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4th Quarter: The State of San Diego County's Real Estate Market Wrap Up 2011

By
Real Estate Agent with Big Block Realty 858.232.8722 CA BRE# 01261476

The State of San Diego County's Real Estate Market

Per (SDAR) San Diego Association of Realtors*:

 

Total Sold Listings(Comparing 11/2011 to 10/2011)

Single-Family Homes (Detached) showed a 1% Decrease in sales

Condos/Townhomes (Attached) showed a plateau (unchanged) in sales.

But...

Total Sold Listings(Comparing 11/2011 to 11/2010)

Single-Family Homes (Detached) showed a 14.3% Increase in sales!

Condos/Townhomes (Attached) showed a 2% Increase in sales!

Next...

Median Sales Price(Comparing 11/2011 to 10/2011)

Single-Family Homes (Detached) showed a 1.4% Decrease in sales price realized.

Condos/Townhomes (Attached) showed a 1.2% Decrease in sales price realized.

And...

Median Sales Price (Comparing 11/2011 to 11/2010)

Single-Family Homes (Detached) showed a 10.2% Decrease in sales price realized.

Condos/Townhomes (Attached) showed a 4.6% Decrease in sales price realized.



My Comments...

So, sales are up overall in volume from last year to this year, because prices are down overall in San Diego. I can confirm this because although I out sold last year's volume by September of this year, my income did not increase much; hence we are working harder as Realtors for less pay. But, I count my blessings that I'm working in stability, ever seeking significance in this great industry.



More potentially good news is that our months of inventory trend is less than 4.5 months worth, and decreasing.

 

*Please realize these are county-wide numbers and San Diego is very micro-market oriented for each unique area/neighborhood. For a more detailed market report on your home's neighborhood, feel free to contact me for a FREE Market Report!

 

Thank you for being a part of my best year ever in Real Estate! I look forward to serving you in 2012 and remember, I'm never too busy to answer your questions about our real estate market, your home maintenance & values and your referrals. Merry Christmas & Happy New Year!

Posted by


Thomas J. Nelson
REALTOR®, CRS, RCS-D, CDPE, e-Pro, Certified Military Home Specialist, Luxury Home Specialist, Author, Keynote Speaker and  Podcast Host 

Serving Coastal San Diego from Carlsbad to Coronado, Downtown, Balboa Park Area,
La Jolla/UCSD & Mission Bay Park Areas
I Offer Rebates to Veterans
& Active Duty

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, medical advice or financial advice.  For legal advice see an attorney.   For tax advice, health or financial advice see a tax attorney, certified public accountant, or other qualified professional.

Comments (1)

Jeff Harkins
Laguna Beach, CA

Thanks for the information.  I appreciate it.

Dec 27, 2011 10:57 AM