San Diego Real Estate Market Facts

San Diego real estate facts

In a recently released report, the real estate site Zillow reported the following for the San Diego real estate market:

• Off the peak: Home values here have plunged 29.7 percent from September 2005, which zillow.com considers the region’s peak.
• Negative equity: 20.4 percent of all single-family home owners were underwater on their mortgages in the second quarter. In the previous quarter, that number was 22.9 percent. On a national level, an estimated 21.5 percent of single-family home mortgages were underwater.
• Foreclosures: In June, 26.5 percent of all sales were foreclosure resales. Nationally that number was 16.9 percent.
• Sold for a loss: In San Diego, 34.4 percent of all homes sold in June were sold for a loss.
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