San Diego County home sales and prices continue climbing....

By
Real Estate Agent with HomeSmart Realty West CalBRE #01458572

If you leave a comment, Jim will visit your blog and comment.DataQuick is reporting that San Diego County home sales for July 2009 were up for the thirteenth month in a row, and home prices were up again, making it the seventh month in a row that prices have been up or flat.

Home sales totaled 3,809 in July 2009, up from 3,692 in June 2009 and up from 3,431 in July 2008.

The median price was $320,000 in July 2009, up from $314,250 in June 2009 but still down from $364,000 in July 2008.

Mission Valley condos, San Diego CAExperts caution, though, that rapid appreciation like that we saw in the early 2000's won't be back anytime soon. Personally, I think that's good. With rapid appreciation, people thought that their home was a bank ATM. The sooner we get back to people buying a home to live in, raise a family in, retire in, and perhaps even die in, the sooner we'll have a more stable real estate market and a better economy.

Inventory has also fallen, which I've know for a long time since the inventory at the 39 Mission Valley condos is absolutely abysmal. According to the San Diego Association of Realtors, the number of active listings was 8,889, which is a mere 2½ month supply using the July 2009 median price.

The California new home tax credit has expired, and the $8,000 Federal tax credit is due to expire on November 30, so if you're thinking about buying, now's the time to do it because you have to close escrow by November 30 to get that $8,000 Federal tax credit.

*****

Jim Frimmer, Realtor
Century 21 Award Mission Valley
California DRE License #01458572
619-729-5701
jimfrimmer@century21award.com

*****

Need help buying or selling a home in San Diego County?
Moving here to work on Stimulus Bill projects?
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I can help you find the best just the right home or just the right buyers
to meet your real estate needs, wants, and goals.

I'm available 24/7, so feel free to contact me by phone or email.

*****

This week's posts:

  1. San Diego County home sales and prices continue climbing.... - 8/18/09

Last week's posts:

  1. Kitty cat facts you might not know - 8/16/09
  2. What is the purpose of a pre-listing inspection? - 8/16/09
  3. Condo living - Saving at the grocery store - 8/16/09
  4. Condo living - Covenants, conditions, and restrictions - 8/16/09
  5. Lazing on a Sunday afternoon at the San Diego Zoo - 8/16/09
  6. Don't be lounging around.... - 8/15/09
  7. Condo living - The basics - 8/13/09
  8. What do YOU see? - 8/12/09
  9. Still trying.... - 8/11/09
  10. Mission Valley condos, San Diego CA: The Missions at Rio Vista - 8/10/09

Previous week's posts:

  1. Mission Valley condos, San Diego CA: Things to do - The San Diego Zoo - 8/10/09
  2. Mission Valley condos, San Diego CA: Federal Stimulus projects - 8/9/09
  3. Mission Valley condos, San Diego CA: Pandas at the San Diego Zoo - 8/9/09
  4. Can a business prevent you from blogging about them? - 8/8/09 - Featured
  5. Free concert tonight in La Jolla featuring yours truly - 8/7/09
  6. Check this out! What ActiveRain has done for me! - 8/6/09 - Featured
  7. Mission Valley condos, San Diego CA: You, too, can have a pool! - 8/6/09
  8. Mission Valley condos, San Diego CA: Condos make great second homes or vacation homes - 8/5/09
  9. Mission Valley condos, San Diego CA: Lucky dogs at The Lido - 8/5/09
  10. Mission Valley condos, San Diego CA: Hye Park - 8/3/09

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Rainmaker
1,129,104
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Mmmmm....interesting post.    This lack of inventory, plus consistent sales in the lower end residential, is mirrored in my area, too.    The luxury segment remains "flat".   

Aug 18, 2009 02:40 PM #1
Rainmaker
654,765
Realty Works Temecula
Realty Works Temecula - Temecula, CA
Real Estate, Temecula, Murrieta, Menifee

Same here Jim, I used to get Dataquick information free from my title rep before things became expensive for them.....where did you get your Dataquick info?

Aug 18, 2009 03:05 PM #2
Rainmaker
152,100
Kathy Knight
Intracoastal Realty Corp - Wilmington, NC
BROKER, ABR, CRS, GRI, SFR, Wilmington NC Homes and Beach Homes

WOW thanks a million Jim for saving me from failing to enter the Nature contest. I THOUGHT IT HAD GONE TO RUSSELl.  You and I am sure Zoe saved me. Wanted to get my entries in. Thanks for your help.  Its a lotta fun....

Aug 18, 2009 07:52 PM #3
Rainmaker
1,108,397
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Hey, Li - Our luxury market is still falling, but they started falling about two years later than everyone else, so there's apparently a pretty good lag between when the economy affects the middle class and when it affects the upper class.

Hey, Jane - My marketing guru and I still subscribe to the newspaper, which I read every morning while eating breakfast and having Zoey the Cool Cat wandering around under my chair.

Hey, Kathy - I've been looking at the entries as Russel has been cataloging them. Lots of good ideas, many which I'm sure I'll be able to use as well. I wanted to enter, but Russel said no since he didn't want people thinking that he did my entry for me. All I would have to have done is disclose the conflict of interest - LOL.

Aug 19, 2009 05:02 PM #4
Anonymous
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Rainmaker
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Jim Frimmer

Realtor & CDPE, Mission Valley specialist
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