Zip 95129 home values posted at http://julianalee.com/zip-code/95129-statistics.htm show a fairly steady price increase since the beginning of 2012. (I'm looking at price per sq ft to somewhat compensate for different house sizes)
Saratoga zip code 95070 which has the most homes sold with Lynbrook listed, shows the more common rapid increase in 2012 followed by relatively flat prices through 2013. The 1,000 sf larger average size makes the cost of a house in zip 95070 more expensive than zip 95129. The average price per sq ft is comparable.
The real estate bubble in 2000 showed a very rapid price rise at the end of 1999 followed by a slightly slower fall in price at the beginning of 2001. The price fell to roughly where it would have been had prices kept a steady increase.
The crash in prices in 2008 followed a steady price increase that began about 2002, rather than a sharp increase. The crash in prices was a result of failed economic policies rather than a dramatic shift in the desire to own a home.
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