San Diego Median Home Price Falls 19% From Last Year
DataQuick Information Services of La Jolla just released a report that showed San Diego's home sales dropped again for the 7th. month in a row. The San Diego March home sales fell 34.5%.
Over the past 20 years Southland sales have risen by an average of 38 percent between February and March. Last month's 18.1 percent increase from February was the lowest in DataQuick's statistics, which go back to 1988.
The median price paid for a Southland home was $385,000 last month, the lowest since $380,000 in April 2004. Last month's median was down 5.6 percent from February's $408,000, and down a record 23.8 percent from $505,000 in February 2007.
The really big surprise was that the report's showing that the San Diego median home price fell 19% from $490,000 to $395,000 for the year period from March 2008 to March 2007. San Diego California real estate agents
In the long term real estate always bounces back and people should take advantage of these slow periods if they really want to get a good return on their investments.
Carrie
SD Law
Real estate should always be thought of as long term investments. People who buy properties whether in San Diego or anywhere else must realize that the potential for loss is ever present.
Shawn
San Diego County Lasik Surgery
Tough times in real estate may change the San Diego conventional wisdom that you can never lose in real estate.
Rick
California/Mexico Dentistry
I’m buying a home not so much as an investment but as a place to live and raise a family.
Erica
Oakland Law
For the real estate investor, it might still be a good time to invest in real estate. Depending on your credit and the real estate market in your area, you can still find great deals and investment opportunities. For instance, where I live, the lower-end markets are struggling, but the higher-end homes and properties are still selling well.
You must examine the markets in your area, talk to real estate professionals, and determine what kind of investment(s) you are interested in. As they say, buying a home is one of the very best ways to save your money. San Diego California real estate brokers & real estate agents