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Wave Crests in Newport Beach?

We nerded out long and hard over the weekend. Nearly every conversation we had was laced with references to Zillow. Were we becoming obsessed? Was there some greater meaning to it all? Saturday night we even stayed in scanning properties which led us to the above charts from three Newport Beach properties. Believe us, there are more. We're not experts in real estate values, but we could smell a pattern developing as we jumped from home to home along Oceanfront Blvd. and saw the same chart again and again. A peak in October-November with a precipitous drop to February. Has the Newport Beach housing market gone into decline? Is Zillow data faulty? Realtors, what says you. We're concerned about the kids in the OC.