Thursday, March 24, 2011

San Diego, CA 92154 Property Values Decline 11.5% and Bank/Short Sales Increase

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In the San Diego, CA zip code of 92154 the median home value has declined 11.5% over the past year indicating a declining property values trend.  There are currently 3 months of housing inventory indicating a balanced demand/supply trend.  Properties sold after a median of 56 marketing days indicating a marketing time trend of under 3 months.  87% of all sales over the past 3 months were bank sales or short sales which is a sharp increase from 57% from the same period last year.  See Statistical Graph Exhibit for more detail.

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