Home › Forums › Housing › SD COUNTY COASTAL AREAS UN-WHACKED › You still do not understand
You still do not understand my point.
1. Prices are down.
2. Monthly zip-code specific medians are extremely noisy.
Example: The 92010 Carlsbad zip code you selected (out of 4 zip codes) year-over year price changes for the last few months:
Oct 4.90% Nov 7.00% Dec -5.20% Jan 17.60% Feb -7.30% Mar -2.10% Apr -18.30%
Possible interpretation Nov – “Wow prices are still up 7%, yipee”
Dec = “Man price appreciation has declined about 12%, we are crashing and burning”
Jan = “Happy Days are here again, 17% let’s mortgage to the hilt and buy a Hummer”
Feb = “RUh ROh shaggy, we’re down over 7%, a bruising 25% deceleration in the appreciation machine. No gas this month for the hummer”
Mar = ” Down 2%, Yawn”
Apr = “Oceanside is PUMMELED DOWN ALMOST 20%. Honey, pack up the HUMMER, grab the guns, it’s ARMAGEDDON time”
