As promised yesterday, I have more specific data for you.
I found an interesting tidbit of information I wanted to share with everyone;
According to Professor Pigginton,the single family median price per square foot was down a gruesome 6.1% between October and November which indicates a market still declining, however, he also mentions that the home inventory in San Diego has shrunk by 22% from where it was a year ago, this is relevant because it is one of the first signs of a market beginning to turn.
Now lets go ahead and look at some data for specific areas as of today:
ZIP ACTIVE PENDING SOLD* SOLD**
92101....573............109.........55...........669
91913....359............217..........86...........752
91914....179.............102.........40..........293
91911.....335............198.........49..........560
92057....406............184.........89..........975
92014....168.............11...........5 1..........33
92024....256............55...........14.........428
92037....408............66............27........497
92067....257.............13............6..........123
92130....219............63............30........569
This is only a very small sample of areas in the county, if there is any one area you would like to hear in my future postings, let me know.
For now I leave you with some questions. How do you feel about the government making this massive monetary commitments in order to bail out different industries? Do you know where this money is coming from? What does it mean for our future economy?
*Properties sold between the dates of November 20,2008 and December 20,2008
**Properties sold between January 1st,2008 and December 20, 2008
All data provided by local MLS
Best regards,
Realtor Rina
Comments(0)