San Diego County Residential Real Estate Market Analysis
San Diego County Residential Real Estate Market Analysis: 4th Quarter 2010 ©2011 By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-793-9339 The following is a market data summary of detached and attached properties as reported by the San Diego County MLS system. The data includes all zip codes in San Diego County as reported by the San Diego County MLS system. Market Overview: The data provided analyzes residential real estate sales beginning in the year 2000, which is used as the base year. The number of sold listings in San Diego County peaks in 2003 at 42,746 units and decreases through 2008 to 23,972 units (see figure 1). There were 31,922 sales in 2010. Read more 
New Home Sales Plunge to Record 47 Yr Low
San Diego real estate agent
Real estate new home sales for 2010 hit low numbers not seen in 47 years.
New home sales for all of 2010 totaled 321,000, a drop of 14.4 percent from the 375,000 homes sold in 2009, the Commerce Department reported. This marks the fifth consecutive year that sales have declined after hitting record highs for the five previous years when the housing market was booming. Read more
The National Inflation Association announced prediction for real estate in 2011:
The median U.S. home will decline sharply priced in silver.
2011 real estate market
For the past couple of years, being able to make ones mortgage payment has been the primary concern for the average American. In an attempt to support housing prices and keep mortgage interest rates at artificially low levels, the Federal Reserve has been implementing massive quantitative easing and buying mortgage backed securities. NIA believes the Federal Reserve will be successful at putting a nominal floor under Real Estate prices. NIA also believes that the Federal Reserve’s actions will cause a massive decline in the value of the U.S. dollar, which will allow Americans to more easily pay back their mortgages with depreciated U.S. dollars.
However, the Federal Reserve will not be successful at reinflating the Real Estate bubble. In fact, in terms of real money (gold and silver), NIA believes Real Estate prices will decline to record lows. The median U.S. home is currently priced at $170,600 or 5,500 ounces of silver. Priced in silver, the median U.S. home price is down 16% from one month ago and 45% from one year ago. After the inflationary crisis of the 1970s, silver rose to a high in 1980 of $49.45 per ounce. The median U.S. home price in 1980 was $47,200, which means the median U.S. home/silver ratio declined to a low of 954.
With the Federal Reserve printing money at an unprecedented rate and record amounts of new homes built during the recent Real Estate bubble, NIA believes it is inevitable that the median U.S. home will decline to a price of 1,000 ounces of silver this decade and possibly as low as 500 ounces of silver. In 2011, we believe a decline in the median U.S. home price to 4,000 ounces of silver is possible.
San Diego Real Estate Market Activity
San Diego California
San Diego real estate:
DataQuick Information Systems reported 1-17-11 that the San Diego December median price stood at $333,000, compared with $330,000 a year earlier. Read more
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Shadow Inventory of Homes
foreclosure homes
Standard & Poor’s says their estimated liquidation timeline covering the nation’s backlog of distressed real estate actually increased in the past few months.
The ratings agency now estimates it will take 44 months — up 25% percent from an estimate made just three months ago — to clear the so-called shadow inventory of homes in distress or foreclosure, but not yet on the resale market. Some markets are significantly more impaired when compared to others, the agency concluded.
In September, Standard & Poor’s estimated it would take 40 months.
“Our recent estimates of months to clear have increased primarily as a result of the deceleration of the distressed property liquidation rate rather than a rise in overall distressed property levels,” according to analysts in a research report emailed to HousingWire.