Home Prices slip 6.0% in San Diego during Q1 2007

[gn]

I agree with Cow_tipping.

In theory, the Case-Shiller index is supposed to reflect real prices fairly accurately. In reality, it’s quite obvious that’s not true.

[gn]

I agree with Cow_tipping.

In theory, the Case-Shiller index is supposed to reflect real prices fairly accurately. In reality, it’s quite obvious that’s not true.

[markzuber]

I see prices dropping about $30K-$50K in some areas of San Diego and Santee. I also see many houses on the market standing with for sale signs for long time 2-3 months or longer.

Check this website; it shows the price history for some properties.

http://www.redfin.com/stingray/do/start

[markzuber]

I see prices dropping about $30K-$50K in some areas of San Diego and Santee. I also see many houses on the market standing with for sale signs for long time 2-3 months or longer.

Check this website; it shows the price history for some properties.

http://www.redfin.com/stingray/do/start

[latesummer2008]

San Diego Numbers could be due out this Sunday in the LA Times.

Any guesses on the results?

http://westsideremeltdown.blogspot.com

[latesummer2008]

San Diego Numbers could be due out this Sunday in the LA Times.

Any guesses on the results?

http://westsideremeltdown.blogspot.com

[JJsqueeze]

Based on my research I have concluded that home prices are dropping. I have also concluded they will continue to drop. This will last for some time until eventually supply and demand are in line at which point they will stabilize. This will either be a slow drop in real price or a quick drop in nominal price. It may also be a combination of the two. Further research shows that interest rates will play a huge role in this price drop. My analysis shows that there is an inverse relationship between interest rate and prices. Other factors such as location and condition of the property also have some bearing on the price level of the home. As the price cycle on real estate tends to have a period around a decade, I will update these observations daily to make sure we can track the direction of prices, rate of decline/incline and correctly identify the peaks and troughs. To learn more about my acute observations and the data that drives them, please sign up for premium content when you visit my new website-deadhorsebeating.com

[JJsqueeze]

Based on my research I have concluded that home prices are dropping. I have also concluded they will continue to drop. This will last for some time until eventually supply and demand are in line at which point they will stabilize. This will either be a slow drop in real price or a quick drop in nominal price. It may also be a combination of the two. Further research shows that interest rates will play a huge role in this price drop. My analysis shows that there is an inverse relationship between interest rate and prices. Other factors such as location and condition of the property also have some bearing on the price level of the home. As the price cycle on real estate tends to have a period around a decade, I will update these observations daily to make sure we can track the direction of prices, rate of decline/incline and correctly identify the peaks and troughs. To learn more about my acute observations and the data that drives them, please sign up for premium content when you visit my new website-deadhorsebeating.com

[(former)FormerSanDiegan]

San Diego Numbers could be due out this Sunday in the LA Times.

Any guesses on the results?

Here’s my guess

[img_assist|nid=3548|title=SD April zip code prices – DQ News LA Times Chart|desc=|link=node|align=left|width=274|height=500]

http://www.dqnews.com/ZIPLAT.shtm

[(former)FormerSanDiegan]

San Diego Numbers could be due out this Sunday in the LA Times.

Any guesses on the results?

Here’s my guess

[img_assist|nid=3548|title=SD April zip code prices – DQ News LA Times Chart|desc=|link=node|align=left|width=274|height=500]

http://www.dqnews.com/ZIPLAT.shtm

[latesummer2008]

High End SD didn’t so fare so well.

Carlsbad -18.3%
Coronado -11.5%
La Jolla -19.2%
Rancho Santa Fe -35.0%
Solana Beach -42.8%

I doubt this is an abberation, since LA County and Orange County had the same results, in April.

May was probably worse…

http://westsideremeltdown.blogspot.com

[latesummer2008]

High End SD didn’t so fare so well.

Carlsbad -18.3%
Coronado -11.5%
La Jolla -19.2%
Rancho Santa Fe -35.0%
Solana Beach -42.8%

I doubt this is an abberation, since LA County and Orange County had the same results, in April.

May was probably worse…

http://westsideremeltdown.blogspot.com

[Ash Housewares]

Misleading (and incorrect) title on this thread:
“Home Prices slip 6.0% in San Diego during Q1 2007”

This was a YOY decline, not a decline DURING Q1 like the title suggests.

[Ash Housewares]

Misleading (and incorrect) title on this thread:
“Home Prices slip 6.0% in San Diego during Q1 2007”

This was a YOY decline, not a decline DURING Q1 like the title suggests.

[latesummer2008]

Q1 2007 slipped 6.0% measured Year Over Year of course. I consider other measurements about useless, unless there YOY. Does that make the -6.0% better? I don’t think so. Other numbers came out from DataQuick today, and they show condos getting beat up during April, in San Diego County. Not to mention, some big drops in SFRs.

Doesn’t look so good….

http://westsideremeltdown.blogspot.com

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