Re-inflate the bubble?

That would be just fine with these sellers. Here are a couple head-scratching pricing examples we noticed as we checked Redfin recently...

105 Avenida Del Reposo Unit 1-R, San Clemente, 92672
Size: 3 beds, 2 baths, 1,525 sq ft
Asking price: $795,000
Previous sales price: $540,000
Previous sales date: 9/4/03
Justification: "...HIGHLY UPGRADED OCEAN VIEW BEACH CONDO! TURN KEY AND MOVE IN READY. BRING YOUR PICKIEST CLIENTS AND THEY WILL BE BLOWN AWAY WITH THIS ONE."

25201 La Cresta Dr, Dana Point 92629
Size: 3 beds, 2.5 baths, 3,100 sq ft
Asking price: $1,780,000
Previous sales price: $1,345,000
Previous sales date: 2/23/07
Justification: "Gorgeous and extensive remodel of this stunning contemporary home boasts a full Viking-appliance kitchen, new Kohler fixtures throughout home, new wood flooring, etc."

32611 Sea Island Drive, Laguna Beach 92651
Size: 3 beds, 2 baths, 2,700 sq ft
Asking price: $2,599,900
Previous sales price: $2,000,000
Previous sales date: 3/3/05
Justification: "The huge charming entry court yard will allow plenty of room for expansion, the side and back yards will accomodate a beautiful pool and spa."

22811 Tindaya, Mission Viejo 92692
Size: 4 beds, 4 baths, 4,000 sq ft
Asking price: $2,579,000
Previous sales price: $1,300,000
Previous sales date: 8/22/03
Justification: "Beautifully remodeled custom Mediterranean lakefront home...Stunning upgrades including travertine, marble, and granite throughout. Gourmet kitchen overlooking lakefront has granite counter tops and stainless steel appliances with cherry stained cabinets."