San_Diego_Real_Estate_-_San_Diego_Homes_for_sale

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					Title:
San Diego Real Estate - San Diego Homes for sale

Word Count:
442

Summary:
San Diego Real Estate, San Diego Homes for Sale, Pacific Beach Real
Estate, Pacific Beach Homes for Sale, Carmel Valley Real Estate, Carmel
Valley Homes for Sale, Carmel Mountain Real Estate, Carmel Mountain Homes
for Sale, Mission Bay Real Estate, Mission Bay Homes for Sale, Scripps
Ranch Real Estate, Scripps Ranch Homes for Sale, Tierrasanta Real Estate,
Tierrasanta Homes for Sale, Mission Valley Real Estate, Mission Valley
Homes for Sale, Point Loma Real Estate, Point Loma Homes for Sale.


Keywords:
San Diego Real Estate, San Diego Homes for Sale, Pacific Beach Real
Estate, Pacific Beach , Carmel Valley Real Estate, Carmel Valley Sale,
Carmel Mountain Real Estate, Carmel Mountain Homes for Sale.


Article Body:
SAN DIEGO REAL ESTATE MARKET, CALIFORNIA
JANUARY-APRIL, 2006 PERFORMANCE

Now that the Memorial Day parties have finished and the summer home
buying season has begun, this is a good time to look at the performance
of the San Diego Real Estate Market. This analysis focuses on the period
beginning January 1, 2006 through April 30, 2006.

Perhaps the best place to begin is to look at the number of homes sold
for each of these four months.

In January of 2006, 1,115 homes sold in San Diego County versus 1,523
homes January 2005. This represents a 26.8% drop in sales. In February
of 2006, 1,140 homes sold in the County, compared to 1,491 in February
2005, which represents a 23.5% decrease. In March 2006, 1802 homes sold,
compared to 2,191 in March 2005, which represents a 17.8% decrease. In
May of 2006, 1604 homes sold, compared to 2409 in April 2005, which
represents a 33.4% drop. So the market has clearly turned now from a
“sellers” market, to more of a balanced or “buyer-friendly” market.

Just as interesting is the change in the time it takes to sell a home. In
January of 2005, on average, it took 61 days to sell a home, compared to
69 days in January 2006, which represents a 13.1% increase. In February
2005, the average home took 60 days to sell, compared to 68 days in
February 2006, which is a 13% increase. In March 2005, on average, homes
took 54 days to sell, compared to 67 days in March 2006, which represents
a 24.1% increase. In May 2005, on average, homes took 51 days to sell,
compared to 63 days in May 2006, which represents a 23.5% increase.

The information above allows us to make some conclusions about the San
Diego real estate market for the first four months of 2006. First, while
the market remains robust, currently supply exceeds current demand,
allowing homebuyers more options and more negotiating power. This is also
producing a situation in which homes are staying longer on the market
before they sell, a stark contrast to the San Diego market for the last
few years in which demand has far outweighed supply.

If you are interested keeping up-to-date on the San Diego real estate
market, please go to http://www.sdhomedatabase.com. On this site, you
can search the MLS for San Diego homes and condos for sale, see home
pictures, addresses, virtual tours, and tax information. You can also
evaluate the characteristics of every community in San Diego, evaluate
the quality and performance of schools in this region, see featured home
sale listings, and evaluate and apply for various home loan programs.
SDHomeDataBase.com is part of the Realty Executives network, an
international real estate firm with approximately 15,000 agents
worldwide.

For more information, contact:

Rocky Lall, MBA, Realtor, e-pro
Accredited Buyer Representative
Realty Executives
7510 Clairemont Mesa Blvd
Suite 206
San Diego, CA 92111
rocky@sdhomedatabase.com
(619) 980-2702

				
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