No Spring Rally Just Yet
Despite the seasonal tendency for home prices to rise in the spring, San Diego resale prices fell again last month. At least, that is, according to the size-adjusted median price, which is the more timely but less accurate price indicator that we cover here at the Nerd's Eye View.
 Between March and April, the size-adjusted median resale price fell 3.3 percent for single family homes, .3 percent for condos, and 2.3 percent for a volume-weighted aggregate of the two.
From the peak of the series in September 2005, the size-adjusted median price has fallen 27.6 percent for single family homes, 28.5 percent for condos, and 28.0 percent overall.
Keep in mind that these countywide figures lump together multiple areas that are actually holding up quite differently. Some markets are doing a lot better than the graph to the right would indicate -- and some a lot worse.
The most recent release of the three-tiered Case-Shiller index helps to show this disparity, but there is a lot of variation even within the three price tiers. I discussed the nature of the regional differences in more detail last month.
-- RICH TOSCANO
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The El Cajon Police Department launches a new community website.
Tuesday, May 13 -- 5:47 pm
Not much clarity yet on what happens next in the city's labor talks.
Tuesday, May 13 -- 5:35 pm
Who's wrong? Almost everyone, apparently.
Tuesday, May 13 -- 12:08 pm
SURVIVAL IN SAN DIEGO
A reader's take on a neighbor's abrupt departure.
Tuesday, May 13 -- 3:01 pm
LETTERS TO THE EDITOR
'Although I don’t take pride in it, I will take full responsibility for suggesting [Phil Thalheimer's 2004] no developer or special interest/lobbyist contribution strategy.'
Tuesday, May 13 -- 1:54 pm
CAFÉ SAN DIEGO
EHC members want to see Barrio Logan redeveloped and improved, but to the benefit of its residents, local businesses and historic cultural heritage. Big developers and speculators have other interests.
Thursday, May 8 -- 4:37 pm
COMMENTARY: SLOP
Steve Francis says he's giving 'more thoughtful answers' on immigration -- not flip-flopping.
Monday, May 12 -- 9:33 pm
COMMENTARY: RICH TOSCANO
Foreclosure filings piled up at their fastest pace yet in April.
Monday, May 12 -- 11:37 pm
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Her exit from a redevelopment post in West Palm Beach similar.
Thursday, July 24, 2008 -- 7:15 pm
Nancy Graham explains her resignation.
Thursday, July 24, 2008 -- 4:53 pm
In addition to auditing SEDC, the city will also look at three other city agencies.
Thursday, July 24, 2008 -- 4:47 pm
SURVIVAL IN SAN DIEGO
She's getting some deserved vacation, but will be back soon.
Wednesday, July 23, 2008 -- 4:13 pm
LETTERS TO THE EDITOR
Aguirre shows them who's boss.
Thursday, July 24, 2008 -- 4:18 pm
CAFÉ SAN DIEGO
Thirty years after Blackout Pete implemented his redevelopment model for San Diego, it's time for a major overhaul.
Thursday, July 24, 2008 -- 7:56 pm
COMMENTARY: SLOP
This isn't a job. It's a mission. And we're eating up every moment of it. Join us.
Wednesday, July 23, 2008 -- 3:57 pm
COMMENTARY: RICH TOSCANO
June made for another record-setting month in San Diego foreclosure activity.
Tuesday, July 22, 2008 -- 12:34 pm
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