San Diego Housing Market News and Analysis
Analysis of the (primarily) San Diego housing market.
Submitted by Rich Toscano on March 22, 2015 - 5:44pm
As of January, there was a big divergence between pending and closed sales: closed sales were very weak (even considering the seasonality), but pendings were strong. This gap narrowed substantially in February as closed sales made a big catch up move. Check it out in the graph below... closed sales were unusually low in January, but a lot closer to recent years (albeit still somewhat low) in February.
Submitted by Rich Toscano on February 7, 2015 - 2:53pm
Sorry Piggs, I didn't get around to posting the December numbers. But let us not dwell on the past*, and instead soldier on to the January numbers.
*Though if you really want to, the December data is all in the charts below.
Submitted by Rich Toscano on December 21, 2014 - 3:20pm
Hi everyone -- I'm going to keep it brief and just do a graph-only version this month. Happy holidays to all!
Submitted by Rich Toscano on November 28, 2014 - 5:50pm
Better late than never (but in my defense it was another uneventful month):
Submitted by Rich Toscano on October 12, 2014 - 4:17pm
Here's the big picture -- not a lot of movement last month:
Drilling down to some individual graphs, the price per square foot continued in its meandering ways:
Submitted by Rich Toscano on September 17, 2014 - 1:03pm
Here it is in a nutshell:
Charts and some thoughts below...
Submitted by Rich Toscano on August 10, 2014 - 1:35pm
I think we can agree that the typical Econo-Almanac reader is both unusually attractive, and a busy go-getter with places to be and things to do. Things besides reading a real estate blog. It is for you Coffee Achievers1 that I present this convenient new2 table summarizing the month's statistics:
1 Youths, please see this important educational video.
2 It is unclear to me why I didn't start doing this like 8 years ago or something.
Submitted by Rich Toscano on July 16, 2014 - 6:34pm
Well now... the median price per square foot for single family homes (which is the best real-ish time price indicator) surged by 3.3% last month:
Submitted by Rich Toscano on June 15, 2014 - 4:50pm
San Diego's median price per square foot eked out a small gain in May, with the single family home median rising .3% from April.
Submitted by Rich Toscano on May 25, 2014 - 5:39pm
Let's do a quick check-in on San Diego housing valuations:
Submitted by Rich Toscano on May 18, 2014 - 6:37pm
It was a month of yet more gains for home prices, per the median price per square foot, with condos going particularly nuts. That latter bit is not very analytically important, as the condo price/sqft can be very volatile. But it does make for an exciting looking chart:
Submitted by Rich Toscano on April 14, 2014 - 6:59pm
Prices edged up again last month:
Submitted by Rich Toscano on March 17, 2014 - 8:11am
The housing market was pretty firm again in February. The median price per square foot nudged upward for the month:
Submitted by Rich Toscano on February 15, 2014 - 4:38pm
So much for that price pullback. The median price per square foot for single family homes rose in January, just hitting a new post-crash high:
Submitted by Rich Toscano on February 2, 2014 - 10:54am
I must admit, I considered dispensing with the "Shambling Towards Affordability" title for these valuation updates, but in the end I decided that tradition must be maintained. Anyway, other than the fact that the housing market is neither "shambling" nor moving "towards affordability," it's a perfect fit.
One thing I did change was to combine my two previous valuation indicators, home-prices-to-incomes and home-prices-to-rents, into a single metric. I thought this would make it simpler to get a single big-picture view on home valuations, and it makes the chart maintenance a little easier on me as well. The indicator is constructed simply by dividing the Case-Shiller San Diego home price index by an equally weighted average of San Diego rents and per capita incomes, and normalizing the whole deal so that January 2000 equals a value of 100 (just like the CS index).
OK, enough background... let's have a look:
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~SD Home Price Snapshot~
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