Local San Diego, California Housing Prices Beginning To Sputter!
The local
San Diego, California housing market is starting to show signs of
slowing, which has buyers
again, leery of jumping into the real estate market. San Diego County
house prices fell 1.1 percent from December and 5.3 percent from
January 2011. January 2012 marks twelve months of year over year price
declines. San Diego County house prices are 3 percent above a post
housing
bubble low set in 2009,
and about equivalent to house prices in August 2002. Local
housing prices have dropped 40 percent since peaking in November 2005.
Despite
some positive economic signs, home prices continue to drop the median
house price in North San Diego, California in January sank to $380,000
down 9.2 percent from December and down 11.9 percent from January 2011.
The median house price was its lowest since February 2009 when the
local market was clawing out of it post-housing bust crater. Homes
priced below $305,028
which made up 29.2 percent of North County sale lost 0.25 percent of
their value from December and 5.7 percent from January 2011. Houses
priced between $305,028
and $453,843
which made up 30.3 percent of North County homes sold in January lost 1
percent of their value from December and 5.3 percent from January 2011;
and houses priced above $453,843 which made up 40.2 percent of January
sales, lost 1.6 percent of their value compared to December and 5
percent of their value from 12
months earlier. Seems like
we're possibly heading for a lull.
Courtesy of : Crescent Moon
Realty, Inc.
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Rainmaker
491,049
491,049
Crescent Moon Realty, Inc. & Land N Sea Auctions.
local_phone(760) 650-2157
smartphone(760) 650-2157
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