[quote=zk]You’re not going to find anything in CV at 2001 prices. Not now, not ever. Carmel Valley single family homes, at best (lowest), are at late 2003 levels. Which are a solid 50% higher than 2001 prices. While real values in CV have a slight chance of dropping 50% at some point, nominal prices will never approach 2001 levels.[/quote]
Math check: If today’s prices are 50% higher than 2001 prices, then prices would only have to drop 34%, not 50% to be below 2001 prices.
