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There are two parts to the market health that we have all been watching, price and quantity of sales. The following chart shows the average number of detached home sales in San Diego, on a per month basis. The error bars indicate +/- 1 standard deviation. We can see that our lowest point, both numerically and relative to the norm was September 2007. Since then we have been climbing back into the normal expected range of sales.
From a quantity of sales perspective, it looks fair to say that San Diego has stabilized (starting about June 2008)
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Robert T. Boyer, Ph.D.
San Diego's Finest Real Estate
RobertBoyer.Realtor@gmail.com
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Robert T. Boyer, Ph.D.
Licensed Realtor® #010791063
Real Estate Investor Advisor
Real Estate Financial Planner
(858) 755-2111
San Diego Foreclosures and Real Estate Investments
Your San Diego CA Real Estate and REO Specialist
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Serving North County San Diego Real Estate including: La Jolla, Del Mar, Carmel Valley, Rancho Santa Fe, Solana Beach, Cardiff by the Sea, Encinitas, Leucadia, Carlsbad, Oceanside, Vista, San Marcos, Escondido, Rancho Bernardo, Poway, Rancho Penasquitos, Scripps Ranch, Tierra Santa, Mira Mesa, University City
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on San Diego Residential Real Estate Sales Volumes are "Normal"
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San Diego Real Estate & Mortgage Loans | Robert T. Boyer, Ph.D. | VA Home Loan
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The San Diego Real Estate Housing Market tends to lead the nation's real estate activities. This blog looks at current activity and trend data, including sales rates, months of inventory, median home price, unemployment, inflation, etc., with an intent to provide timely predictions for our market. Because such a large part of the current market is make up of San Diego Foreclosures and REOs we will also look deeply at how they affect the current environment. Additionally, specific market segments are monitored, such as La Jolla Real Estate, Del Mar Real Estate, Rancho Santa Fe Real Estate, and Carmel Valley Real Estate
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Wow - the visual sure says something! Looks like the year will end above average. I'm sure prices will start to rise again as well.