Type New Listings Pendings New Listings/Sales Ratio
Single Family Homes
West of I-5 (92024)
12 3 4 to 1
30 homes were available. 3 went into escrow for a percentage of only 10% of available properties sold.
Downtown Condos
(92101)
168 52 3.2 to 1
2-4 Units
(92101 - 92120)
116 28 4 to 1
461 homes were available. 28 went into escrow for a percentage of 6% of available properties sold.

The market declined from March. There was increasing inventory in all categories and the percentage of sales to total inventory was less than for March 2007.

UCLA’s Anderson Forecast is expected today to project “the worst is over for San Diego County”.

Real Estate Investment is not an exact science. I continue to advise it’s important to maintain liquidity to ride out a down market as well as take advantage of opportunities that may come your way.

 

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