John
Just curious as to how you developed your price brackets? It would seem to me that the price brackets should be different for every ZIP Code. For example, the basic Starter Home bracket in Encinitas/South Carlsbad is probably $700K and below while that same bracket in San Marcos is probably $600K and below. The next bracket in Encinitas/South carlsbad would likely be $700K to $850K while in San Marcos its probably $600K to somewhere between $700K.
If you are comparing the same brackets across different ZIP’s arent you comparing apples and oranges as it falsely would make a higher priced market look more healthy than a lower priced market. For example, in Encinitas/South Carlsbad $750K gets you a roughly 2000 sq ft 20 year old home in need of major updating while in SM it gets you a brand new 3500 sq ft home with all the bells and whistles. Any clarification as to how you adjust for this in your analysis?
