I get your point but it is impossible to assess a specific “value” to certain amentities or features. One mans ocean view may not be desirable to Stevie Wonder especially at a certain price. When assessing a market as large as San Diego some generalities must come into play unless one wants to take their analysis to the neighborhood level.
As for my comment that “all properties in San diego will sell at some price in one day”, If all homes were priced at one dollar, they would all sell because I would buy all inventory today. Most properties in San Diego would probably sell for 250K within a short period of time. The key for each seller is to find that price point where they are maximizing a price that is acceptable to a buyer within the time frame that they want to sell. So price is the key assuming interest rates remain relatively stable. If interest rates move up or down significantly (or lender down payment reqs. or underwriting guidelines become more stringent) then prices must adjust accordingly. Therefore, properties that are priced correctly will sell. I hope that clarifies.
