Murray, I admire you for sticking to your guns. Once again, I feel that people who take the data as a lump fact and then apply commentary are making a mistake. It is simply not a correct thing to do.
Okay I service the entire county. I have listings from Oceanside to Eastlake and as far east as Harbison Canyon and a new one out in Pine Valley. To use a simple single median number is NOT THE RIGHT THING TO DO.
Murray, to be more specific, single family detached homes, in the majority of neighborhoods have already experienced depreciation. This includes many of the central San Diego neighborhoods like North Park, Normal Heights, College area, San Carlos…. South San Diego, especially the Eastlake zips have been hammered. North county inland has been whacked as well.
Please do not include high end. Yes Rancho Santa Fe, high end La Jolla, Fairbanks Ranch, Del Mar and other coastal communities have done well and will not be affected as much by the downturn. Do not include high end properties either.
Again, it does not help the first time homebuyer, or the young couple thinking about buying to lump all this stuff together and form an opinion based on numbers that have been massaged by the industry. If you have some median priced homes in some of these zip codes I will be more then happy to run numbers for you to see what the true depreciation or appreciation has been compared to last year even.
I admire your points but disagree with most if not all of them. What I see now is alarming for many reasons but the biggest is a very substantial lack of traffic. The demand is substantially less for a variety of properties I have listed in many locations in the county.
