sdrealtor, your comments piqued my interest. So I looked at some sales data. I concur with your observation that house prices went through the roof in 2004.
As an illustration, if you look at the houses on the west side of Camino Del Sur accross from Santa Luz, you’ll see that in 2003 they originally sold in the 500s and 2004 onwards they sold in the 700s and 800s.
The above neighborhood is a good example because it’s a new community so there wouldn’t have been major restoration jobs that would have skewed the data (unlike in more established neighborhoods).
