixers sold for under $400K.”
I thought about that and decided I’d look some numbers up. The $165k was clearly too low, but I didn’t remember a lot of $500k sales during that time frame.
Public records currently list 67 properties in the 1200-2000 SqFt category that sold the Bird Rock area between 01/1993 and 01/1997. Of the 67, 5 of them sold above $500,000; 11 of them sold between $400,000 – 500,000; and 36 of them sold between $300,000 to $400,000; and 13 of them sold for less than $300,000.
By my count, more Bird Rock area properties sold between $300k – $400k than all other price ranges combined.
I tried to parse it a little further to pin it down, but I kept coming up with roughly 50/50 distribution all through the 300-400 range. That indicates to me that the median is probably at or close to $350k.
