Tuesday, August 30, 2011

San Diego Real Estate Market in the Last 36 Months

With everything going on in the economy I understand why people are hesitant to take the plunge into real estate but do not forget to keep an eye on interest rates.

The following charts show data of sold homes in San Diego County over the last 36 months with the exception of the first chart, which is the monthly average of the 30 year fixed mortgage interest rate. Even though this information is historical it does provide some indication of the direction the real estate market is going.

To keep it simple I broke down the data into price ranges and tracked the “price per square foot” on a month-to-month basis.

Several things to note when looking at the charts:
1) There are insufficient sold homes in the higher price ranges to provide meaningful results without critiquing the information more.
2) The Federal First Time Buyer credit expired November 2009 but was extended to June 2010.
3) In the last 36 months the US stock market lowest point was in February 2009.

CLICK on a chart to make it larger.



















Ben Altman
Tidal Realty
(610) 890-1063
www.877homes.com