[quote=sdrealtor]I think you are seeing noise between 98 and 99 as prices were defintely on the upswing back then all over SD county. Could be a nicer lot or more upgraded home. From 1997 to 1999 prices went up roughly 10% per year. That picked up in 2000 and started going parabolic sometime in 2002 to 2003.[/quote]
The place sold in 2000 is in a worse lot. The place in 1998 is a view lot while the 2000 comp is not. I don’t know about condition of the house, so I can’t comment on that (but if I have to guess, I would say there isn’t any upgrades in those 2 places, especially if they were sold in the late 90s). Based on your experience, what kind of premium does a view lot have over a non view lot (canyon view)?
If you say things went parabolic in 2002-2003, what about 2001? The 2001 comp is on the same side of the street as the 2000 comp and price went up 44%. The 2003 comp is also on the same side as those 2 other comps and it was 38% higher than the 2001 comp. So, did it went parabolic in 2001 and start to taper off by 2003 (44% up in 1 year vs 38% up in the next 2 years)?
