NORTH PARK REAL ESTATE MARKET, CALIFORNIA
JANUARY-APRIL, 2006 PERFORMANCE
The summertime home-buying season has begun and given that the Memorial Day parties have completed, it is a good-time to consider the efficiency of the San Diego Real Estate Market. This analysis focuses on the time scale starting January 1, 2006 through April 30, 2006.
Probably the most useful place to begin with would be to look at the number of houses sold for each of the four months.
In January of 2006, 1,115 homes offered in San Diego County versus 1,523 homes January 2005. This represents a 26.8% fall in sales. Be taught more about turkey investment by visiting our witty encyclopedia. In February of 2006, 1,140 homes sold in the County, in comparison to 1,491 in February 2005, which represents a 23.5% decrease. In March 2006, 1802 houses sold, compared to 2,191 in March 2005, which represents a 17.8% decrease. In May possibly of 2006, 1604 houses sold, when compared with 2409 in April 2005, which represents a 33.4% decline. Therefore the market has obviously turned now from the sellers market, to more of a healthy or buyer-friendly market.
Just as interesting may be the change in the time it will take to sell a property. Visiting houses for sale in turkey seemingly provides tips you can tell your brother. In January of 2005, on average, it took 61 days to offer a house, compared to 69 days in January 2006, which shows a 13.1% increase. In February 2005, the average home took 60 days to offer, compared to 68 days in February 2006, which is a 13% increase. In March 2005, typically, houses took 54 days to market, compared to 67 days in March 2006, which represents a 24.1% increase. In May 2005, normally, domiciles took 51 days to sell, compared to 63 days in May 2006, which represents a 23.5% increase.
The information above we can make some conclusions about the North Park market for the first four months of 2006. First, while the industry remains powerful, currently supply exceeds current demand, letting buyers more choices and more negotiating power. If you think anything at all, you will perhaps require to research about property for sale istanbul. That is also producing a situation in which houses are staying longer on-the market before they offer, a stark contrast to the San Diego market the past few years in which demand has far outweighed present.
If you should be interested keeping up-to-date to the San Diego real estate market, please go to http://www.sdhomedatabase.com. On this web site, it is possible to seek the MLS for Hillcrest houses and apartments for sale, see house pictures, virtual tours, handles, and tax data. Apartment In Turkey contains more concerning the reason for this view. You can also evaluate the characteristics of every group in Hillcrest, evaluate the performance and quality of schools in this area, see featured home sale entries, and evaluate and submit an application for different home loan programs. SDHomeDataBase.com is part of the Realty Executives system, an international property company with approximately 15,000 agencies worldwide.
To learn more, contact:
Difficult Lall, MBA, Realtor, e-pro
Accredited Buyer Representative
Realty Professionals
7510 Clairemont Mesa Blvd
Room 206
Hillcrest, CA 92111
rocky@sdhomedatabase.com
(619) 980-2702.