Double Dip in San Diego County Home Values?

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Written By H. Pike Oliver

On November 11, 2010, the San Diego Union posted an article reporting that San Diego County, as well as other key metro areas in California, might be experiencing a “double dip” in home prices. According to the article, " .  .  . The National Association of Realtors ranked San Diego as 50th best market out of 155 in terms of home-price appreciation in the third quarter, compared with the same period last year. The third-quarter median price for single-family resale homes was $387,600, up 2.5 percent year over year.  .  .  But the group also reported a downturn for San Diego from the second to the third quarter in terms of median prices.  Zillow.com picked up the same trend, based on estimated home values after excluding foreclosures. The Seattle-based company said San Diego and four other California markets were the only ones nationally that posted price declines in the third quarter after five quarters of increases."

H. Pike Oliver

H. Pike Oliver focuses on master-planned communities. He is co-author of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN, published by Routledge in 2022.

Early in his career, Pike worked for public agencies, including the California Governor's Office of Planning and Research, where he was a principal contributor to An Urban Strategy for California. For the next three decades, he was involved in master-planned development on the Irvine Ranch in Southern California, as well as other properties in western North America and abroad.

Beginning in 2009, Pike taught real estate development at Cornell University and directed the undergraduate program in Urban and Regional Studies. He relocated to Seattle in 2013 and, from 2016 to 2020, served as a lecturer in the Runstad Department of Real Estate at the University of Washington, where he also served as its chair.

Pike graduated from San Francisco State University's urban studies and planning program and received a master's degree in urban planning from UCLA. He is a member of the American Planning Association and the Urban Land Institute and a founder and emeritus member of the California Planning Roundtable.

https://urbanexus.com
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