San Diego Home Values Jump Up 13 percent
San Diego homes for sale
In a just released report, MDA DataQuick showed that from January 2009 to January 2010 the San Diego median home price increased 5.6 percent, to $322,000. But, the real news is that on a year-over-year basis, median home price was up by 13 percent! As for the number of homes sold in San Diego, year over year, the amount was off 0.3%.
To me, a 13% San Diego home appreciation year over year would be more believable if it was negative 13%! It seems that in San Diego, the homes under $400,000 are selling quite well. The mid to upper end homes are are still languishing. Many investors are getting back into the market usually with all cash offers on lower end homes that can show a ‘better than CD ‘ rate of return. Other factors to consider are that the government buyers incentives end on April 30 and this, just like the Cash for Clunkers program, may be pulling from later in the year sales. If this is the case, we could see a marked slowdown starting in May. Read more 
San Diego Home Prices Rise
San Diego home sales price change for December 2009 vs December 2008. The data is for the median prices as published by the San Diego Union Tribune. The selection of San Diego neighborhoods and production of the graph was by www.websitetrafficbuilders.com.
San Diego California home prices
San Diego Home Prices Increase
San Diego home prices
The S&P/Case-Shiller Home Price Indices show San Diego home prices rise 0.4% in November as well as a 0.4% year over year price increase. Although this is a very small increase, it’s still an increase! This is significant, because the latest Case-Shiller report also showed that U.S. home prices fell in November for the first time in seven months. Read more
U.S. Home Sales Prices
They say a picture is worth a thousand words. So for all of you who believe 2009 was a year of base building in real estate home values I give you the S&P Case-Shiller data on home prices for October 2009 in graphic form. The graph is courtesy of Tim Iacono who writes the blog ‘The Mess That Greenspan Made’ (http://themessthatgreenspanmade.blogspot.com/).
home sales prices
The only good news from this chart is that San Diego home prices had one of the smallest declines in value.
Poway California home sales
San Diego Home Sales and Home Values Improving
San Diego home sales
Both San Diego home sales and home values are improving according to La Jolla- based MDA DataQuick. Home sales in San Diego County rose by 17.8 percent in November, compared to the same month a year ago, while prices rose by 6.6 percent.
A total of 3,148 homes sold in November, up from 2,673 for November 2008, while the median price of a home in San Diego County last month was $325,000, up from $305,000 in the same month a year ago.
Sorrento Valley California real estate
San Diego Home Prices – The Key To The Future Trend
San Diego home price
San Diego home prices: will they improve, stabilize or continue to erode? Anything can happen especially when you consider there are potentially another 8 million homes that could be foreclosed on in the next 4 years. However, if you look at the current national average home price it is back to around 2003 levels, which is before homes values began to increase by double digits, the norm being 3-5% year prior to this.
The key to housing stabilization/improvement is job creation. Once the unemployment stabilizes and reverses, home prices will level out. The longer it takes for unemployment figures to improve, the lower home prices will go.