I’m skeptical as well. It seemed that the higher end homes were skyrocketing in dollar terms, meaning that everything was going up say 50%. The 800K home would go to 1.2M, whereas the 500K went up to 750K. I was looking at Santaluz (OK, just for 5 seconds!) in 2002 and noticed that homes were 2500SF singe story I believe and were going for upper 700, low 800 with a model sold for 924K. I gasped at the 924K, felt a sudden sharp pain as if I had just lost my life savings and 401K. Maybe bugs or sdrealtor can check on the Santaluz properties now. I think they are in the 1.2M range.
