July 14, 2024

In the table below, www.brokerforyou.com looked at selected San Diego neighborhoods that had 15 or more closed single family homes & condominium sales in May 2009 & May 2008. The graph shows the median sales prices.

The largest drop in San Diego home values on this chart was for Mission Valley. Mission Valley is composed of all condominiums and San Diego condominium values have been leading the value declines throughout San Diego County.

San Diego Home Price Drops
San Diego Home Price Drops

Data compiled by MDA DataQuick & published in the San Diego Union-Tribune. Chart produced by www.brokerforyou.com

One should keep in mind the above chart is just for a one year period (May 2009 vs. May 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 concessions (usually payment of thousands in the buyer’s closing costs) necessitated by an ultra strong buyers market place.

San Diego downtown real estate

3 thoughts on “San Diego Home Price Drops

  1. It seems San Diego has gone from boom to bust overnight.

    In the long term real estate always bounces back and people should take advantage of these slow periods if they really want to get a good return on their investments

    Hoodia Diets

Comments are closed.