Here is the March sales activity reported in a fairly unbiased manner. But the realtors blamed year-over-year drop on winter?
From KPBS:
http://www.kpbs.org/news/2014/apr/08/san-diego-real-estate-market-shows-improvement/
Real estate in San Diego regained some ground in March, with the median price of a single-family home rising 4.3 percent to $490,000, according to the San Diego Association of Realtors.
In a report issued Monday, the local real estate group said the price of a house sold in March was 4.3 percent higher than in February and up 13.4 percent compared with March 2013.
Sales were up 32.5 percent, with nearly 1,800 homes sold last month. But compared with sales in March 2013, sales were down 15.4 percent, according to the association.
Condominium and townhouse prices were up 1.7 percent month-to-month, with the median price at $305,000. Compared with last March, prices were up 7 percent. Sales were up 14.7 percent, with 827 units sold in March.
Compared to last year, sales of condominiums and townhomes were down 17.3 percent.
Year-to-date figures reflect a wintertime slowdown in the market, according to the association.
In the first quarter of the year, nearly 4,500 single-family homes sold, down 18.7 percent from same quarter in 2013. Quarter-to-quarter condominium and townhome sales — 2,300 — were down 9.6 percent.
It would seem the real issue would be available inventory. And, how this would impact both volume and price.
Housingtracker is showing a huge spike this week, a little more supply would be to everyone’s benefit. Then again, in NCCSD, where do you move? Texas, Idaho, Arizona? No thanks.
I wonder if by “wintertime” they mean “seasonal”?
They may have meant seasonal but the comparison was 1Q14 to 1Q13, which is the same season.
I’d comment, but I am completely consumed with wondering who will be the big winner in the bubbleinfo megapowerballotto for baseball tickets.
3 offers and we took $710,000 cash. If it sticks it means we have a tie, which will cost me 2 sets of tickets. But it ain’t over yet.
There were several others close to writing but in the end the 1,424 sf wasn’t enough.