San Diego Case-Shiller Index, June

by | Aug 27, 2020 | Jim's Take on the Market, Same-House Sales | 4 comments

I’ve been pedaling so fast these days, I forgot all about the Case-Shiller Index on Tuesday:

San Diego Non-Seasonally-Adjusted CSI changes:

Observation Month
SD CSI
M-o-M chg
Y-o-Y chg
January ’19
251.30
-0.2%
+1.3%
Feb
253.69
+0.9%
+1.1%
Mar
256.40
+1.1%
+1.2%
Apr
257.63
+0.5%
+0.8%
May
260.08
+1.0%
+1.1%
June
261.90
+0.7%
+1.3%
July
263.66
+0.7%
+2.0%
Aug
263.23
-0.2%
+2.3%
Sep
263.26
0%
+2.8%
Oct
262.56
-0.2%
+2.7%
Nov
263.18
+0.2%
+3.9%
Dec
263.51
+0.1%
+4.7%
Jan ’20
264.04
+0.2%
+5.1%
Feb
265.34
+0.5%
+4.6%
Mar
269.63
+1.6%
+5.2%
Apr
272.48
+1.1%
+5.8%
May
273.51
+0.4%
+5.2%
June
274.91
+0.5%
+5.0%

The corona might have slowed down pricing a tad, but with the ultra-low rates, we should be back to 1.0% monthly increases over the next few readings.

4 Comments

  1. Rob_Dawg
    Rob_Dawg on August 27, 2020 at 9:56 am

    Nov ’05. the coffee bet! No bet this time.

  2. Jim the Realtor
    Jim the Realtor on August 27, 2020 at 10:29 am

    Pricing will probably change by 10% in the next year…..just not sure if it’s up or down!

    Mid-range coastal markets like San Diego and Ventura should see their lower-end pricing go up 10% easily in the next year.

    The NSDCC Over-$3,000,000 market today has 287 for sale and 67 pendings, which is great, historically. But by January it will likely be back to 10:1.

    Could we have the high-end pricing drop 10%, while the low-end goes up 10%? Absolutely.

    All it would take is the fear factor to kick in. Rioting in Kenosha won’t be enough, but if the killing comes to the streets of San Diego and a few homeowners who paid $2,000,000 a few years ago who are listed for $5,000,000 now have to take $4,500,000 to get out, they could do it.

  3. WC Varones
    WC Varones on August 27, 2020 at 4:57 pm

    North County Coastal’s gotta be like 30% – 40% above prior peak, right?

  4. Rob_Dawg
    Rob_Dawg on August 28, 2020 at 6:48 am

    The base price for any truly exurban property will continue to rise. Not just demand but they aren’t profitable to build and so aren’t. As you say, north county SD, Moorpark Thousand Oaks Camarillo will see price compression up in the under $800s.

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