1 of 7 photos San DiegoCA For Sale $449,0004 Beds / 2 Baths
REE 24 HOUR RECORDED INFO AT 1-800-433-0203 EXT 101.
This updated 4 Bedroom 2 Bath home is in a prime location on a corner lot in a quiet, friendly neighborhood of Clairemont...
1 of 2 photos EncinitasCA For Sale $549,9003 Beds / 2 Baths
This single story home is located in Village Park. This is a great neighborhood with parks and walking trails. The home has a fireplace in the living room to cozy up to with your friends and family...
1 of 7 photos San DiegoCA For Sale $449,0004 Beds / 2 Baths
REE 24 HOUR RECORDED INFO AT 1-800-433-0203 EXT 101.
This updated 4 Bedroom 2 Bath home is in a prime location on a corner lot in a quiet, friendly neighborhood of Clairemont...
1 of 11 photos EncinitasCA For Sale $420,0004 Beds / 1 Baths
Charming home faces west to enjoy the gorgeous sunset views. Perched high on the hill for lovely ocean breezes. The kitchen is light and bright with white cabinets, center island and tile flooring...
1 of 1 photos JamulCA For Sale $399,0005 Beds / 5 Baths
5 BR and 5 BA, Custom Built Home on OVER 2 ACRES of usable land!
Put your own finishing touches on the interior and landscaping to complete this home and make it amazing!..
1 of 9 photos San DiegoCA For Sale $399,0002 Beds / 3 Baths
REDUCED! This townhome is located in a quiet complex Chateau Village. This complex features pool, spa and tennis courts. You will feel the openness with the vaulted ceiling...
1 of 7 photos SanteeCA For Sale $369,9003 Beds / 4 Baths
Must see the breath taking views in Northstar at Sky Ranch this complex is nestle in the hills of Santee. You will feel at home in this upgraded townhome...
1 of 1 photos San Diego For Sale $324,9004 Beds / 2 Baths
4BR/2.5BA
From the front porch you can see the OCEAN! Handyman special - bring your tool belt and fix this home up! Large back yard - for you to create your own private haven...
1 of 3 photos San DiegoCA For Sale 2 Beds / 2 Baths
This townhome features 2 bedrooms and a loft. Once you are inside it feels spacious with high ceilings and many windows. Use the loft for an office or extra bedroom...
1 of 2 photos San DiegoCA For Sale 4 Beds / 2.5 Baths
This 4 bedroom home is spacious and on a large lot. Cosmetic fixer with tons of potential. The property has a view of the hills. Close to freeway - near parks and schools...
1 of 12 photos San DiegoCA For Sale $369,9003 Beds / 2 Baths
A desirable area with a Charming 3 bedroom home! Updated and well kept home has recently painted inside and out with newer glazed windows and front security gate...
Typical Family Buyer Homeowners have a seemingly insatiable appetite for information about the housing markets. "Are prices going up?
How's the market? Is now a good time to sell?" they ask. Research reports and newspaper articles provide useful
answers, but the information is usually buried in economic jargon. What is a "median price" anyway? What
does "seasonally adjusted" mean? Does anyone understand "unsold inventory index?"
To help you follow the numbers, here are some helpful definitions:
Median price. An oft-cited indicator of the strength and direction of a housing market, a median price
is the midpoint of all the prices of San Diego homes sold in a given area during a specified period. Midpoint means half the San Diego homes sold for higher prices and half the San Diego homes sold for lower prices. The median isn't the same as the average, which would be calculated by totaling all the prices and dividing by the number of prices. The median price can be affected over time by the characteristics and sizes of San Diego homes sold as well as price trends. For example, if the market shifts from starter San Diego homes to luxury mansions, the median price will increase even if San Diego homes are not appreciating in value.
Seasonally adjusted. Housing markets are naturally more active in the spring and summer months because people prefer to move during the longer warmer days and between school years. That pattern means it's difficult to make meaningful comparisons between results for different months or quarters of the same year. To overcome this hazard, economists statistically tweak the reported number of San Diego homes sold during various periods to reflect seasonal variations. The tweaked numbers are denoted as "seasonally adjusted."
Price discount. The "price discount" is the percentage difference between the seller's initial asking price and the actual purchase price of the same home. For example, if a San Diego home were priced at $200,000 and sold for $190,000, the discount would be 5 percent. Price discounts are usually reported as an average for a set of San Diego home sale transactions. A small percentage, on average, means the market favors sellers, while a large average discount signals a buyer's market.
Unsold inventory index. This index, which indicates the pace of the market, is calculated by measuring how long it would take for all the San Diego homes currently on the market to be sold at the current rate of sales. A smaller index is a positive sign for sellers, while a higher number is good news for buyers.
Affordability index. An affordability index measures whether a typical family can qualify for a standard mortgage to purchase a typical home. A "typical" family is defined as one that earns the median income in a given area, and a "typical" San Diego home is defined as a median-priced single-family house in the same area. An index value of 100 means a median-income family has exactly the amount of income needed to purchase a median-priced home. A number higher than 100 means the family's income is more than adequate, while a number less than 100 means the typical family can't afford to buy the typical home.
Homeowners have a seemingly insatiable appetite for information about the housing markets. "Are prices going up?
How's the market? Is now a good time to sell?" they ask. Research reports and newspaper articles provide useful
answers, but the information is usually buried in economic jargon. What is a "median price" anyway? What
does "seasonally adjusted" mean? Does anyone understand "unsold inventory index?"
