Depends on the area and especially depends on the price range. I can show you a few areas in the county where the prices have increased by almost 50% since 2004. They’ve got a looong ways to go before they retreat back to those prices.
What determined if prices are back to 2004 level, or 50% higher? Those that are 50% higher, are they falling now too or still rising? I’m also wondering if you found out anything about an “API premium” for Poway sales. Is the perception of better schools increasing the prices or shortening DOM?
My guess is the highly desireable coastal areas are higher than the remote areas.
House prices in some areas (my old neighborhood in UTC) are just a hair above *2003* prices, when we sold. Looking at some of the obvious flipper houses online, it is entirely possible that a lowball offer would put us back in at the same price or maybe lower — which is still ridiculously high for a 3br 70s era, uninsulated, washer-and-dryer-in-the-kitchen crackerbox.
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