I don’t have the data, but I wonder what the July 2005 data looked like compared to July 2004. I bet all the places I listed were up 10-30%.
I think this data comparing July 06′ to 05′ is valid in that it portrays a picture of:
1) Generally declining prices. Some are up, but the trend is that almost all are down and some are down alot.
2) Steep declines in condo prices in most areas.
3) Steep declines in new home/condo communities – look at 92078. Prices for all new are down a whopping 30%! San Elijo is in this area code! And look at 92009, Carlsbad, down 10% for new homes/condos. Wheras in the same area code, resale was up and overall was even up. This includes Bressi Ranch!
4) LaJolla – Overall down 12% was based on 54 sales, not a small nor insignificant number. -33% for resales was based on 22 SFR sales, still not a small number IMO.
