Market Outlook San Diego County – Third Quarter 2011
Distress continues to exist in and affect the market in the third quarter of 2011, making
up 46% of overall sales. Following a seasonal pattern, total sales decreased from
the previous quarter (from 8,929 to 7,890), and sales in each of the five categories
decreased as well. From the second quarter to the third quarter, the number of
non-distressed sales (i.e. regular and new) declined by about 12%, whereas the number
of distressed sales (including REOs, foreclosures and short sales) was 11% lower.
Average prices in all five categories also fell, with changes ranging from -2% to
-10%. On a year-over-year basis, both sales and average prices declined from the
third quarter of 2010.
In the third quarter of 2011 …For the rest of the report please visit San Diego – Residential Real Estate Market Report