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  • March 22, 2009 at 10:44 AM #15349
    92027_guy
    Participant

    Anyone see this on signonsandiego? Is what they are seeing with the “immunity” in Solana Beach really just the sticky-ness of the higher end markets which consensus seems to say are just starting to accelerate their decline?

    http://sdhomes.signonsandiego.com/real_estate_san_diego/immune_to_crisis.php

    Solana Beach, long one of the county’s more desirable coastal communities, showed surprising resilience last year, posting a nearly 25 percent increase in housing values at a time when most neighborhoods experienced sharp declines. Its increase was the highest in the county. The median price last year for all homes in the 92075 ZIP code was $1,060,000, based on 188 sales — just 12 fewer than in 2007.

    March 22, 2009 at 11:09 AM #371277
    SD Realtor
    Participant

    The median price in 92075, Solana Beach is pretty much a useless statistic because of the number of sales in Solana Beach.

    There are not enough sales to support much meaningful statistical analysis. The reason you saw a large increase is due to the high end sale(s).

    Don’t be fooled.

    This is not taking anything away from Solana Beach but again, the statistic is not useful for that area.

    March 22, 2009 at 11:09 AM #371892
    SD Realtor
    Participant

    The median price in 92075, Solana Beach is pretty much a useless statistic because of the number of sales in Solana Beach.

    There are not enough sales to support much meaningful statistical analysis. The reason you saw a large increase is due to the high end sale(s).

    Don’t be fooled.

    This is not taking anything away from Solana Beach but again, the statistic is not useful for that area.

    March 22, 2009 at 11:09 AM #371781
    SD Realtor
    Participant

    The median price in 92075, Solana Beach is pretty much a useless statistic because of the number of sales in Solana Beach.

    There are not enough sales to support much meaningful statistical analysis. The reason you saw a large increase is due to the high end sale(s).

    Don’t be fooled.

    This is not taking anything away from Solana Beach but again, the statistic is not useful for that area.

    March 22, 2009 at 11:09 AM #371736
    SD Realtor
    Participant

    The median price in 92075, Solana Beach is pretty much a useless statistic because of the number of sales in Solana Beach.

    There are not enough sales to support much meaningful statistical analysis. The reason you saw a large increase is due to the high end sale(s).

    Don’t be fooled.

    This is not taking anything away from Solana Beach but again, the statistic is not useful for that area.

    March 22, 2009 at 11:09 AM #371566
    SD Realtor
    Participant

    The median price in 92075, Solana Beach is pretty much a useless statistic because of the number of sales in Solana Beach.

    There are not enough sales to support much meaningful statistical analysis. The reason you saw a large increase is due to the high end sale(s).

    Don’t be fooled.

    This is not taking anything away from Solana Beach but again, the statistic is not useful for that area.

    March 22, 2009 at 11:27 AM #371791
    SDEngineer
    Participant

    Nothing is immune. Some zip codes are simply getting hit later than others.

    The list of “immune” zip codes was far longer last year, most of which have since begun their plunge.

    The market correction started in the communities farthest out from the coast and the city center and has been steadily working it’s way in from there.

    March 22, 2009 at 11:27 AM #371576
    SDEngineer
    Participant

    Nothing is immune. Some zip codes are simply getting hit later than others.

    The list of “immune” zip codes was far longer last year, most of which have since begun their plunge.

    The market correction started in the communities farthest out from the coast and the city center and has been steadily working it’s way in from there.

    March 22, 2009 at 11:27 AM #371902
    SDEngineer
    Participant

    Nothing is immune. Some zip codes are simply getting hit later than others.

    The list of “immune” zip codes was far longer last year, most of which have since begun their plunge.

    The market correction started in the communities farthest out from the coast and the city center and has been steadily working it’s way in from there.

    March 22, 2009 at 11:27 AM #371746
    SDEngineer
    Participant

    Nothing is immune. Some zip codes are simply getting hit later than others.

    The list of “immune” zip codes was far longer last year, most of which have since begun their plunge.

    The market correction started in the communities farthest out from the coast and the city center and has been steadily working it’s way in from there.

    March 22, 2009 at 11:27 AM #371288
    SDEngineer
    Participant

    Nothing is immune. Some zip codes are simply getting hit later than others.

    The list of “immune” zip codes was far longer last year, most of which have since begun their plunge.

    The market correction started in the communities farthest out from the coast and the city center and has been steadily working it’s way in from there.

    March 22, 2009 at 11:37 AM #371800
    Anonymous
    Guest

    Remember that the same thing happened when this whole thing got started a few years ago. Initially prices rose, since the only people still buying were at the upper end of the price range. It was not that prices were going up, but that the lower end had disappeared. Piggs are familiar with price per square foot or the same home sales of Case Shiller. This is a GOOD sign, since the fall in volume precedes price drops and volume drops more at the lower end.

    March 22, 2009 at 11:37 AM #371912
    Anonymous
    Guest

    Remember that the same thing happened when this whole thing got started a few years ago. Initially prices rose, since the only people still buying were at the upper end of the price range. It was not that prices were going up, but that the lower end had disappeared. Piggs are familiar with price per square foot or the same home sales of Case Shiller. This is a GOOD sign, since the fall in volume precedes price drops and volume drops more at the lower end.

    March 22, 2009 at 11:37 AM #371586
    Anonymous
    Guest

    Remember that the same thing happened when this whole thing got started a few years ago. Initially prices rose, since the only people still buying were at the upper end of the price range. It was not that prices were going up, but that the lower end had disappeared. Piggs are familiar with price per square foot or the same home sales of Case Shiller. This is a GOOD sign, since the fall in volume precedes price drops and volume drops more at the lower end.

    March 22, 2009 at 11:37 AM #371298
    Anonymous
    Guest

    Remember that the same thing happened when this whole thing got started a few years ago. Initially prices rose, since the only people still buying were at the upper end of the price range. It was not that prices were going up, but that the lower end had disappeared. Piggs are familiar with price per square foot or the same home sales of Case Shiller. This is a GOOD sign, since the fall in volume precedes price drops and volume drops more at the lower end.

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