How is that spring selling season coming along?

North San Diego County Coastal detached sales and pricing, January through May (5 months):

Year # of Sales Avg. $/sf
2000
1,377
$268
2001
1,117
$289
2002
1,568
$292
2003
1,411
$330
2004
1,380
$427
2005
1,244
$472
2006
1,109
$487
2007
1,120
$456
2008
814
$457
2009
696
$399
2010
975
$382
2011
1,021
$374

The ez-qual, no money down loans up to $1.5 million finally stopped in the summer of 2007, so the best comparison is between the last four years.

Lately the momentum has started to wane, and those attempting to sell need to adjust their price if they think they are going to get out this summer:

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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