pemeliza wrote:AN, certain

[an]

[quote=pemeliza]AN, certain areas did appreciate faster since 1986 than others. Look at La Jolla for a striking example.[/quote]
I don’t doubt that there’s a possibility of certain areas appreciating faster than other over the last 25 years. But, my question is, why? What is it about those areas that changed their premium vs others?

BTW, funny that you mentioned La Jolla. That got me starting to look at La Jolla and this is what I found:

http://www.sdlookup.com/MLS-100071045-6559_Caminito_Blythefield_La_Jolla_CA_92037
Sold in 1991 for $767k, listing now for $800k.

http://www.sdlookup.com/MLS-100026686-5735_Caminito_Pulsera_La_Jolla_CA_92037
Sold in 02/12/1988 for $339,990, listing now for $879k.

http://www.sdlookup.com/MLS-100035825-1934_Caminito_El_Canario_La_Jolla_CA_92037
Sold in 10/31/1986 for $335,000, listing now for $1.05M. This one sold for (2.5x the house in MM and 92103 I was comparing it with in 1986), yet, now, it’s only ~1.5-2x more expensive than the MM and 92103 house).