Comments on: Prices of San Diego Homes Diverge

By: Sabrina@new houses in sandpoint

Sabrina@new houses in sandpoint — Thu, 29 Jul 2010 14:35:52 +0000

I’m glad San Diego is doing good! I think prices will never really go down there. It’s one of the best places to settle down in — good, clean, beautiful environment, awesome weather, friendly people. I guess all these come with a price, huh?

By: chris@best 2 cheap

chris@best 2 cheap — Thu, 04 Mar 2010 11:34:53 +0000

It’s amazing that prices have been going up San Diego is one of the expensive places to live in the US but increasing especially during the financial housing crisis. This has probably not helped sales as the housing market has been slow in recent years and only now starting to pick up again.
chris@best 2 cheap´s last blog ..Adjustable Rate Mortgage

By: Dave

Dave — Sat, 06 Feb 2010 08:14:05 +0000

Interesting site, especially with the economy still the way that it is. I would be interested in seeing more information as 2010 goes along to see if your opinion changes.

By: Geoff

Geoff — Wed, 18 Nov 2009 17:42:22 +0000

A lot has changed over the past two years. It’s hard to say prices are plunging when the median price for October 2009 is higher than the median price a year ago. For all of 2009 the trend has been heavy demand and short supply of entry level homes in San Diego. Detached houses are feeling more upward price pressure than entry-level condos.

By: SEO SAN DIEGO

SEO SAN DIEGO — Wed, 04 Nov 2009 20:08:26 +0000

I just bought a two bedroom condo in Mission Valley for 180,000 on a short sale.

Two years ago these places were going for 425k, so I think the lower end market is still plunging.

By: Geoff

Geoff — Thu, 29 Oct 2009 16:10:03 +0000

I feel the same way that you do. It’s sometimes hard to tell where things stand. I think the $8K tax credit to first-time home buyers has been very effective at stimulating the lower end of the market. And that really is something that “trickles down” or up as the people who sell to first-time buyers usually either move up, or at the least, reinvest. I’m hoping for quick passage of the tax credit extension.

By: James Wheelock@Memorial Village

James Wheelock@Memorial Village — Wed, 28 Oct 2009 20:16:35 +0000

i believe it ultimately comes down to consumer sentiment. If the majority of the public decide that prices have bottomed than they have and you will only see up from there. If consumers do not believe prices have bottomed on average you will not see a strong recovery and any bottom that appears will be little more than a temporary standing place until federal incentives are used up. If the overwhelming majority of consumers believe prices are going to continue to fall they will despite government incentives.

Right now I think that we are sitting somewhere between neutrality with consumers and some are begining to believe that things are coming back around. Now this can easily evaporate if the Commercial bubble deflates to rapidly as it will put another umph behind increasing unemployment and if people do not have jobs they cannot buy.
James Wheelock@Memorial Village´s last blog ..Briargrove Subdivision