When I looked at that this morning I thought those spikes on the graph should be tossed. How many houses can be had in La Jolla with a 340k per million discount from prices a few months ago?
A month or two back the Union Trib pointed out that Jamul was the one of the biggest depreciating markets in the county. The inventory there has one of the broadest price ranges in the county.Month to month price comparision data is all over the place to the point of being worthless. Even with a terrible pending/listing ratio actual number of sales have been pretty consistent with exception of a spike in 2003/2004.What does that mean? I am thinking it is just too easy to cherry pick information for “proving” upside or downside arguments, intentionally or unintentionally.
