[quote=sdrealtor]probably too big and more than you would want to spend. Price is a little less than double the 1988 nominal price. 1990 price of model match on street was $200K++ more so it wasnt sold at peak in 1988. In 1995/96 model matche sales were well above 1988 price. 1999 sale on same street for same model was over $850K.[/quote]
If it sold for more in 1995/1996 than it did in 1989, there were factors other than standard “inflation” at play (more desirable/unusual surge in demand, new local employer (paying high wages), demographic shifts, new/improved infrastructure, etc.). The fact that it was new in 1988 might have meant that the area became more accessible or desirable as we moved into the mid-90s, so the pricing trend for that micro-market might have been different than the overall housing market.
For older, existing homes that didn’t see any unusual changes, the peak was 1989-ish, and didn’t recover those prices until around 2000.
