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Still No Spring Rally for Median Home Prices



The size-adjusted median price for San Diego resale homes fell again in May, dropping 2.0 percent from April's median.

However, that number hid some widely disparate behavior between property types: the size-adjusted median was actually flat for single family homes while it fell a whopping 5.9 percent for condos.

From the peak of the series in September 2005, the size-adjusted median has fallen 28.0 percent for single family homes, 32.5 percent for condos, and 29.6 percent in aggregate. The bulk of that decline has taken place within the past year.

-- RICH TOSCANO



A Nerd's Eye View

Rich Toscano is a financial advisor with Pacific Capital Associates*;
he also writes about San Diego real estate at Piggington's Econo-Almanac.
Contact him at rtoscano@pcasd.com.

Consultants vs. Lifeguards & Librarians:

 

Controversy over who is left in and who is left out of the mayor's budget.

Wednesday, June 18 -- 5:16 pm

More on the Dem Party:

 

The story has really sparked conversation.

Wednesday, June 18 -- 2:30 pm

Hang Up, Drivers:

 

SDPD will give drivers a 30-day grace period on the new cell phone law.

Wednesday, June 18 -- 12:25 pm


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SURVIVAL IN SAN DIEGO

Neighborhood Market: City Heights :

 

What do you know about the market in City Heights?

Tuesday, June 17 -- 5:42 pm

LETTERS TO THE EDITOR

The Democrats Are Here:

 

The story wondering where the Democrats were is long on quotes from armchair analysts and short on facts that might show a more balanced view.

Wednesday, June 18 -- 2:53 pm

CAFÉ SAN DIEGO

Out for a Bit:

 

Recovering from elections, the Café San Diego staff will be taking some time to get the new schedule together.

Tuesday, June 17 -- 6:47 pm

COMMENTARY: SLOP

Part I: Reality and the Airport :

 

The local paper reports that flights will be cut back but these bits of fact never have mattered to its editorialists.

Sunday, June 15 -- 6:01 pm

COMMENTARY: RICH TOSCANO

Prices Way Down, Sales Way Up :

 

The most beaten-down neighborhoods are enjoying a resurgence of home sale activity while the more resilient areas stagnate.

Tuesday, June 17 -- 10:18 pm

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This Just In

Veto Override Vote Set for Friday:

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Aguirre, Morris & Severson:

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Dec. 4 -- 11:49 am


Zucchet: Not Much to Add:

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Dec. 4 -- 11:47 am


SURVIVAL IN SAN DIEGO

Tales from a House Hunt: Chapter V:

 'At this point, if we lose it, we know it wasn’t to be.'

Dec. 3 -- 10:43 am



LETTERS TO THE EDITOR

Lam's Dismissal Justified:

 Former U.S. Attorney's tenure was marked by unsubstantiated prosecutions and failure to protect the border.

Dec. 3 -- 6:37 pm



CAFÉ SAN DIEGO

A Taxing Question:

 Considering the potential gains, would $2.50 per gallon for gas be that bad?

Dec. 2 -- 4:49 pm



COMMENTARY: SLOP

Chula Vista Manager: Yet More Pain Could Be Coming:

 The city will have to deal with a lingering gambling problem.

Dec. 3 -- 4:05 pm



COMMENTARY: RICH TOSCANO

Unemployment Likely to Keep Rising:

 Past recessionary patterns indicate that San Diego unemployment could climb for quite a while yet.

Dec. 2 -- 9:19 pm


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