San Diego County Now Cheaper than King

I thought it would be fun to check back in with an update on the San Diego / King County home price comparison I made back in March. As of the latest Case-Shiller data (February) home prices San Diego have fallen 24% from their November 2006 peak. The Seattle area has dropped 6.5% from its […]

Median Price Comparison: King & San Diego Counties

Here’s an interesting comparison. As of December’s Case-Shiller data, prices in San Diego County have fallen nearly 20% from their November 2005 peak. As of last month, their median price for all homes sold (single-family and condos) was $415,000 (source: San Diego Union-Tribune). In the Seattle area, December’s Case-Shiller put prices off 4% from their […]

Revisiting the Median Price Sales Breakdowns

I think it’s a good time to revisit the median price discussion that I first brought up last August. The median price is a decent indicator of the general direction of home prices, but it definitely has shortcomings. The biggest problem is that the median is largely influenced by the mix of sales between high […]

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Case-Shiller: Seattle Stagnant in July

The prediction (emphasis added): When July’s housing stats came out last week, the most confusing piece of data was that despite skyrocketing local inventory and tightening lending across the nation, the median price still jumped up 2.3% from June, bouncing back into double-digit YOY territory at a 10.6% increase since July 2006. … I believe […]

Median Price Not Telling the Whole Truth

When July’s housing stats came out last week, the most confusing piece of data was that despite skyrocketing local inventory and tightening lending across the nation, the median price still jumped up 2.3% from June, bouncing back into double-digit YOY territory at a 10.6% increase since July 2006. While the local press has their own […]