"I seen a property on the market go from $420 to being sold for $340k. They bought it 5 years earlier for $315k."
In real terms it's a drop.
Assume an NPV rate of 5% (what you could earn in a bank deposit). Over 5 years you get 27.6% interest on principal, which is $401k. In real terms it's a loss of $60k.
