[quote=sdcellar]jpinpb– Exactly. You won’t hear me suggest San Diego hasn’t been expensive relative to rest of the country for at least as long as I’ve lived here (1978), but that wasn’t my point.
I was talking about this area relative to itself. Hell, this property relative to itself. It was $237 sq/ft. in 2000. By 2004 (a supposedly frothy time in the market, so I’ve been told), it was $502. And if it sells for what everybody seems to think FMV is, it’ll be $558.[/quote]
That’s right.
I sold one a few blocks from their in 2007.
It has gain significantly since then.
Supply and demand vary significantly by neighborhood.
A cute, turn-key cottage off Juniper is not common and huge amount of people want them.
The 500/sf range is relatively normal for that type of product.
At a broader level, I really see this as a national trend of cities becoming safer, more affluent, and more en vogue as time goes on.
15 years ago, Hillcrest was the only urban neighborhood widely seen as middle-class and safe in San Diego.
Now I have schoolteachers trying to buy in Sherman Heights.
