California housing prices slip, stay in sync with national trends
By John Lefferdink
Between August and September of 2011,
fell throughout both California and the nation’s biggest urban areas, signaling a return to declining values after more promising spring and summer numbers and suggesting a continuation of the trend through the New Year and beyond.
According to recent financial coverage in the
, the Standard & Poor’s/Case-Shiller index tracking home prices in America’s 20 largest cities showed a slip of 0.6% between August and September of this year. The numbers represent a 3.6% drop from September 2010 and, in the words of index committee chairman David Blitzer, suggest an elusive road to sustained recovery without parallel improvement to the nation’s economy as a whole.
Within California, San Francisco took the most significant hit with a home price drop of 1.5%. Meanwhile, home prices in San Diego and Los Angeles both fell 0.8%. To some degree, such declines are to be expected during the fall season, as most homebuyers tend to complete big moves before the start of the school year; and despite considerable statewide unemployment, the California housing market within these and other major cities is fairly healthy compared to those in other, more over-built areas of the state and nation. Still, for homeowners looking to sell in the months ahead, the market may remain inhospitable as long as nationwide economic recovery remains elusive.
In tough economic times, experience is every seller’s best ally
Faced with a less-than-robust housing market, many San Diegans looking to sell their homes may despair of recouping anywhere near the amount they might have hoped to get for their property prior to the recent financial crisis. However, with expert advice and assistance from an experienced and trusted team of
professionals, homeowners can maximize their chances of attracting the right buyers and making a profit.
From technical expertise to home improvement tips and even the finest details of home staging and interior design, the accomplished team of John Lefferdink & Associates at Prudential California Realty in Rancho Santa Fe can help sellers meet and even exceed their goals. With decades of real estate brokerage experience and a strong commitment to community involvement within and around the greater San Diego area, our agents posses an intimate familiarity with the local markets – as well as the professional expertise to help homeowners understand every facet of the selling process. To access exclusive resources including our custom Value Report program, or to get in touch with an agent to learn more, call 858-756-8098, or visit us online at