San Diego Home Sales Soar … San Diego Home Values Dive
According to the California Association of Realtors, home sales jumped 134.1 percent in the San Diego in March, compared to the same period a year ago, while the median San Diego home price fell 27.8 percent.
California Association of Realtors President James Liptak said: "The March sales figure of 522,980 homes indicates that the market continues to be very active, all of the regions in the state experienced increases in month-to-month raw sales, with the smallest gain in the Sacramento region at 9.7 percent and the largest gain in the Riverside/San Bernardino region at 32.2." San Diego real estate MLS listings
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3 Comments
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It’s a great time to buy rental properties. The pool of renters keeps getting bigger and bigger. Meanwhile, prices keep dropping..
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Prices will drop to the level of qualified buyers. I think that values soared to unsustainable levels because Alt A and subprime programs increased the pool of qualified buyers well beyond the general population increase.
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The market has made SOME headway after the election but this hole is much deeper than any one president can fill. We won’t see anything even close to the vicinity of the pre-bubble years for another 2yrs, spring 2010 at the very earliest.
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