This year so far compared to last has seen more activity in the real estate market for San Diego. The following charts show the seasonal lows for sold homes in January and February, but when compared to 2011 there is a noticeable increase. There is talk of another wave of foreclosures coming on the national level but don't expect much in San Diego as San Diego lead the real estate boom and its eventual crash.
The following charts show data of sold homes in San Diego County over the last 38 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 and its potential.
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.
Double click on a graph to make it bigger.
The following charts show data of sold homes in San Diego County over the last 38 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 and its potential.
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.
Double click on a graph to make it bigger.
