Thoughts regarding San Diego’s detached and attached sales + pricing mix:
1. Elective sellers plan around the seasons.
2. Bank-involved sales aren’t as seasonal, and appear to be well-managed.
3. This wasn’t the year of the short sale.
There were only 5% more short sales completed during the first 10 months of 2011, than in the same period of 2010. Next year might get a boost from the threat of the debt-relief tax exemption expiring at the end of 2012, but sellers sure are nonchalant about selling/giving up the free-rent program.
4. Generally, the county-wide pricing is on a very slow descent, and mostly flat this year.