[quote=sdrealtor]CAR
I beleive you are off, way off on both of your dates. Prices rose until 1990 and in 1999 I sold a property in 92024 for a price far beyond prior peak levels. It was sold at an average price for the area which substantiates prices recovering well before 2000. It was nothing special, just an average encinitas townhome.
update: Just did some poking around tax records. It looks like prices took a big jump starting in 1988 and through 1990 in 92024. Looks like they had recovered by late 96/early 97.[/quote]
Yes, I said above that it was close to the peak:
[quote=CA renter]Close enough. The peak of the last cycle in California was ~1989/1990, depending on the market.[/quote]
Prices rose in 92024 because there were a lot of changes in this zip — as you know, Leucadia didn’t go through and all the shopping centers you and I go to were not there in 1988, etc.
If you look at areas that didn’t have these significant changes, whether it’s in L.A., O.C., or S.D., you’ll see that 1989/1990 was the relative peak and that prices didn’t recover until 1998-2001 (which is why I said *about* 2000), depending on the location and other variables mentioned above.
