San Diego County Residential Real Estate Market Analysis
San Diego County Residential Real Estate Market Analysis: 1st Quarter 2014
©2014 By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-793-9339
The following is a market data summary of detached and attached properties as reported by the San Diego County MLS system. The data includes all zip codes in San Diego County. * All 2014 data in figures 1 through 4 will be projected based on market data taken from January through March as reported by the San Diego County MLS system. All projections discussed in this analysis will be updated throughout the year in subsequent quarterly reports.
Market Overview: The data provided analyzes residential real estate sales beginning in the year 2000, which is used as the base year. The number of sold listings in San Diego County peaked in 2003 at 42,746 units and decreased through 2008 to 23,972 units. *The 2014 projection shows the total number of units sold for the year will be 24,860, which is near the 2008 low (see figure 1).
Market Overview: Read more 
San Diego Home Prices -San Diego Home Sales Drop
San Diego home prices and San Diego home sales both slipped in July. This was the conclusion from the latest report released by Dataquick, a real estate tracking company.
San Diego County home sales dropped 0.9 percent in July, compared to a year ago, while prices fell by 3.8 percent.
One should keep in mind that if this latest report is comparing home prices and home sales to a year ago, the San Diego real estate market at that time was also extremely weak. So, to have a drop from the July 2010 levels, is ominous in and of itself.
What’s being overlooked here, is the fact that this drop in both sales and home prices is occurring during this seasonally strongest time for real estate sales!
San Diego Real Estate Market 2011 Outlook – Forecast – News
San Diego real estate market forecast 2011
San Diego real estate market forecast 2011
San Diego Real Estate 2011 – Year of the Short Sale
It’s that time of the year: The real estate industry is rolling out the shop-worn playbook of optimistic forecasts for the New Year. In San Diego these canned phrases are:
- Solid signs of a firming market,
- With interest rates near all-time lows,
- Buying now is a no-brainer,
- Get in now, before the huge pent-up demand for homes hits,
- What a great time to buy with low interest rates and a good supply of homes for sale,
- Act fast now, or you may be paying thousands more in a few months.
We have heard these same phrases since 2005. The major difference was that in 2005 and 2006 many of the Gurus were adding phrases: Read more
San Diego Home Sales Take Huge Fall
San Diego home sale
The median price of a home in San Diego County increased 2.9 percent in October according to La Jolla-based MDA DataQuick. The same report showed home sales in San Diego County fell 25.1 percent in October, compared to the same month in 2009.
San Diego Real Estate – After The Fall
San Diego homes
For many homeowners in San Diego we reach the fourth stage of housing-bubble grief — Depression.
We’ve somehow managed to traverse the first three stages of the crisis: 1) Denial, “What housing bubble? Buy now before you’re priced out of the market!”; 2) Anger, “Those evil banks, SOBs”; 3) Bargaining, “HAMP, $8K Tax Credits, Stimulus, etc.”.
Now we find ourselves facing the crisis with eyes wide open, and it is enough to sober up the drunkest of drunks after a three-day bender. Read more
Existing Home Sales Fall 27.2%
home sales
Existing home sales in the month of July fell by more than economists had anticipated, according to a report released this morning by the National Association of Realtors.
What is surprising is that they say economists were surprised by the news.
San Diego real estate 2010 2nd. Half Outlook … double-dips
San Diego real estate market … double-dips!
San Diego real estate forecast
San Diego home prices have risen for eleven consecutive months. Most major media outlets in San Diego are proclaiming that our real estate decline bottomed in April 2009.
A recent headline noted San Diego real estate price appreciation outpaced the rest of the nation. Another headline stated that San Diego County house prices rose 11.7% in April 2010, as compared to April 2009. This was proclaimed to be the fastest rate of annual appreciation increase in the nation. Plus, San Diego County home prices have been rebounding for the past year after their 40% decline from the top of the market in 2005. Read more
San Diego real estate – Some Bargains But No Bottom
San Diego housing market
It should be clear that, on average, now is not yet the time to safely find a San Diego real estate bargain. There are certainly good buys for those who do their homework, whether it be for a personal residence or investment, but there are still many pitfalls. People who have bought in San Diego and certain other metro areas such as New York, Las Vegas and Los Angeles in the last 3 years did so convinced they were getting the bargains, only to find they were catching a falling knife.
Dallas Texas attorneys
San Diego Housing Values Outlook
San Diego housing market
I can give about 10 good reasons on why buying San Diego this year may not be the optimum time:
1- Interest rates will eventually rise
2- Massive foreclosures flooding the market over the next 24 months
3- Federal stimulus is ending (though it could be extended)
4- Unemployment at 10% (In reality this is most likely closer to 17%) and rising
5- Pay cuts to those who are working
6- Next to impossible to get a loan without 20% down – who has that kind of cash laying around these days
Read more
San Diego Housing – The Worst Must Be Behind Us
San Diego real estate market outlook
It seems everyone from Fed/Treasury, Fannie, big banks, speculators, Berkshire, etc. is doubling down right now, mostly on an assumption that the worst must be behind us by now. Even a lot of homeowners and small businesses are doing everything they can to hang on a little bit longer on the belief that the worst must be behind us by now.
They say in 1930 it was common for everyone to believe the worst was over when in fact it was still only beginning.