San Diego California Real Estate Market
San Diego California Real Estate Market
httpv://www.youtube.com/watch?v=-SJ1NnaTYko
The San Diego housing market saw a 2.4% increase in the median home price over the April 2011 home price. The increase is small, but, it is an INCREASE!
San Diego Real Estate Market Analysis
San Diego County Residential Real Estate Market Analysis: 4th Quarter 2011 – This is part 2 of 2
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 as reported by the San Diego County MLS system.
*Please see prior post for the first part of this article.
Detached Housing Market Specifics – 4th Quarter 2010 compared with 4th Quarter 2011: Detached home sales data for the 4th quarter of 2011 shows the highest numbers of sales were in the $200,000-$300,000 price range. This reflects a shift from the 4th quarter of 2010, when the highest number of sales were in the $300,000-$400,000 price range (see figure 5). Read more 
San Diego Real Estate Market
San Diego County Residential Real Estate Market Analysis: 3nd Quarter 2011 (Part2)
By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-793-9339
Market Overview: The mean sold price for a housing unit in San Diego County peaked in 2007 at $621,675. The mean sold price in 2009 decreased to a low of $385,754, a 37.9 percent decrease from the market peak in 2007. *In 2011, the projected mean sold price is $415,743, which would represent a 7.8 percent increase from the 2009 mean sold price and a 33.1 percent decrease from the market peak in 2007 (see figure 3).
Figure 3
San Diego Real Estate – A Bottom … Not A Reversal
When the San Diego real estate market hits bottom, it will be just that, a bottom, not a reversal. Don’t believe that home prices will spike up and shoot back up to pre-bust levels any time soon! I find that highly doubtful even if the economy were healthy in other sectors because who is going to fuel this reversal? Will it be the people who have foreclosures and short sales on their credit history, or another group of salivating sub-prime buyers?
Credit is tightening up to the point that home buying is truly back to where you actually have to put 5 to 20% down and have a decent credit rating. That will restrict the pool of available buyers considerably, which will prevent another ridiculous up-ride on the home price roller coaster.
The “bottom” will be the new median home price, according to what the local marketplace and income levels dictate, with modest year to year appreciation.
Until the ‘real’ bottom is reached in the San Diego real estate market, expect many false upward spikes driven by people looking at only one set of data and incorrectly timing the best time to buy.
Related prior posts:
#1 Key To Purchasing Real Estate in the San Diego Market
San Diego California Home Sellers Lose Big
The San Diego California Real Estate Great Depression
Believe the local San Diego ‘experts’ that subprime delinquencies are slowing?
San Diego County Foreclosures up 125% from 2007
Jumbo Financing and the Impact on The San Diego Real Estate Market
Another Look at the June Rise in Pending Home Sales
San Diego California Housing Double Dip
real estate double dip
In my 7-7-10 my post:  San Diego real estate 2010 2nd. Half Outlook … double-dips I said that my local San Diego real estate market observations indicated that we are heading into a double dip for the real estate market.
Here is what Forbes just said: “The final figures for the U.S. housing market’s performance thus far in 2010 won’t be officially released for several weeks. But a review of the best preliminary data available indicates that the recovery in home values that began in early 2009 has stalled. A second dip is clearly under way in some places, if not across the entire U.S.†Read more
San Diego Real Estate – Buying Into A Declining Market
San Diego homes for sale
Now with the Federal real estate tax credits over, it may not be long before these tax credit buyers realize that buying declining real estate to get that taxable tax credit is a losing trade.. That little bit of “free” money ends up costing the investor a great deal more than the benefit.
San Diego Real Estate Value Drop
San Diego real estate values took a huge hit since the summer of 2005.
It’s been a horrible San Diego California real estate market; be glad you are not a homeowner in Las Vegas!
real estate value declines
Clairemont real estate
San Diego’s Most Visited Real Estate Site
Sellers – Expose your property to
over 115 Times (survey of 26 other real estate sites)
more traffic than most real estate sites!
49,692
Unique visitors in Feb 2010
http://www.brokerforyou.com
San Diego California Home Prices … Worst is Over
San Diego – Strongest Hosing Market in the Nation
San Diego home prices are on the rise, but, does this mean that the worst is over for the San Diego real estate market? Personally, I believe the governement tax credits( which may be mostly speeding up sales that would have occurred normally) and the fact that there is a huge number of loans due to have their first adjustment this year, could cause a double dip in San Diego housing values.
Year-over-year, the index for San Diego was up 7.6 percent.
San Diego was one of the first metropolitan areas where house prices started to tumble, and now is the only metropolitan area in the nation to show increased home prices between January and February.
Nationally, the S&P index was down .9 percent between January and February, but up .6 percent from the same period last year. Read more
San Diego California Home Prices
San Diego California home prices for selected San Diego neighborhoods. The data is from MDA Dataquick and the graph was produced by www.websitetrafficbuilders.com
San Diego California Home Prices