With the end of the summer buying season for San Diego homes for sale , it is prudent to keep a close watch on the inventory level as it directly affects the the San Diego home prices. The following chart breaks down the inventory into price range categorys. The information is current as of October 2, 2009.
In terms of change, single family attached homes have less inventory, across the board, up to $900,000. San Diego single family detached homes for sale had less inventory across most price ranges, with only a slight increase (less than 2/10th of a month) between $350,000 and $600,000.
Barring outside influences, home prices are expected to be stable or inch-up through the end of the year.
The most significant outside influence is the first time homebuyer tax credit. According to NAR reports, this is responsible for approximately 20% of all sales in the last year. With the tax credit about to expire, home sales... at least until such time as an extension is announced. Given the current limited inventory, home prices are not likely to suffer much over the next several months.
Robert T. Boyer, Ph.D.
Licensed Realtor ® #010791063RobertBoyer.Realtor@gmail.com
San Diego Foreclosures and Real Estate Investment Property
Your San Diego CA Real Estate and San Diego REO Specialist
Call us for La Jolla Real Estate , Del Mar Real Estate , Carmel Valley Real Estate , Solana Beach Real Estate , Rancho Santa Fe Real Estate
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 , Sorrento Mesa , University City
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San Diego Real Estate & Homes for Sale :: Robert T. Boyer, Ph.D.
San Diego ,
CA
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San Diego's Finest Real Estate
Address: San Diego, CA, 92130
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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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Robert, What a ride in real estate this year! I think we just have to hang in there and continue to keep the public informed. You've done a great job of that with your explanation and graph.