Year to Year Sales

Data Quick has produced their March results, and of all of the “Escondido” areas, 92026 did less poorly.

 

Now I realize that is not a ringing endorsement of the market, but March 2008 to March, 2009, 92026 single detached homes declined “only” 21.3%, while South Escondido declined 40.1%, East Escondido declined 32.4% and West Escondido declined 46%.

 

And I realize that Hidden Meadows is not in Escondido, but for home price purposes we are included.

 

I again caution reading too much into the numbers. A legitimate number would include an appropriate number of low, middle and upper priced homes, and as you know only lower priced homes were selling during most of that year. Those lower priced homes are the most under pressure from short sales and foreclosures, so obviously they will sell for less.

 

It is only recently that middle priced homes began to sell, and therefore be included in the mix.

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