San Diego Real Estate Market Update

Overview of Key Indicators 2014-2015

SOLD LISTINGS

(Detached) 6.8% INCREASE (Attached) 9.8% INCREASE

MEDIAN PRICE

(Detached) 6.5% INCREASE (Attached) 6.2% INCREASE

NEW LISTINGS

(Detached) 0.4% DECREASE (Attached) 0.7% INCREASE

Closed SalesSan Diego County Year To Date

Median Sales Price

San Diego County

Year To Date

Days On Market Until SaleComparing Dec 2014 to Dec 2015

Days Change- 7.9 Decrease

Dec-14 62.4 Days

Percent Change- 12.6% Decrease

Dec-15 54.5 Days

62 59

4945 43 41 44

4044 47 46 47

54

0

10

20

30

40

50

60

70

14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec

Days

Historical Affordability Index Statewide and Countywide 1991-2015

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

1991

1991

1992

1992

1993

1993

1994

1994

1995

1995

1996

1996

1997

1997

1998

1998

1999

1999

2000

2000

2001

2001

2002

2002

2003

2003

2004

2004

2005

2005

2007

2008

2010

2011

2013

2014

CA SD County

Historical Affordability Index Statewide and Countywide 2010-2015

0% 10% 20% 30% 40% 50% 60%

Q3-2006

Q3- 2010

Q3-2011

Q3- 2012

Q3- 2013

Q3- 2014

Q3- 2015

12%

46%

52%

49%

32%

30%

29%

San Diego County

CA

Months Supply of Inventory Countywide Jan 2015 - Dec 2015

2.8 2.8 2.8 2.9 2.9 3 3.1 3 2.92.7

2.4

2

2.4 2.4 2.42.6 2.5 2.5 2.5 2.4 2.3

2.11.8

1.4

15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec

Detached Attached

Months Supply of Inventory Neighborhood Specific

2.7

2.2

3.53.2

1.9

1.51.8

2.1

0

0.5

1

1.5

2

2.5

3

3.5

4

SD County South County East County Downtown

December-14 December-15

Median Price Changes Neighborhood Specific Jan 2015 – Dec 2015

7.50%

11%

7.10%

14.70%

2.03%

5.93%4%

8.90%6.50%

-10.70%

8.16%10.21%

SD County South County East County Downtown Coastal North CountyInland

Detached Price Attached Price

Median Price Changes Luxury Market Jan 2015 – Dec 2015

-1.31%

3.49%

19.35%

-5.00% 0.00% 5.00% 10.00% 15.00% 20.00%

1M - 2.5M

2.5M - 5M

5M - 10M

% Change

Projections for 2016

PRICES

4 - 6% INCREASE

INTEREST RATES

1% - 1.25% INCREASE

MARKET TIMES

70-75 Days SFR Detached Home

Projections for 2016

BUYERS MARKET

2016 Transitioning to a Buyer’s Market

PRICE RECESSION

2+ Years Affordability Index Drops to Teens

INVENTORY INCREASE

2+ Years Inventory Builds to 7+ Months

Thank you. Questions?

For More Information On Housing Stats Visit www.sdar.com/stats