Another review of the August detached-home sales is in order, due to requests for a more complete list, but also to examine the Case-Shiller claim that San Diego prices have gone up 14 months in a row (non-seasonally adjusted), and a cumulative 11% in the last year:
|Area – Zip Code||2009/2010 Sales||% chg.||2009/2010 $$-per-sf||% chg.|
|West RB 92127|
|All SD Co.|
Don’t put much stock, if any, into groups with 10 or fewer samples, and overall use any statistics with extreme caution (focus on the trends).
It looks like the mainstream media will continue to struggle with the plunging-sales-and-higher-prices whipsaw in the coming months. But look at Oceanside stats, not even on the lower-end has there been 11% gains in the last year. We’ll take a closer look at the Case-Shiller Index, but if I were you, I wouldn’t be betting in their futures parlour based on what you see on the street.