Should the houses be worth twice what they were in 1996?

[Coronita]

What about inflation?

[pemeliza]

“What areas are you seeing 2001 prices ?”

One area that is getting decimated that was holding up relatively well until now is the better streets in Mt. Helix. Here is one that is sitting on the market for under the 2001 price:

http://www.sdlookup.com/MLS-100006632-4512_Bird_Of_Paradise_Ln_La_Mesa_CA_91941

This looks like a great deal but there good be something fundamentally wrong about the house I have not seen it. But that house is not alone and in general the area is probably close to 2001 price levels even for the best streets.

I’m also seeing examples in some of the best SD city area zip codes (Pt. Loma, Mission Hills, etc.) that are getting close to those price levels especially stuff in the higher end (> 900k). But there are other examples. Here is a row home that just closed for a few thousand over the 2002 price in 92103

http://www.sdlookup.com/Property-C194A990-3133_3rd_Ave_San_Diego_CA_92103

So far this spring I have seen no indication that the downward price trend has halted in these areas so 2001 nominal pricing definitely seems like a possibility.

[pemeliza]

“What areas are you seeing 2001 prices ?”

One area that is getting decimated that was holding up relatively well until now is the better streets in Mt. Helix. Here is one that is sitting on the market for under the 2001 price:

http://www.sdlookup.com/MLS-100006632-4512_Bird_Of_Paradise_Ln_La_Mesa_CA_91941

This looks like a great deal but there good be something fundamentally wrong about the house I have not seen it. But that house is not alone and in general the area is probably close to 2001 price levels even for the best streets.

I’m also seeing examples in some of the best SD city area zip codes (Pt. Loma, Mission Hills, etc.) that are getting close to those price levels especially stuff in the higher end (> 900k). But there are other examples. Here is a row home that just closed for a few thousand over the 2002 price in 92103

http://www.sdlookup.com/Property-C194A990-3133_3rd_Ave_San_Diego_CA_92103

So far this spring I have seen no indication that the downward price trend has halted in these areas so 2001 nominal pricing definitely seems like a possibility.

[pemeliza]

“What areas are you seeing 2001 prices ?”

One area that is getting decimated that was holding up relatively well until now is the better streets in Mt. Helix. Here is one that is sitting on the market for under the 2001 price:

http://www.sdlookup.com/MLS-100006632-4512_Bird_Of_Paradise_Ln_La_Mesa_CA_91941

This looks like a great deal but there good be something fundamentally wrong about the house I have not seen it. But that house is not alone and in general the area is probably close to 2001 price levels even for the best streets.

I’m also seeing examples in some of the best SD city area zip codes (Pt. Loma, Mission Hills, etc.) that are getting close to those price levels especially stuff in the higher end (> 900k). But there are other examples. Here is a row home that just closed for a few thousand over the 2002 price in 92103

http://www.sdlookup.com/Property-C194A990-3133_3rd_Ave_San_Diego_CA_92103

So far this spring I have seen no indication that the downward price trend has halted in these areas so 2001 nominal pricing definitely seems like a possibility.

[pemeliza]

“What areas are you seeing 2001 prices ?”

One area that is getting decimated that was holding up relatively well until now is the better streets in Mt. Helix. Here is one that is sitting on the market for under the 2001 price:

http://www.sdlookup.com/MLS-100006632-4512_Bird_Of_Paradise_Ln_La_Mesa_CA_91941

This looks like a great deal but there good be something fundamentally wrong about the house I have not seen it. But that house is not alone and in general the area is probably close to 2001 price levels even for the best streets.

I’m also seeing examples in some of the best SD city area zip codes (Pt. Loma, Mission Hills, etc.) that are getting close to those price levels especially stuff in the higher end (> 900k). But there are other examples. Here is a row home that just closed for a few thousand over the 2002 price in 92103

http://www.sdlookup.com/Property-C194A990-3133_3rd_Ave_San_Diego_CA_92103

So far this spring I have seen no indication that the downward price trend has halted in these areas so 2001 nominal pricing definitely seems like a possibility.

[pemeliza]

“What areas are you seeing 2001 prices ?”

One area that is getting decimated that was holding up relatively well until now is the better streets in Mt. Helix. Here is one that is sitting on the market for under the 2001 price:

http://www.sdlookup.com/MLS-100006632-4512_Bird_Of_Paradise_Ln_La_Mesa_CA_91941

This looks like a great deal but there good be something fundamentally wrong about the house I have not seen it. But that house is not alone and in general the area is probably close to 2001 price levels even for the best streets.

I’m also seeing examples in some of the best SD city area zip codes (Pt. Loma, Mission Hills, etc.) that are getting close to those price levels especially stuff in the higher end (> 900k). But there are other examples. Here is a row home that just closed for a few thousand over the 2002 price in 92103

http://www.sdlookup.com/Property-C194A990-3133_3rd_Ave_San_Diego_CA_92103

So far this spring I have seen no indication that the downward price trend has halted in these areas so 2001 nominal pricing definitely seems like a possibility.

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