It went into escrow in less than 1 week and most likely will close above $1.3M.
For a minor point, 2002 & 2001 where 5 and 6 years ago.
Inflation from then to now puts the July 2001 sale at about $1.250M in current dollars and the October 2002 sales at about $1.285M in current dollars.
At $1.3M sale today, is basically a wash with inflation to the 2002 sale.
At $1.3M today, it represents about a less than 1% above inflation from 2001. At $1.4M represents about 2% above inflation from either 2001 or 2002.
Since most of SD showed 13% above inflation compounded returns, that Del Mar sale even at $1.4M is looking pretty anemic IMHO. Still, Del Mar is holding it’s double-plus from the bottom, we’ll see how many of the less desireable areas do.