SD Median Price Down

[PerryChase]

I suspect that everyone already read the SD Union article on the median price going down for May. So much for a spring rally in housing.

I think a few more months of data will confirm our down market.

Here’s the link:
http://www.signonsandiego.com/news/business/20060613-1145-bn13home.html

[davelj]

What was the all-time high for San Diego County’s median sales price?

I see different stats all the time, one for new/builder homes, one for condos, one for previously occupied homes, etc. But I never seem to find the all-time high median for the simple, straightforward single-family residence. Not that it’s extraordinarily relevant in the real world, but it is the headline after all.

[Anonymous]

The big news is Leslie Appleton-Young can no longer with a straight face talk about a soft landing in SD.

 That is the news, SD isn't in for a soft landing per CAR.

[PD]

I liked the fact that she is looking for the right words to describe housing. She must be unable to think of anything that sounds happy enough.

[lostkitty]

Maybe she should ask Suzanne.

[PD]

Did I get my people mixed up? 🙂

[lostkitty]

Just a joke referring to the recent RE ad on tv… Didnt you see it?

[PD]

Nope. I thought maybe I was skimming too fast and got my threads mixed up. What did the ad say?

[kiki]

baased on this site, Nov05 was highest median price: $598K.
What is strange is this site shows May were up ($595K)

http://rereport.com/sdccsd/

[JES]

That is too funny!

‘Soft landing’is out the door and she cannot even think of another phrase to use. Is that because she is too proud to call it like it is, or because the situation is so perilous right now that words simply cannot convey the multitude of factors aligning to sink the housing market right now?

[lostkitty]

PD – Here is the video… It is an on-going jooke on real estate blogs.. this ad is so ridiculous…

http://www.youtube.com/watch?v=Ubsd-tWYmZw&search=Research

[sdrealtor]

Every time Leslie AY has made a public statement the genereal response in my office over the last few years has been….WHAT PLANET IS SHE FROM?

[bmarum]

Interesting that the drop was caused by a decline in the price of new homes while resale prices increased. I wonder what, if anything, that means.

[PD]

I thought that was interesting too.

[Carlsbadliving]

It means that the builders know what’s coming and are slashing prices to get out as fast as possible. They can’t sit on inventory like the resale market. Resales are sticking tough on their prices and finding enough fools to buy to keep the resale median afloat.

[Author]

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