January
2011 San Diego Median Home Price Drop
San
Diego Median Home Price Drops
While it
is not unusual to see sales activity drop in our housing market over the
winter holidays , median home prices for December was robust in
comparison but our new year sales for January were somewhat
disappointing.
At the
end of November 2010, the median home price all all homes sold was
$330,000 for the county. In December 2010 the median was $333,000 but a
drastic drop in that number by the end of Jan to $304,000 indicates the
still strong influence of the distressed segment of the market which is
greater than was expected.
Other
experts still contend these new numbers were as much a reflection of the
general sluggishness of the holiday period. While the experts disagree
about what most influences the change, the numbers themselves reflect
the current market and we will have to wait for a trend to occur before
speculating further.
The
Year over Year figures are as follows:
Median
Price January 2010 December 2010
January 2011 Year over Year % Change
Single
Family $345,000 $360,000
$350,000 1.40%▲
Condos
$201,000 $212,000
$200.000 .72%▼
New
Homes $406,000 $500,000
$398,000 1.80%▼
_________________________________________________________________________________________
SD County $305,000
$333,000 $304,000 .30%▼
Sales
January 2010 December 2010 January
2011 Year over year % Change
Single
Family 1403
1927 1364 2.8%▼
Condos 735
935 746 1.5%▲
New
Homes 184
329 138 2.5%▼
________________________________________________________________________________________
SD County 2322
3191 2248 3.2%▼
Source: Data Quick Information
Services/ Union Tribune
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