San Diego is My Home

15
Apr

Homes Facts

Author: HelenKay, Category: Housing, Neighborhoods, News

It’s a fabulous day to be a San Diego resident. The sun is out. Then weather is lovely, as usual. It’s spring. And…your house is worth almost nothing. Well, that’s not true. It’s worth a lot less than it was at this time last year. There’s that’s better. Uh-huh.

A new report says the County’s median home price has dropped below $400,000 for the first time since 2003. That’s great news for buyers. Really bad news for anyone who purchased a home in the County since 2003. Yeah, that would be me. The culprit is the foreclosure crisis.

There are a whole bunch of horrifying statistics about how the median was $517,000 in November 2005. In case you’re mathematically challenged, that’s a decrease of more than $100,000 in two years. I will refrain from passing on any additional bad news. But is anyone else feeling queasy?

Leave a Comment

05
Apr