San Diego Real Estate Outlook
San Diego Real Estate Outlook
Since the fourth quarter of 2017 the San Diego real estate market inventory has been increasing. Now, it’s still not back to normal, at least not yet. But, the San Diego real estate market has softened as the amount of salable inventory has increased. With rising home mortgage rates being offset somewhat by our strong economy, the immediate outlook for our San Diego real estate market remains clouded.
San Diego real estate market analysis – San Diego Real Estate market facts and opinion. The San Diego California real estate market has seen some tremendous home price appreciation over the last couple of years. One of the main driving factors for San Diego home appreciation has been a huge imbalance in the amount of homes available for sale. This severe shortage of inventory (well at least in the under the $1,500,000 price range) has now been easing, well at least since the fourth quarter of 2017. Read more 
2018 San Diego Real Estate Market Analysis
2018 San Diego Real Estate Market Analysis
San Diego County Residential Real Estate Market Analysis: 1st Quarter 2018
By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-945-8996 ©2018
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 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. In 2018, the total number of units sold, based on first quarter results, is projected to be 27,596, down from 35,200 sales in 2017 (see Figure 1).
Market Overview: The monthly absorption rate (number of units sold in a month) will mirror the trend we see in the number of sold listings. The peak monthly absorption rate occurred in 2003 with 3,562 units selling per month. In 2008, the monthly absorption rate decreased to a low of 1,998 units. The 2018 projected monthly absorption rate, based on first quarter results, is 2,300 units, down from 2,933 units in 2017 (see Figure 2). Read more
California’s HOT Real Estate Market
California’s HOT Real Estate Market
Data from the California Association of realtors shows that the average residential detached home sales price it $605,000 in December 2017! in January 2018, the average residential detached home in San Diego selling price was actually a little lower and came in at $590,000!
California’s HOT Real Estate Market
Now, $590,000 for the average detached home in San Diego is a hell of a lot of money! But, for comparison purposes, out of the six Southern California areas ( Los Angeles, Orange,Riverside, San Bernardino, San Diego, and Ventura) in this report, San Diego actually came in and third-place. of the six Southern California areas in the report the average residential sales price for a detached home was the highest in Orange County, at a staggering $780,000! in second place, was Ventura at $660,720. the lowest priced average home sale for the six areas studied in Southern California was San Bernardino, which came in at $277,000. Read more
San Diego Real Estate Market Analysis
San Diego County Residential Real Estate Market Analysis: 4th Quarter 2017
By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-945-8996 ©2017
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 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. In 2017, the total number of units sold for the year was 35,200, down from 36,236 sales in 2016 (see Figure 1).
