2009 San Diego Real Estate Market Forecast
San Diego Real Estate Blog
The real estate market in San Diego for 2009 should be somewhat predictable. In my Real Estate Professional opinion 2009 should look a 
lot like 2008. 2008 showed us many short sales and foreclosures on the market with declining San Diego home values. We should see the upper end homes continue to drop in price which they have in 2008 but the slide has a lot more to go through 2009. The lower end homes price ranged below $450,000 in many areas of San Diego have started to level off and should continue to level off through 2009. The condos are still dropping in value in most areas of San Diego and inventory of condos in San Diego is building and building. There has to be more movement to lower prices for San Diego condos in 2009.
Some of the unknowns going into 2009 would be the economy and what will the banks do for homeowners other than foreclose on them. The economy in 2009 will be a recession. San Diego will be hit but not as bad as many other areas of the country. We have a large military and federal government job base which will probably not be affected. We have a strong technology base of companies and biotech companies that will help ride out the long recovery. The other factor will be how the banks deal with loans in default. If the banks and mortgage companies decide to allow homeowners to truly refinance their home at a new appraised value and stay in their home this will have a great affect on the San Diego Real Estate Market. It would mean far less foreclosures and short sales and less inventory of homes on the market. In my opinion these will be the two indicators to watch for in 2009.
Please use the links below to help you with your San Diego Real Estate Search and Information from your San Diego Realtor.
San Diego Real Estate San Diego MLS
San Diego Relocation San Diego Home Search by Map
San Diego Home Buyers San Diego Home Sellers
San Diego House Values Local Real Estate Information
San Diego Real Estate Blog San Diego Short Sales
San Diego Foreclosures San Diego Green Homes
All information is believed to be correct but not guaranteed.
