January 2009 – The total inventory of available homes in San Diego this month stands at 15,431. Foreclosures make up the majority of the market, accounting for 9,593 or 62% of homes for sale. Existing home sales represent 38% of the market (5,813 homes) and new homes represent 0.2% of the market (25 homes).
The good news is that foreclosures create a great purchase opportunity, given their reduced costs. Buyers will get more square footage for every dollar spent and will benefit from low interest rates.
Posted by Travis Houston 
westofthefive.wordpress.com 
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