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January 19, 2007 at 1:50 PM #43850
(former)FormerSanDiegan
Participant

I know about the flaws in median, particularly the more house for the same money angle, and I agree that is a true flaw.

My original point is that even the flawed median is showing a significant decrease county wide. However, there is Poway, hanging in there both in price and sales.

See in the chart below. Sales are about even in the 4th quarter 2006 compared to 4th quarter 2005. Median price is up over that time in an environment (SD) where the median is down down over 6%.

SALES in Red
Median Price in Blue

[img_assist|nid=2460|title=Poway sales and median price Dec 04 to Dec 06|desc=|link=node|align=left|width=466|height=349]

Is it simply that Poway is one of the last areas to fall ? Also looking at the early -mid 90’s Poway held up well then. Are the positives (good schools, etc) such that Poway will fall much less than other places, making a Decision to sell and rent less effective there ?