There you again again CAR with the hyperbole. I sold a townhouse in Encinitas in 1999 for $240K and its worth no more than than $400K today. In fact at the absolute peak it may have sold for $550K with a lucky sale. Please show me one property in NCC that sold for $200K in 2000 that is worth anything close to even you proposed low offer of $650K. Of course we both know that doesnt exist. Properties that sold for $200k in 1997 arent over 600K today, not even close. Price anchoring to 2000 prices is illusory at best.
OK, here’s a perfect example.2807 Sombrosa currently listed for $637,500 and previous sale was in 2000 for $369,000.
