San Diego California Home Prices Increase
San Diego home sales
San Diego California home prices rose last month, for the eighth month in a row, as buyers took advantage of tax credits and low mortgage rates. MDA DataQuick reported that the May median price stood at $340,000, up 4.5 percent from April and up 15.3 percent from a year ago.
The combination of tax incentives and low mortgage rates helped stoke sales in mid- to high-end areas, where distress has increased over the last year and sellers have become more motivated and realistic.
San Diego California Home Prices
San Diego California home prices for selected San Diego neighborhoods. This is the median San Diego home prices for April 2010 vs. April 2009. The data is from MDA Dataquick and the graph was produced by www.websitetrafficbuilders.com
San Diego California home prices
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 Drop
San Diego homes for sales
San Diego-based MDA DataQuick reported yesterday, that an estimated 27,858 new and resale houses and condos were sold statewide last month. That’s compared to 41,837 in December and 29,458 statewide in January 2009. California home sales dipped 33.4 percent in January from December, and 5.4 percent compared to January 2009. Read more
San Diego Home Sales Move Up
San Diego housing market
According to La Jolla- based MDA DataQuick, 22,328 homes were sold in the six-county Southern California region — Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties — in December, up 16.4 percent from 19,181 in November and up 12.1 percent from 19,926 in December 2008.
Home sales in San Diego County rose by 9.8 percent in December while prices increased by 10 percent.
A total of 3,652 homes sold in December, up from 3,325 for December 2008, while the median price of a home in San Diego County last month was $330,000, up from $300,000 in the same month a year ago.
Also, the data from DataQuick, showed the “flipping rate” — resales of homes within three weeks and six months of the initial purchase — was lowest in San Diego County in December at 2.4 percent and highest in San Bernardino County at 3.8 percent. The regional average was 3.1 percent. Cunningham said the lower rate in San Diego County may reflect relatively more investor interest in foreclosure properties elsewhere.
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 Rise – Home Sales Fall
San Diego home sales
According to La Jolla- based MDA DataQuick, San Diego County home prices fell by 2 percent in October, compared to the same month a year ago, but, home prices rose by 0.5 percent.
Home prices across the Southern California region — including Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties — dipped 6.7 percent to $280,000. The median price of a Southern California home was $280,000 in October, up 1.8 percent from $275,000 in September but down 6.7 percent from $300,000 in October 2008. Read more
San Diego September Home Sales
San Diego detached home sales for September 2009 vs September 2008. The data is for the median prices as published by the San Diego Association of Realtors. The selection of San Diego neighborhoods and production of the graph was by www.websitetrafficbuilders.com.
San Diego home sales
San Diego home sales
San Diego Real Estate … Time to Buy?
As San Diego home values plummet. The industry and almost all media outlets are proclaiming “It’s the time to buy! ” But, keep in mind this is almost an exact reply of the ‘news’ that was being proclaimed last year, and two years ago, and three years ago etc. Why, even in 2006 after the downturn was well under way, the ‘Indusrty’ line was “It’s a normal pull-back, creating a great buying oppurnity.”
Lot’s of flippers and investors were buying all through 2007. They are in deep trouble right now. Look at the graph below which we originally published on 9-26-09.
San Diego home prices
It may be that San Diego home values need another 10%-20% drop before a real bottom is reached. In a depression, home value of homes could fall 50% from where they are today. At least, that’s what happened in the great depression.
It is very tempting to rush out and buy investment properties. But it seems it’s still too early for that.
Chula Vista real estate
San Diego August Home Sale Prices
San Diego real estate median sales prices in August for single family homes.
The San Diego home price data was derived from data published by the San Diego Union Tribune and the graph were produced by www.websitetrafficbuilders.com
San Diego California home sales