[sdrealtor]

Bear in mind that my house did not sell in either time period. If it did, it could have sold above or below the values i used based upon the skill of the agent in pricing the property, the sellers motivation and many other factos. However, the numbers I presented are very solid typical cases of what price levels were and are in my submarket. As it is, esmith’s data as well as the case shiller figures dramatically overstate bubble appreciation and understate bust depreciation thus far IMO>

People get too excited over some whizbang statistical analysis. There is just too much noise in the data. I dont trust any data points. Whenever, i look at a comp I always question the price. Sometimes people sold too cheap and sometimes they got lucky with a high price. Sometimes the data is entered improperly or there are incentives undislcosed. Sometimes agents get paid and sometimes there are fsbo sales. Nearly every data point has quirks of some regard. I prefer to dwell in the world of theoretical price levels that existed at a point in time and what they are currently. I find this to be a much more reliable indicator of what is really happening.

[sdrealtor]

My area is North County Coastal defined as Encinitas and South Carlsbad which effectively functions as one market. The Zip codes are 92024, 92009 and 92011.

My personal home is very representative of the market as I know it. Homes like mine were around 500K in late 2000. They hit a peak of around 950K. Realistically, it is probably somewhere between 825 and 850K today which puts it 70% above its 2000 price and down around 13% from the peak.

I believe most of the homes in this area would show similar stats. I dont trust any stats I have seen because I havent seen any which accurately porttray what has and is happening. The only way to really understand that is to look at a property or area through the eyes of a good realtor who truly understands values in that area. In my area I think I know them as well as anyone and can very accurately estimate what a specific house would have sold for in the past and what it would sell for now.

[sdrealtor]

My area is North County Coastal defined as Encinitas and South Carlsbad which effectively functions as one market. The Zip codes are 92024, 92009 and 92011.

My personal home is very representative of the market as I know it. Homes like mine were around 500K in late 2000. They hit a peak of around 950K. Realistically, it is probably somewhere between 825 and 850K today which puts it 70% above its 2000 price and down around 13% from the peak.

I believe most of the homes in this area would show similar stats. I dont trust any stats I have seen because I havent seen any which accurately porttray what has and is happening. The only way to really understand that is to look at a property or area through the eyes of a good realtor who truly understands values in that area. In my area I think I know them as well as anyone and can very accurately estimate what a specific house would have sold for in the past and what it would sell for now.

[sdrealtor]

My area is North County Coastal defined as Encinitas and South Carlsbad which effectively functions as one market. The Zip codes are 92024, 92009 and 92011.

My personal home is very representative of the market as I know it. Homes like mine were around 500K in late 2000. They hit a peak of around 950K. Realistically, it is probably somewhere between 825 and 850K today which puts it 70% above its 2000 price and down around 13% from the peak.

I believe most of the homes in this area would show similar stats. I dont trust any stats I have seen because I havent seen any which accurately porttray what has and is happening. The only way to really understand that is to look at a property or area through the eyes of a good realtor who truly understands values in that area. In my area I think I know them as well as anyone and can very accurately estimate what a specific house would have sold for in the past and what it would sell for now.

[sdrealtor]

My area is North County Coastal defined as Encinitas and South Carlsbad which effectively functions as one market. The Zip codes are 92024, 92009 and 92011.

My personal home is very representative of the market as I know it. Homes like mine were around 500K in late 2000. They hit a peak of around 950K. Realistically, it is probably somewhere between 825 and 850K today which puts it 70% above its 2000 price and down around 13% from the peak.

I believe most of the homes in this area would show similar stats. I dont trust any stats I have seen because I havent seen any which accurately porttray what has and is happening. The only way to really understand that is to look at a property or area through the eyes of a good realtor who truly understands values in that area. In my area I think I know them as well as anyone and can very accurately estimate what a specific house would have sold for in the past and what it would sell for now.

[sdrealtor]

My area is North County Coastal defined as Encinitas and South Carlsbad which effectively functions as one market. The Zip codes are 92024, 92009 and 92011.

My personal home is very representative of the market as I know it. Homes like mine were around 500K in late 2000. They hit a peak of around 950K. Realistically, it is probably somewhere between 825 and 850K today which puts it 70% above its 2000 price and down around 13% from the peak.

I believe most of the homes in this area would show similar stats. I dont trust any stats I have seen because I havent seen any which accurately porttray what has and is happening. The only way to really understand that is to look at a property or area through the eyes of a good realtor who truly understands values in that area. In my area I think I know them as well as anyone and can very accurately estimate what a specific house would have sold for in the past and what it would sell for now.

[sdrealtor]

In the last 5 years the dollar to euro excanhge has gone from about $1 to 1 EU to where it stands today which is around $1.5 to 1EU. That means the Euro version of J6P has seen his purchasing power increase by 50%. That doesnt even factor in investing in a strong market. Its not just wealthy foreigners as relative to the US the rest of the world is getting alot wealthier.

[sdrealtor]

In the last 5 years the dollar to euro excanhge has gone from about $1 to 1 EU to where it stands today which is around $1.5 to 1EU. That means the Euro version of J6P has seen his purchasing power increase by 50%. That doesnt even factor in investing in a strong market. Its not just wealthy foreigners as relative to the US the rest of the world is getting alot wealthier.

[sdrealtor]

In the last 5 years the dollar to euro excanhge has gone from about $1 to 1 EU to where it stands today which is around $1.5 to 1EU. That means the Euro version of J6P has seen his purchasing power increase by 50%. That doesnt even factor in investing in a strong market. Its not just wealthy foreigners as relative to the US the rest of the world is getting alot wealthier.

[sdrealtor]

In the last 5 years the dollar to euro excanhge has gone from about $1 to 1 EU to where it stands today which is around $1.5 to 1EU. That means the Euro version of J6P has seen his purchasing power increase by 50%. That doesnt even factor in investing in a strong market. Its not just wealthy foreigners as relative to the US the rest of the world is getting alot wealthier.

[sdrealtor]

In the last 5 years the dollar to euro excanhge has gone from about $1 to 1 EU to where it stands today which is around $1.5 to 1EU. That means the Euro version of J6P has seen his purchasing power increase by 50%. That doesnt even factor in investing in a strong market. Its not just wealthy foreigners as relative to the US the rest of the world is getting alot wealthier.

[sdrealtor]

The numbers dont seem to pass the sniff test in my area. They seem to overstate the appreciation a bit. Thinking about my own home (which is worth roughly 15 to 20% above the median), it’s current value is about 70% above what it was worth in the 2nd half of 2000 using very realistic values for both times. It’s also down about 13% from its peak value.

[sdrealtor]

The numbers dont seem to pass the sniff test in my area. They seem to overstate the appreciation a bit. Thinking about my own home (which is worth roughly 15 to 20% above the median), it’s current value is about 70% above what it was worth in the 2nd half of 2000 using very realistic values for both times. It’s also down about 13% from its peak value.

[sdrealtor]

The numbers dont seem to pass the sniff test in my area. They seem to overstate the appreciation a bit. Thinking about my own home (which is worth roughly 15 to 20% above the median), it’s current value is about 70% above what it was worth in the 2nd half of 2000 using very realistic values for both times. It’s also down about 13% from its peak value.

[sdrealtor]

The numbers dont seem to pass the sniff test in my area. They seem to overstate the appreciation a bit. Thinking about my own home (which is worth roughly 15 to 20% above the median), it’s current value is about 70% above what it was worth in the 2nd half of 2000 using very realistic values for both times. It’s also down about 13% from its peak value.

[Author]

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