May 2006 Home Sales Report

[nla]

Check the May 2006 home sales from DQNews.com. A lot of areas has negative appreciation.

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

[lostkitty]

Now THAT is an intresting link! Thank you nla…

The areas we were thinking of moving back to…
Coronado down 17.9%… WOW.
RSF down 13.7%
Solana Beach Del Mar and Carmel Valley still holding up yoy… cant wait to see next months numbers!

Not sure what that RSF post office thing is – most everyone out there has to use the po boxes (or at least they did when we lived there).
Is this something different? Outlying areas just built? By the huge decline (45% or something) I am guessing it is new construction? Anyone know? Thanks in advance for your help.

“Thanks for sharing that and participating in this forum. I invite you to consider my point of view…”

[Carlsbadliving]

Whatever the reason for the post office thing, you have to look at the small sample size for RSF. Homes out there can go for $1m up to $10+m. Their numbers can be all over the board on a month to month basis.

[bmarum]

I don’t know how much stock I’d put in these monthly numbers for individual areas, the number of sales is so low that much of the variation from month to month is just noise. I’ve been following Mission Hills for the last couple of months and it’s all over the place, down big one month, up big the next and now basically flat. It’s probably much more useful to look at the aggregate data for the areas identified in the chart, i.e. Central San Diego, East County, etc. as that data is based on a much larger sample size.

[lostkitty]

“Thanks for sharing that and participating in this forum. I invite you to consider my point of view…”

I noticed the small number of homes sold in 92067 (just 13!!!?). It is quite interesting since there are currently 277 properties listed for sale in that zip code right now on ziprealty. At this rate – how long will it take RSF to move that inventory? I started tracking listings there the first week of January (when we were still considering a move) – there were 180 in 92067 on 1/4/06. No matter how you slice it – there will be some heavy prices declines in RSF coming soon.

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