Zillow’s estimates of appreciation over the next year:

Carmel Valley, 92130: +7.2%

NW Carlsbad, 92008: +7.7%

SE Carlsbad, 92009: +7.2%

Encinitas, 92024: +7.2%

Del Mar, 92014: +6.9%

La Jolla, 92037: +7.2%

Rancho Santa Fe, 92067: +6.9%

Santaluz/4S/Del Sur, 92127: +7.1%

It looks like Zillow expects 7% price appreciation for our area, which is wildly explosive for them. I looked up a an old blog post where their forecast numbers were virtually all 1s, 2s, and 3s for several years, and the actual increases usually exceeded the Zillow guesses.

Relatively-speaking, they are suggesting full-blown frenzy conditions!

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