First 20 days of April

[SD Realtor]

Some stats for 4/1 – 4/20

92009

2008 solds 11 average 848,000
2007 solds 34 average 887,391

92011

2008 solds 12 average 1,042M
2007 solds 16 average 921,156

92054

2008 solds 13 average 466,746
2007 solds 13 average 583,538

92056

2008 solds 27 average 406,944
2007 solds 20 average 514,000

92024 (aka known as frustration town by some posters)

2008 solds 22 average 927,113
2007 solds 29 average 982,110

92007

2008 solds 5 average 1,016M
2007 solds 1 average 685,000

92075

2008 solds 1 average 1.875M
2007 solds 2 average 815,000

92014

2008 solds 7 average 2.130M
2007 solds 6 average 2.250M

92037

2008 solds 12 average 2.123M
2007 solds 21 average 2.004M

92130

2008 solds 17 average 1.164M
2007 solds 27 average 998.6M

92106

2008 solds 6 average 1.807M
2007 solds 10 average 1.171M

92131

2008 solds 16 average 709,750
2007 solds 14 average 789,678

92129

2008 solds 14 average 621,528
2007 solds 19 average 674,657

92128

2008 solds 17 average 555,635
2007 solds 29 average 645,992

92127 (4S used as a string search in the subdivision field)

2008 solds 3 average 832,666
2007 solds 9 average 828,418

92067

2008 solds 1 average 1.785M
2007 solds 7 average 2.707M

91913 (Eastlake)

2008 solds 33 average 437,090
2007 solds 8 average 554,237

91915

2008 solds 18 average 465,350
2007 solds 8 average 543,812

92104

2008 solds 11 average 460,818
2007 solds 17 average 585,705

92126 (for my man AN)

2008 solds 23 average 411,986
2007 solds 21 average 509,071

*********

So I have a few interesting conclusions but have to run and will post them later.

[citydweller]

Could one conclusion be that 91913 (Eastlake) is close to finding a bottom? That’s a big jump in the number of units sold, and a 21% drop in the average price.

[citydweller]

Could one conclusion be that 91913 (Eastlake) is close to finding a bottom? That’s a big jump in the number of units sold, and a 21% drop in the average price.

[citydweller]

Could one conclusion be that 91913 (Eastlake) is close to finding a bottom? That’s a big jump in the number of units sold, and a 21% drop in the average price.

[citydweller]

Could one conclusion be that 91913 (Eastlake) is close to finding a bottom? That’s a big jump in the number of units sold, and a 21% drop in the average price.

[citydweller]

Could one conclusion be that 91913 (Eastlake) is close to finding a bottom? That’s a big jump in the number of units sold, and a 21% drop in the average price.

[sdrealtor]

My conclusions are pretty easy to see. Where prices have fallen by at least 10%, volume is healthy. Where prices are sticky, volume has fallen off a cliff.

Did I miss anything?

[sdrealtor]

My conclusions are pretty easy to see. Where prices have fallen by at least 10%, volume is healthy. Where prices are sticky, volume has fallen off a cliff.

Did I miss anything?

[sdrealtor]

My conclusions are pretty easy to see. Where prices have fallen by at least 10%, volume is healthy. Where prices are sticky, volume has fallen off a cliff.

Did I miss anything?

[sdrealtor]

My conclusions are pretty easy to see. Where prices have fallen by at least 10%, volume is healthy. Where prices are sticky, volume has fallen off a cliff.

Did I miss anything?

[sdrealtor]

My conclusions are pretty easy to see. Where prices have fallen by at least 10%, volume is healthy. Where prices are sticky, volume has fallen off a cliff.

Did I miss anything?

[SD Realtor]

My conclusions are…..drum roll… that it is to early to tell….sorry but I guess they are not so interesting. What I do think is kind of neat though is the spectrum of different behavior through the region.

I think that some of the higher end neighborhoods are mimics of what other neighborhoods did in 2005-2006. That is, nothing reaches a peak then goes down… Places hit a peak and then they kind of sit there… prices stay relatively constant but volume drops… look at 92037 for instance from the stats above… average price is up a little but volume is off… even 92130, same thing. So the more desireable areas that may not exhibit large price drops are showing the volume transition which is the first chink in the armor so to speak.

As far as places like Mira Mesa and Eastlake, I put them in here just to display the dichotomy of regionalized activity. Yes I know everyone here already knows this but it is neat to see in action. As can be seen these regions are farther along as noted by the volume. Price points are hit that do indeed trigger that 6 letter word that Piggs hate… DEMAND… It is to early to call a bottom on areas like these because we do not know the supply chain for these locations. While the NOD rate has not gone up for the past few months it has remained constant and at a VERY HIGH level. Similarly we still may see ALOT of supply come to these same regions over the next two years. Similarly we have not had any secondary phenomenah such as interest rate spikes and/or serious employment issues.

I do believe we have exhausted some of the downward risk in some of these areas. As we have seen posted, in some of these areas we are getting close and even meeting a break even point for investment properties. I would warn people again, don’t project that nobody can afford 20% down for a home. The fact is many people cannot, but out of the population base here in San Diego, many others can.

