The July 2008 HomeDex report is out and has some great stats. We’re happy to share the info with you and would be happy to supply you with the full report. Just email us if you want a copy. Here are some of the findings below:

Single-Family Detached Home Prices

•The median price for all homes in North San Diego County – single-family
detached and single-family attached – was $418,000 in June 2008.

The median-priced single-family detached (SFD) home in North San Diego
County fell 4.85 percent to $490,000 in June 2008 from $515,000 in May 2008.

•SFD median prices in Non-North County zip codes fell 3.75 percent to $385,000
in June 2008 from $400,000 in May 2008.

•June 2008 median SFD prices in North San Diego County decreased 26.5 percent
year over from $667,000 in June 2007. Median price declined 28.34 percent in
Non-North County from $537,250 in June 2007.

•The countywide median SFD price decreased to $418,000 in June 2008 from
$435,000 in May 2008, a 30 percent decrease from June 2007.

•The median days-on-market for North San Diego County SFD homes remained at
50 days in June 2008. The average number of days-on-market decreased to 73 in
June 2008 from 75 in May 2008.

• The SFD median price-per-square foot fell to $240 in June 2008 from $249 in
May 2008, and down from $305 in June 2007.

As you can see prices have continued the downward trend and interest rates are still incredibly low. As we’ve said many times, no one has the proverbial crystal ball, and the investors are back in droves. If you’re still sitting on the fence wondering what to do, you’re probably going to miss a great buying opportunity. If you’re waiting to get into a home and think you can time the bottom, talk to my ex-stockbroker.

Otherwise call you agent and seize the opportunity!

Homedex Reports and the information in them are supplied by the North San Diego County Association of REATORS®