Wow, awesome analysis.. Do you think it’s possible that the peak in the May 2006 median might have had something to do with the $17,750,000 sale that closed on 6/22/2006, which also happens to be the 4th highest price point sale in la jolla recorded in the MLS. It also happens to be 50% higher than the next highest sale that year which closed in April 2006 for $11,750,000.
It’s called a blip, I think your data needs smoothing. After the countless threads here regarding reporting median prices, have you learned nothing? Median price analysis is even less meaningful in an area like la jolla where price points are all over the place.
Are you using this same level of expert analysis with your stock trades? Ouch.
