San Diego County Housing Market Outlook

San Diego County Residential Real Estate Market Analysis: 2^nd 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).

Market Overview: The mean number of days a property was on the market in San Diego County reached a low of 29 in 2004. *The projection for 2011 shows the mean number of days on market to be at 79, a new high for the given time frame (see figure 4).

See part three of  San Diego County Residential Real Estate Market Analysis: 2^nd Quarter 2011 tomorrow.