July 14, 2024

San Diego California resale condominium appreciation

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

had 10 or more closed sales in August 2008 & August 2007.

San Diego condominium valuesThe sales data was compiled by DataQuick Information Systems & published in the 9-28-08 edition of the San Diego Union-Tribune.

One should keep in mind the above chart is just for a one year period (August 2007 vs. August 2008) and

San Diego home values topped out around the Summer of 2005!

Lastly, I would note that these figures do not take into account the very prevalent seller concession (usually payment of thousands in the buyer's closing costs) necessitated by an ultra strong buyers market place.    

A few of our related prior posts were:

San Diego Real Estate Market … What Did You Expect?

San Diego Real Estate – 5th Largest Decline Through July

San Diego Home Sales Up … San Diego Home Median Price Drops

Southern California Home Prices Drop 34% in August

#1 Key To Purchasing Real Estate in the San Diego Market

San Diego California Home Sellers Lose Big

The San Diego California Real Estate Great Depression

Yale Professor … House Price Decline Could Be Worse than Great Depression

Survey Says Home Values Must Fall Another 14%

Jumbo Financing and the Impact on The San Diego Real Estate Market

Believe the local San Diego ‘experts’ that subprime delinquencies are slowing?

More homeowners than ever are selling at a loss!

San Diego County Foreclosures up 125% from 2007

 

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