jpinpb wrote:If I’m

[an]

[quote=jpinpb]If I’m understanding AN, it was the gap is greater now. I think that was the comparison. Maybe I misunderstood what the examples were illustrating.[/quote]
Yes, that’s exactly what I’m trying compare. I’m not saying that these areas attract the same buyers (i.e. buyers don’t usually cross shop these areas). However, the premium for each of these areas are all related.

Since BG stated that the reason by a huge price appreciation between MH and other areas in SD is due to the major rehab that was going on in the 80s, I decide to do some more investigating and compare premium of MH vs MM in the mid 90s instead of the mid 80s. This is what I come up with:

MH:
http://www.sdlookup.com/MLS-100064293-3665_Jackdaw_St_San_Diego_CA_92103
03/05/2008 $610,000 10y 7m 94% 6%
07/11/1997 $315,000 1y 10m 60% 28%
08/24/1995 $197,000 n/a – –

http://www.sdlookup.com/MLS-100053546-3775_Dana_Pl_San_Diego_CA_92103
10/02/1998 $262,500 7y 2m 20% 3%
07/11/1991 $219,500 6y 3m 74% 9%
03/27/1985 $126,500 n/a – –

http://www.sdlookup.com/MLS-100054217-2839_State_St_San_Diego_CA_92103
12/30/1998 $315,000 15y 2m 133% 6%
10/24/1983 $135,000 n/a – –

http://www.sdlookup.com/MLS-100063461-1860_Fort_Stockton_Dr_San_Diego_CA_92103
02/20/2002 $535,000 3y 6m 45% 11%
08/24/1998 $369,000 9y 2m 9% 1%
06/13/1989 $340,000 1y 10m 37% 18%
07/31/1987 $249,000 3y 2m 49% 13%
05/30/1984 $167,600 n/a – –

http://www.sdlookup.com/MLS-090042193-10444_Flanders_Cove_San_Diego_CA_92126
02/18/2010 $504,000 10y 2m 83% 6%
12/13/1999 $275,000 16y 2m 115% 5%
09/30/1983 $128,075 n/a – –

http://www.sdlookup.com/MLS-100047289-7666_Northrup_Pl_San_Diego_CA_92126
02/24/2005 $621,000 14y 10m 182% 7%
04/12/1990 $220,000 5y 5m 67% 10%
10/15/1984 $132,000 4m -4% -11%
06/04/1984 $138,000 5m 4% 8%
12/21/1983 $133,075 n/a – –

http://www.sdlookup.com/MLS-100045205-6646_Hollycrest_Ct_San_Diego_CA_92121
09/01/2004 $780,000 4y 9m 106% 16%
11/10/1999 $379,243 n/a – –

As you can see, the premium difference between 3775 Dana Pl and 10444 Flanders Cove is roughly the same both in mid 80s and late 90s with their sold price. The Flanders Cove was completely remodeled as well with all the modern amenities. Yet it closed for $504k. The Dana Pl property on the other hand is asking $729k. So, let me ask my question again, what has changed in MH since the late 90s that made it that much more desirable?