Double Dip in San Diego County Home Values?

Uncategorized
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

Born and raised in the San Francisco Bay Area, H. Pike Oliver has worked on real estate development strategies and master-planned communities since the early 1970s, including nearly eight years at the Irvine Company. He resided in the City of Irvine for five years in the 1980s and nine years in the 1990s.

As the founder and sole proprietor of URBANEXUS, Oliver works on advancing equitable and sustainable real estate development and natural lands management. He is also an affiliate instructor at the Runstad Department of Real Estate at the University of Washington.

Early in his career, Oliver 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. Prior to relocating to Seattle in 2013, Oliver taught real estate development at Cornell University and directed the undergraduate program in urban and regional studies. He is a member of the Urban Land Institute, the American Planning Association and a founder and emeritus member of the California Planning Roundtable.

Oliver is a graduate of the urban studies and planning program at San Francisco State University and earned a master’s degree in urban planning at UCLA.

https://urbanexus.com
Previous

Annual Change in Value for Commercial Real Estate
Next

Cornell Real Estate Industry Seminar