We have looked at some houses in Escondido where the price is now 20% more than a model match that closed in march 05!! The condition is not nearly as good on the current listing. Did I miss the 20 %YOY appreciation figures somewhere? I can find nothing suggesting anything even close to this.
Other houses within the ‘appraisal’ area (bigger, higher quality) have closed in 06 for far less per sq.ft. The realtor told us and I quote “an appraiser will use $80 per sq.ft and size the house up or down accordingly” How is that possible when average price per sq.ft is in the high 200’s?
