San Diego Real Estate Blog

San Diego Real Estate Blog

2010 San Diego Real Estate Market

I know it’s still 2009 November and it might be a little early for 2010 San Diego Real Estate Market predictions but I think I’ll give it a shot. 2010 in the San Diego Real Estate Market should show more foreclosures than we had in 2009. In 2009 many foreclosures were held off of the market due to the moratoriums. Now that many of the foreclosure moratoriums are lifted the banks are gearing up to get the REO’s off of their books. 2010 in San Diego and many parts of the country will be known as the year of the “Last of the Foreclosure Market”. There will be more foreclosures after 2010 into 2011,  2012 and 2013 but 2010 will be the last big year for foreclosures.

There will still be more short sales and some banks are moving faster on them. There’s lots of talk about the short sales being streamlined and moving through the system faster. In 2010 it might just be a lot of false hope in this area. I hope I’m wrong and we see the short sales as a whole (not just select banks) move through the system fast and to a sale but it might just be a lot of hype. Systems like REOTrans are setting up to do short sales but I’ll believe the push towards short sales over foreclosures by the banks when I see it.

For homebuyers in 2010 it should be a delight with more inventory coming into the San Diego Real Estate Market. In some price ranges like the lower end first time home buyer prices under $400,000 there still will be a fight with other buyers to get the homes. There are way too many buyers and investors in the under $400,000 range in many areas of San Diego County that will keep this price range in very short supply in 2010. The upper end in non-coastal areas will still slide a little lower in 2010. We’ll see how this worked out in 2011.

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

San Diego Foreclosures

San Diego REO Listing Agent

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

San DiegoListing Book

All Information is believed to be correct but not guaranteed. 

This entry was posted on Thursday, November 12th, 2009 at 1:47 am and is filed under Normal Heights, Mission Valley, Mission Hills, North Park, Tierrasanta, National City, Imperial Beach, Bonita, Logan Heights, Linda Vista, Point Loma, Old Town, Ocean Beach, Sorrento Valley, University City, East San Diego, Del Cerro, College Grove, Otay Mesa, Paradise Hills, San Diego Real Estate Blog, Santee, Rancho San Diego, San Diego Short Sales, San Diego Relocation, Ocean View Hills, San Diego Real Estate News, San Diego Market Report, Pine Valley, Lemon Grove, El Cajon, Alpine, San Ysidro, Jamul, Julian, Lakeside, La Mesa, La Jolla, Coronado, Sunbow, San Miguel Ranch, Rolling Hills, Windingwalk, San Diego New Homes, Cardiff, Pacific Beach, San Diego MLS, EastLake, Chula Vista, North County Inland, North County Coastal, San Diego Real Estate, Central Coastal, Central Inland, Carmel Valley, South Bay, East County, Carlsbad, Carmel Mountain, Rancho Penasquitos, Ramona, Poway, Rancho Santa Fe, San Marcos, Vista, Valley Center, Scripps Ranch, Mira Mesa, Fallbrook, Oceanside, Encinitas, Del Mar, Solana Beach, San Diego House Values, Escondido, 4s Ranch, Blogroll. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.