San Diego Home Sales Up – Prices Down
San Diego home sales market
San Diego home sales
Dataquick La Jolla-based real estate information company just released a report showing that San Diego home sales were up a tiny 0.3% in October when compared to October a year ago. But, even this tiny increase in sales did not translate into an increase in San Diego home prices. Read more 
San Diego Home Prices Move Up
home prices
Home prices increase in July.
The Standard & Poor’s/Case-Shiller index reported today that home prices increased in July from June in 17 of the 20 cities tracked.
“This is still a seasonal period of stronger demand for houses, so monthly price increases are expected,” said David M. Blitzer, chairman of Standard & Poor’s index committee. “While we have now seen four consecutive months of generally increasing prices, we do know that we are still far from a sustained recovery.”
Also, eighteen of the 20 cities that the Case-Shiller report analyzed show home prices are still below where they were a year ago. The 10-City composite is down 3.7 percent and the 20-city composite is down 4.1 percent compared to July 2010.
Here in San Diego County home prices rose a tiny0.1 percent in July compared to August, but fell 4.1 percent compared to July 2010.
San Diego Real Estate Sales Up – Prices Down
San Diego real estate
San Diego Real Estate Sales
were up in a report released today by DataQuick of La Jolla Ca. The San Diego County August 2011 median home price fell to $337,000, down 5 percent from August 2010. The San Diego median home price was $517,500 in Nov. 2005. Read more
San Diego Home Prices -San Diego Home Sales Drop
San Diego home prices and San Diego home sales both slipped in July. This was the conclusion from the latest report released by Dataquick, a real estate tracking company.
San Diego County home sales dropped 0.9 percent in July, compared to a year ago, while prices fell by 3.8 percent.
One should keep in mind that if this latest report is comparing home prices and home sales to a year ago, the San Diego real estate market at that time was also extremely weak. So, to have a drop from the July 2010 levels, is ominous in and of itself.
What’s being overlooked here, is the fact that this drop in both sales and home prices is occurring during this seasonally strongest time for real estate sales!
San Diego County Housing Market Outlook
San Diego County Residential Real Estate Market Analysis: 2nd Quarter 2011
By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-793-9339
This part 2 of 3
Market Overview: The mean sold price for a housing unit in San Diego County peaked in 2007 at $621,675. The mean sold price in 2009 decreased to a low of $399,200, a 35.8 percent decrease from the market peak in 2007. *In 2011, the projected mean sold price is $413,794, which would represent a 3.7 percent increase from the 2009 mean sold price and a 33.4 percent decrease from the market peak in 2007 (see figure 3).
San Diego Home Prices
San Diego real estate double dip
The just released Case-Shiller home-price index showed that home prices fell in 18 of 20 cities in March. The only two cities to show slight increases were Washington, D.C., and Seattle.
The Case-Shiller home-price index is now below its April 2009 mark. What this is saying is that home prices have given back all gains they showed from May 2009 through June 2010. This confirms that the U.S. housing market is in a double-dip downturn. Read more