Remember, just stick to the facts and statistics, don’t speculate as to what other people may or may not have.

SD Realtor

[SD Realtor]

My conclusions are…..drum roll… that it is to early to tell….sorry but I guess they are not so interesting. What I do think is kind of neat though is the spectrum of different behavior through the region.

I think that some of the higher end neighborhoods are mimics of what other neighborhoods did in 2005-2006. That is, nothing reaches a peak then goes down… Places hit a peak and then they kind of sit there… prices stay relatively constant but volume drops… look at 92037 for instance from the stats above… average price is up a little but volume is off… even 92130, same thing. So the more desireable areas that may not exhibit large price drops are showing the volume transition which is the first chink in the armor so to speak.

As far as places like Mira Mesa and Eastlake, I put them in here just to display the dichotomy of regionalized activity. Yes I know everyone here already knows this but it is neat to see in action. As can be seen these regions are farther along as noted by the volume. Price points are hit that do indeed trigger that 6 letter word that Piggs hate… DEMAND… It is to early to call a bottom on areas like these because we do not know the supply chain for these locations. While the NOD rate has not gone up for the past few months it has remained constant and at a VERY HIGH level. Similarly we still may see ALOT of supply come to these same regions over the next two years. Similarly we have not had any secondary phenomenah such as interest rate spikes and/or serious employment issues.

I do believe we have exhausted some of the downward risk in some of these areas. As we have seen posted, in some of these areas we are getting close and even meeting a break even point for investment properties. I would warn people again, don’t project that nobody can afford 20% down for a home. The fact is many people cannot, but out of the population base here in San Diego, many others can.

Remember, just stick to the facts and statistics, don’t speculate as to what other people may or may not have.

SD Realtor

[SD Realtor]

My conclusions are…..drum roll… that it is to early to tell….sorry but I guess they are not so interesting. What I do think is kind of neat though is the spectrum of different behavior through the region.

I think that some of the higher end neighborhoods are mimics of what other neighborhoods did in 2005-2006. That is, nothing reaches a peak then goes down… Places hit a peak and then they kind of sit there… prices stay relatively constant but volume drops… look at 92037 for instance from the stats above… average price is up a little but volume is off… even 92130, same thing. So the more desireable areas that may not exhibit large price drops are showing the volume transition which is the first chink in the armor so to speak.

As far as places like Mira Mesa and Eastlake, I put them in here just to display the dichotomy of regionalized activity. Yes I know everyone here already knows this but it is neat to see in action. As can be seen these regions are farther along as noted by the volume. Price points are hit that do indeed trigger that 6 letter word that Piggs hate… DEMAND… It is to early to call a bottom on areas like these because we do not know the supply chain for these locations. While the NOD rate has not gone up for the past few months it has remained constant and at a VERY HIGH level. Similarly we still may see ALOT of supply come to these same regions over the next two years. Similarly we have not had any secondary phenomenah such as interest rate spikes and/or serious employment issues.

I do believe we have exhausted some of the downward risk in some of these areas. As we have seen posted, in some of these areas we are getting close and even meeting a break even point for investment properties. I would warn people again, don’t project that nobody can afford 20% down for a home. The fact is many people cannot, but out of the population base here in San Diego, many others can.

Remember, just stick to the facts and statistics, don’t speculate as to what other people may or may not have.

SD Realtor

[SD Realtor]

My conclusions are…..drum roll… that it is to early to tell….sorry but I guess they are not so interesting. What I do think is kind of neat though is the spectrum of different behavior through the region.

I think that some of the higher end neighborhoods are mimics of what other neighborhoods did in 2005-2006. That is, nothing reaches a peak then goes down… Places hit a peak and then they kind of sit there… prices stay relatively constant but volume drops… look at 92037 for instance from the stats above… average price is up a little but volume is off… even 92130, same thing. So the more desireable areas that may not exhibit large price drops are showing the volume transition which is the first chink in the armor so to speak.

As far as places like Mira Mesa and Eastlake, I put them in here just to display the dichotomy of regionalized activity. Yes I know everyone here already knows this but it is neat to see in action. As can be seen these regions are farther along as noted by the volume. Price points are hit that do indeed trigger that 6 letter word that Piggs hate… DEMAND… It is to early to call a bottom on areas like these because we do not know the supply chain for these locations. While the NOD rate has not gone up for the past few months it has remained constant and at a VERY HIGH level. Similarly we still may see ALOT of supply come to these same regions over the next two years. Similarly we have not had any secondary phenomenah such as interest rate spikes and/or serious employment issues.

I do believe we have exhausted some of the downward risk in some of these areas. As we have seen posted, in some of these areas we are getting close and even meeting a break even point for investment properties. I would warn people again, don’t project that nobody can afford 20% down for a home. The fact is many people cannot, but out of the population base here in San Diego, many others can.

Remember, just stick to the facts and statistics, don’t speculate as to what other people may or may not have.

SD Realtor

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