Brokerforyou looked at seven areas in San Diego (Chula Vista, Downtown,
Fashion Valley, La Mesa, Mission Valley, Pacific Beach, and San Carlos) to
provide a more accurate sales trend. Keep in mind that we are still in the
process of checking on seller concessions for the 2007 sales prices. As seller
concessions are very common today and can range up to 3% of the sales price, one
must consider the facts noted below to actually be reflecting a milder decline
vs. the real net to the sellers.
|
Area |
Average $ Drop |
% of ’05 Avg Sale |
|
Chula Vista |
$84,167 |
16.6 |
|
Downtown |
$92,300 |
24.2 |
|
Fashion Valley |
$98,917 |
17.5 |
|
La Mesa |
$51,667 |
15.5 |
|
Mission Valley |
$85,334 |
26.9 |
|
Pacific Beach |
$98,917 |
17.5 |
|
San Carlos |
$57,233 |
14 |
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For the seven San Diego neighborhoods noted above, the average value drop was
19% from 2005 closed sale prices. The largest average declines were Mission
Valley at 26.9% followed closely by Downtown (Little Italy) at 24.2%.[tags]San
Diego real estate bubble,
San Diego housing bubble,
San Diego real estate sales,
San Diego home values,
San Diego housing,
San Diego California real estate[/tags]
San Diego California real estate agents
Hardwood floor
