San Diego Case-Shiller Index, Feb

by | Apr 28, 2020 | Jim's Take on the Market, Same-House Sales | 1 comment

This year’s month-over-month gain in San Diego is about half of what it was in February 2018 & 2019.

“The big question now, is how quickly the home listings will awaken after the pause or will unemployment drag down purchase activity going forward.  If buyers come back faster than sellers, it could cause prices to push even higher as buyers compete over the slim choices.”

Bill Banfield, Quicken Loans Executive Vice President of Capital Markets

San Diego Non-Seasonally-Adjusted CSI changes:

Observation Month
SD CSI
M-o-M chg
Y-o-Y chg
January ’18
248.16
+0.8%
+7.3%
Feb
250.91
+1.1%
+7.5%
Mar
253.41
+1.0%
+7.6%
April
255.63
+0.9%
+7.7%
May
257.07
+0.6%
+7.3%
Jun
258.44
+0.6%
+6.9%
Jul
258.49
0.0%
+6.2%
Aug
257.32
-0.5%
+4.7%
Sept
256.13
-0.4%
+3.9%
Oct
255.26
-0.1%
+3.7%
Nov
253.37
-0.6%
+3.3%
Dec
251.68
-0.7%
+2.3%
January ’19
251.30
-0.2%
+1.3%
Feb
253.69
+0.9%
+1.1%
Mar
256.40
+1.1%
+1.2%
Apr
257.63
+0.5%
+0.8%
May
260.08
+1.0%
+1.1%
June
261.90
+0.7%
+1.3%
July
263.66
+0.7%
+2.0%
Aug
263.23
-0.2%
+2.3%
Sep
263.26
0%
+2.8%
Oct
262.56
-0.2%
+2.7%
Nov
263.18
+0.2%
+3.9%
Dec
263.51
+0.1%
+4.7%
Jan ’20
264.04
+0.2%
+5.1%
Feb
265.34
+0.5%
+4.6%

“Results for the month were broad-based, with gains in every city in our 20-City Composite; 17 of the 20 cities saw accelerating prices,” said Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices.

Price gains continued to be strongest in Phoenix, Seattle, Tampa and Charlotte. In February, Phoenix home values were up 7.5% year over year, followed by Seattle with a 6% increase, and Tampa and Charlotte with 5.2% increases. Chicago, New York and Dallas saw the smallest annual price gains at 0.7%, 1.5% and 2.5% respectively.

Link to CNBC article
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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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1 Comment

  1. Rob_Dawg
    Rob_Dawg on April 28, 2020 at 1:04 pm

    I’m pretty sure Kayla can get more current “dish” on the NYC markets. I think the reported pricing doesn’t reflect the war on the ground there.

    Oh, and your succulent pr0n pics are great. I especially appreciate the “we’ve been here a very long time and thrive on your brutal love of ignoring us.”

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