Feb ’08 San Diego Real Estate Market Update – West of the Five

February 27, 2008

NO, the economic outlook for San Diego isn’t getting any better as it relates to real estate, but I’ll share the trends and information as it becomes available. Don’t kill the messenger! This particular report is from LandAmerica and is for February 2008.

San Diego, California Real Estate Market Updates by City and Zip Code – West of the Five
Single Family Homes Only:
92037 La Jolla Market Update
92109 Pacific Beach Market Update
92106 Point Loma Market Update
92107 Ocean Beach Market Update
92118 Coronado Market Update

West of the Five Map

Taking a look at the Market Index Action for each zip code (which attempts to decipher between Buyer’s and Seller’s Markets) i’s obvious that we are experiencing a Buyer’s Market both on paper and in reality. And YES, I do think it is a good time for 1st time home buyers and investors to be in the market.

With these stats in mind I have to post an article I recently read, Investor Report from Realty Times. Read this article an then make 2008 the year you look back on in 10 years and say, “I’m glad I bought more property!”

Most people don’t know that they can access sales stats and information themselves directly from the local San Diego MLS HERE.