San Diego real estate blog

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San Diego Home Values Take Huge Drop

 According to DataQuick Information Systems of La Jolla California, the median price of a home in the county for November fell 10% vs. November 2006. This marks the largest one-year drop recorded by DataQuick since it began keeping local records in 1988.

* To read the full post please visit the San Diego real estate blog. The exact page link is: http://www.brokerforyou.com/brokerforyou To subscribe to the San Diego real estate blog for free, our RSS feed is: http://www.brokerforyou.com/brokerforyou/?feed=rss2                                                 San Diego California real estate 

San Diego County High End Home Appreciation

 

San Diego California resale single family home appreciation

In the table below, www.brokerforyou.com looked at selected high value ($750,000 & up) home areas in San Diego that had 15 or more closed resales in 2007.

It seems that the San Diego upper value single family home resale market is doing quite well. This is especially true when compared to the huge value drops experienced in the San Diego condominium market as well as the sizable double digit losses in value seen in the median San Diego single family homes.  See our prior post on condominium values at:

San Diego California condominium values  Also, our prior chart on single family homes can be viewed at: San Diego California real estate values


 

October 2007 - *Percent Change is for the median price from the same month last year.

San Diego homes $750,000 and up. 

 

City/Area
Zip Code
# of Sales
Median
% Changed
Carlsbad SE 92009 23 $775,000 14.9%
Carlsbad SW 92011 16 $895,000 15.5%
Carmel Valley 92130 21 $912,000 -6.9%
Cordinado 92118 12 $1,462,500 -2.5%
Encinitas 92024 32 $790,000 -4.2%
La Jolla 92037 23 $2,352,500 62.2%
Mission Beach, Pacific Beach 92126 18 $495,000 -1.0%
Point Loma 92131 14 $949,000 17.0%
Rancho Bernardo W 92127 22 $855,000 19.2%
Scripps Ranch 92131 17 $785,000 9.0%

 © www.brokerforyou.com

Data source: www.dqnews.com as of November 15th, 2007

San Diego California Realtors

 

 

* To read the full post please visit the San Diego real estate blog. The exact page link is: http://www.brokerforyou.com/brokerforyou To subscribe to the San Diego real estate blog for free, our RSS feed is: http://www.brokerforyou.com/brokerforyou/?feed=rss2                                                 San Diego California real estate

Freddie Mac ... Home Values Decline … Largest in 25 Years

Freddie Mac announced recently that its Conventional Mortgage Home Price Index (CMHPI) Classic Series registered a 1.3 percent drop in U.S. home values during the third quarter of 2007 on an annualized basis, down from a revised second quarter 2007 annualized rate of 0.5 percent and the largest decline in 25 years. 

* To read the full post please visit the San Diego real estate blog. The exact page link is: http://www.brokerforyou.com/brokerforyou To subscribe to the San Diego real estate blog for free, our RSS feed is: http://www.brokerforyou.com/brokerforyou/?feed=rss2                                                 San Diego California real estate

San Diego home values over a one year period

In the table below, www.brokerforyou.com only looked at selected San Diego areas that

had 15 or more closed resales in 2007.

 

October 2007 - *Percent Change is for the median price from the same month last year.

City/Area
Zip Code
# 0f Sales
Median
Percent Changed*
Allied Gardens, Del Cerro 92120 16 $441,500 -12.7%
Chula Vista - E. Lake - Otay Ranch 91913 22 $532,500 -13.3%
Clairemont 92117 33 $505,000 0.0%
College 92115 15 $437,000 -3.2%
El Cajon 92020 23 $440,000 -16.2%
El Cajon 92021 17 $390,000 -24.3%
Encanto 92114 24 $345,000 -24.0%
Encinitas 92024 32 $790,000 -4.2%
Kensington, Normal Heights 92116 17 $560,000 -18.8%
La Jolla 92037 23 $2,352,500 62.2%
La Mesa, Mt. Helix 91941 21 $400,000 -16.2%
Lakeside 92040 16 $405,000 -15.0%
Mira Mesa 92126 18 $495,000 -1.0%
North Park 92104 16 $408,500 -11.2%
Poway 92064 22 $507,000 -12.2%
Scripps Ranch 92131 17 $785,000 9.0%
Spring Valley 91977 15 $355,100 -22.0%

 

 © www.brokerforyou.com

Data source: www.dqnews.com as of November 15th, 2007

* To read the full post please visit the San Diego real estate blog. The exact page link is: http://www.brokerforyou.com/brokerforyou To subscribe to the San Diego real estate blog for free, our RSS feed is: http://www.brokerforyou.com/brokerforyou/?feed=rss2                                                 San Diego California real estate

 

Fed Cuts Rates - Stock Market Tumbles

The Fed’s quarter-point cut in the federal funds rate to 4.25 percent was announced shortly after 2:15 p.m. ET and was the third straight rate cut from the Fed. The cut disappointed investors who had hoped for a more aggressive rate reduction of a half-percentage point. So, The market is currently down over 200 points on the Dow Index.\

Some of our prior posts on interest rates were: Fed Cuts .25% From Interest Rates To Help Housing Market, Housing Market Remains A “significant drag” On The Economy - Ben Bernanke, San Diego real estate - The effect of “qualifying” on prices in higher priced markets. part 2 , Home Mortgage Rates Actually HIGHER After Fed Rate Cut!, Economists Says . . . We’re not out of the woods yet!, Interest Rate Cut . . . Is This The Bottom Of The Real Estate Market?Greenspan on The Housing BustJumbo Loan Rates About to Hit Luxury San Diego Real Estate Sales, Fed cuts discount rate to 5.75% to Help Housing Bust          * To read the full post please visit the San Diego real estate blog. The exact page link is: http://www.brokerforyou.com/brokerforyou To subscribe to the San Diego real estate blog for free, our RSS feed is: http://www.brokerforyou.com/brokerforyou/?feed=rss2                                                 San Diego California real estate