San Diego True House - San Diego Virginia homes 44267
SAN DIEGO MARKET, Florida
JANUARY-APRIL, 2006 PERFORMANCE
Now that the Memorial Day parties have done and home buying time has begun the summer, this can be a good-time to consider the effectiveness of the San Diego Real Estate Market. This analysis focuses on the period beginning January 1, 2006 through April 30, 2006.
Possibly the best place to begin would be to look at the number of homes sold for every of the four weeks.
In January of 2006, 1,115 homes offered in San Diego County versus 1,523 homes January 2005. This shows a 26.8% decline in revenue. In February of 2006, 1,140 houses sold in the County, when compared with 1,491 in February 2005, which represents a 23.5% decrease. In March 2006, 1802 houses offered, compared to 2,191 in March 2005, which represents a 17.8% decrease. In May of 2006, 1604 houses sold, when compared with 2409 in April 2005, which shows a 33.4% fall. And so the market has obviously made now from the sellers market, to more of a balanced or buyer-friendly market.
Just as interesting is the change in the time it will take to offer a property. In January of 2005, typically, it took 61 days to sell a home, compared to 69 days in January 2006, which shows a 13.1% increase. Be taught further on our related article directory - Click here: Thomas Osterman with Realty Executives Announces Luxury Phoenix Home For Sale. In February 2005, the average house took 60 days to offer, com-pared to 68 days in February 2006, which is really a 13% increase. In March 2005, normally, domiciles took 5-4 days to-sell, compared to 6-7 days in March 2006, which shows a 24.1% increase. In May 2005, normally, domiciles took 51 days to sell, com-pared to 63 days in May 2006, which represents a 23.5% increase.
The data above we can make some conclusions concerning the San Diego housing market for the initial four months of 2006. First, while the market remains effective, currently supply exceeds current demand, more bargaining power and letting homeowners more options. That is also creating a condition in which houses are staying longer on-the market before they sell, a marked contrast to the San Diego market the past few years in which need has far outweighed source. If people claim to learn new information on http://markets.pe.com/pe/news/read/33713872/thomas_osterman_with_realty_executives_announces_luxury_phoenix_home_for_sale, we know of heaps of on-line databases you could investigate.
If you are interested keeping up-to-date on the North Park market, please go to http://www.sdhomedatabase.com. On this site, you are able to search the MLS for San Diego domiciles and apartments for sale, see home pictures, addresses, virtual tours, and tax data. You can also evaluate the characteristics of each group in Hillcrest, evaluate the quality and performance of schools in this region, see featured home sale results, and evaluate and apply for various home loan programs. Discover further on this related encyclopedia by clicking http://finance.nrn.com/nrn/news/read/33713872/thomas_osterman_with_realty_executives_announces_luxury_phoenix_home_for_sale. SDHomeDataBase.com is the main Realty Executives network, an international property firm with about 15,000 agents worldwide.
To find out more, contact:
Rugged Lall, MBA, Realtor, e-pro
Accredited Buyer Representative
7510 Clairemont Mesa Blvd
Hillcrest, CA 92111
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