San Diego had positive gains straight through the Covid-19 era:
San Diego Non-Seasonally-Adjusted CSI changes
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The index should continue to rise more than 2% month-over-month over the next few readings.
Wifey did this for me because I left this morning before the new number was released. We’re heading for more than 20% appreciation this year! San Diego jumped into the #2 slot for the whole country too! From cnbc:
The cities with the largest gains continue to be Phoenix, San Diego and Seattle. Prices in Phoenix gained 17.4% year over year, followed by San Diego with a 17% increase and Seattle with a 15.4% increase. Nineteen of the 20 cities reported stronger price gains in the year ended February 2021 versus the year ended January.
Even as vaccines are distributed more widely and Americans start to emerge back into the economy, the desire for larger living spaces with more outdoor amenities appears not to be waning.
“This demand may represent buyers who accelerated purchases that would have happened anyway over the next several years,” said Lazzara. “Alternatively, there may have been a secular change in preferences, leading to a permanent shift in the demand curve for housing. Future data will be required to analyze this question.”
So the median SD home that is $700k today will be, $700,500 tomorrow. Check my math.
> may represent buyers who accelerated purchases that would have happened anyway
Remember that bull pucky about seniors reinvigorating the core cities? Once again revealed preference trumps stated preference.