SD Case-Shiller, Sept 2012
Posted By Jim the Realtor On November 27, 2012 @ 7:06 am In North County Coastal,Same-House Sales | No Comments
San Diego’s non-adjusted Case-Shiller Index for September increased for the eighth month in a row, and was +1.4% higher than the previous month – which was the biggest M-O-M gain of the year.
The latest reading of 160.09 was +4.1% higher than September, 2011, and the largest number since September, 2010 when we hit 162.43.
The local momentum should continue too, if our CSI follows the NSDCC trend:
| 2012 | Detached-Home Avg. $/sf |
| Jun | |
| Jul | |
| Aug | |
| Sept | |
| Oct | |
| Nov |
In the early going of 2013, expect fewer sales due to sellers going crazy-high with their list prices to test the market – and buyers picking off the cheapest only because they are the lowest-priced homes for sale, not because they are priced lower than comps.
Here is the percentage-change graph for the last ten years - we’re positive again!
[1]
Case-Shiller Home Price Index: San Diego, CA [2] data by YCharts [3]
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URL to article: http://www.bubbleinfo.com/2012/11/27/sd-case-shiller-sept-2012/
URLs in this post:
[1] Image: http://ycharts.com/indicators/case_shiller_home_price_index_san_diego/chart#series=calc:,type:indicator,id:case_shiller_home_price_index_san_diego&maxPoints=650&zoom=10&format=indexed
[2] Case-Shiller Home Price Index: San Diego, CA: http://ycharts.com/indicators/case_shiller_home_price_index_san_diego
[3] YCharts: http://ycharts.com
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