San Diego Homes Bottoming?

I’m seeing more and more of this sort of thing in existing home sales listings around San Diego. Not sure if it constitutes bottoming in the local market, but it is interesting:

Sales History
Historical home sale price (1): $736,500
Prior sale date: Mar 19, 2008
Change since this sale (1): NA

Historical home sale price (2): $658,750
Prior sale date: Sep 20, 2007
Change since this sale (2): +12%

Historical home sale price (3): $840,000
Prior sale date: Jan 31, 2005
Change since this sale (3): -12%

As you can see, this house sold near the real estate peak in San Diego for $840k, and then the owners abandoned ship a scant two years later for $658,750, taking a whopping 21% drop. A few weeks ago, however, the home changed hands again for $736,500, up 12% from where it had sold back in September of last year.

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