sdrealtor – As I said,

[Steve Beebo]

sdrealtor –

As I said, condo conversions and some newer tracts are doing the worst, due to current competition from other condo conversions / other new tracts. You posted mostly newer tract homes.

What you’re missing is the other 90% of the market – normal resale homes. Maybe you only work in newer areas, and do not have much experience in the broader market.

These are all resales in established areas:

4976 Marin Drive 92056
9-04 $550,000
9-06 $600,000

4955 Marin Drive 92056
6-04 $569,000
5-06 $632,000

13754 Bassmore Dr. 92129
1-06 $540,000
6-06 $592,000

3930 Via Palo Verde Lago 91901
4-05 $830,000
5-06 $879,000

617 Alameda Blvd. 92118
3-03 $1,010,000
5-06 $1,702,000

5780 El Camino Del Norte 92067
8-04 $2,650,000
10-06 $2,850,000

729 F Ave. 92118
10-03 $577,000
5-06 $815,000

1150 J St. #314 92101
9-05 $367,000
5-06 $392,000

429 9th Ave. #708
7-05 $284,000
8-06 $370,000

1250 Florida St. 91932
6-04 $520,000
9-06 $575,000

10448 Russell Rd. 91941
5-04 $925,000
11-06 $1,000,000

2701 State St. 92103
10-03 $600,000
10-04 $738,000
8-06 $1,000,000

1414 Torrance 92103
3-03 $630,000
8-06 $990,000

3433 Albert St. 92103
9-04 $602,000
9-06 $869,000

240 A Ave. 92118
4-03 $950,000
9-06 $1,350,000

525 6th St. 92118
7-04 $1,050,000
9-06 $1,170,000

10 Admiralty Cross 92118
7-05 $1,799,000
9-06 $1,950,000

13929 Frame Rd. 92064
10-03 $366,000
10-06 $465,000

13229 Tining 92064
8-03 $510,000
8-06 $680,000

16503 Ave. Florencia 92064
8-03 $686,000
11-06 $766,000

4515 Rhode Island 92116
2-04 $685,000
8-06 $847,000

4173 Hilldale 92116
4-03 $730,000
11-06 $989,000

I’m not trying to convince anyone that the market doesn’t suck right now, and that it won’t get at least a little worse, with an increasing number of foreclosures. But with inventory now at well below 20,000 in SD County, it’s not as bad as some portray. To say that prices are “most definitely and even a little below 2004 prices” is just plain idiotic.