{"id":3673,"date":"2008-12-16T09:06:25","date_gmt":"2008-12-16T17:06:25","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=3673"},"modified":"2008-12-16T09:06:25","modified_gmt":"2008-12-16T17:06:25","slug":"homes-in-san-diego-16-cheaper-than-in-king","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2008\/12\/16\/homes-in-san-diego-16-cheaper-than-in-king\/","title":{"rendered":"Homes in San Diego 16% Cheaper than in King"},"content":{"rendered":"

Just for kicks, let’s do an almost end-of-year check on the San Diego County \/ King County overall median price comparison.<\/p>\n

If you recall, back in March<\/a> San Diego County’s median was at $415,000, while King County’s was at $395,000. Our March “forecast” called for San Diego to fall to $366,771 by the end of the year (a 12% decline), while King held at $415,000, putting San Diego at a 7% discount by year end. Recall that this was based on these two allegedly reasonable assumptions:<\/p>\n

    \n
  1. King County home prices will remain flat through December. (Was portrayed as likely by local media.)<\/li>\n
  2. San Diego County home prices will continue to decline, at roughly half the rate they have dropped in the last six months.<\/li>\n<\/ol>\n

    Here’s the March forecast compared to the actual median prices recorded for King and San Diego counties:<\/p>\n

    \"King<\/a><\/p>\n

    It looks like our media-based assumptions were too generous for both King and San Diego. In reality San Diego prices have fallen a mind-blowing 27% over the last nine months, while here in King they have dropped 8%. Of course, this means that San Diego County (at $305,000) is currently priced at an even larger discount than the original prediction, with the overall median coming in 16% lower than King County (at $365,000).<\/p>\n

    It will definitely be interesting to see how long this discount holds. Will homes continue to sell at fire-sale prices in SoCal, while only dropping slightly in the Northwest? Time will tell.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Just for kicks, let’s do an almost end-of-year check on the San Diego County \/ King County overall median price comparison. If you recall, back in March San Diego County’s median was at $415,000, while King County’s was at $395,000. Our March “forecast” called for San Diego to fall to $366,771 by the end of…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[136,58,149,14,200],"coauthors":[],"class_list":["post-3673","post","type-post","status-publish","format-standard","hentry","category-stats","tag-california","tag-king_county","tag-median","tag-predictions","tag-statistics"],"yoast_head":"\nHomes in San Diego 16% Cheaper than in King \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2008\/12\/16\/homes-in-san-diego-16-cheaper-than-in-king\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Homes in San Diego 16% Cheaper than in King \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Just for kicks, let’s do an almost end-of-year check on the San Diego County \/ King County overall median price comparison. 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