The MLS reports that there were 32 sales of LJ homes in the 1700-2500 SqFt ranges with some ocean views that sold in 2001. Of those, almost half sold below $800,000.
BTW, 32 sales doesn’t sound like very many until you consider that the MLS only reports 348 sales altogether for 92037 in 2001. 193 of the total 348 sold for less than $1,000,000; and 122 of the total sold for less than $800,000.
Obviously, some of these homes were better than others, but I daresay that at least a few of those sales would qualify as “nice homes” by most people’s standards.
In my opinion and based on what’s already been happening, the “nice 2000 SqFt home with some view for under $1,000,000” is a certainty.
