After the 2003-2004 frenzy that lasted about 18 months (sound familar?), the prices leveled off for the next couple of years – until the easy money could support it no more.

With (slightly) higher mortgage rates and lagging buyer enthusiasm both helping to temper the frenzy now, we will probably see a similar pricing plateau take place – and it’s already underway (click for larger image):

SAN DIEGO:

San Diego data

CARMEL VALLEY:

Carmel Valley 92130 data

SE CARLSBAD:

SE Carlsbad 92009 data

SE Carlsbad 92009 data1

Everything should stay orderly and on track, as long as nobody shouts ‘fire’.

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