I hope everyone had a great Thanksgiving. We had about 20 hungry people at our house who enjoyed 3 deep fried turkeys and a bunch of delicious food. I think I've dropped a few of the pounds I gained but still have more to lose!
What follows is a summary of how our local San Diego county real estate market is performing. Keep in mind that this might not be the same as other local markets across the state or country because real estate is highly local and it is dangerous to assume that national reports apply accurately to any local sub-market.
Rather than explaining what is happening I am providing the chart below for a quick look, plus there are links to a bunch of articles below. I'd be happy to provide the data for any particular area of San Diego if you want the most accurate picture possible.
| San Diego Monthly Real Estate Summary |
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Active Now |
Active Last Month |
Change |
New Escrows This Month |
New Escrows Last Month |
Change |
Months of Supply Now |
Months of Supply Last Month |
Change |
| Detached |
7,869 |
8,334 |
-465 |
1,483 |
1,521 |
-38 |
5.31 |
5.48 |
-0.17 |
| Attached |
3,962 |
4,040 |
-78 |
704 |
783 |
-79 |
5.63 |
5.16 |
0.47 |
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| Contingents |
New This Month |
New Last Month |
Change |
Cont + Pending |
MOS C+P |
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| Detached |
1,951 |
2,016 |
-65 |
3,434 |
2.29 |
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| Attached |
1,468 |
1,512 |
-44 |
2,172 |
1.82 |
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| 12/1/2010 |
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| Market Types: |
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| < 5 months of supply: Seller's market, prices rising |
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| 5-7 months of supply: Neutral market |
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| >7 months of supply: Buyer's market, prices falling |
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During November 2010 the number of active listings fell and so did the number of newly opened escrows and contingent sales but overall the turnover rate improved slightly. Prices are in the neutral range.
Enjoy the articles below!
Rick Ungar is a Certified Distressed Property Expert, solving the foreclosure issue one homeowner at a time. Contact us today to learn about the best options to preserve your credit and buy again soon.
