Saturday, March 29, 2008

San Diego Snapshot 3/28/2007

Figure 1 shows the inventory of SFRs in the county that meet the following criteria:

1) Cost < $500K
2) Bedroom >3
3) Bathrooms >2
4) Living Area >1750 sq ft





The figure 2 below shows the short sales for the same period:


I started tracking this last year and missed a few months, however you can see that the rise in both cases has been nearly exponential.

Homes are becoming more affordable and while owners are quickly becoming upside down on their biggest investments.