4S Ranch real estate market

The 4S Ranch real estate market, found in an upscale portion of San Diego County, is continuing to show signs of improvement despite remaining far away from the peak of the housing market. According to a July 27, 2010 report from the San Diego Reader, “San Diego's home values jumped 12.4% from May of last year to this May, according to Case-Shiller data released this morning (July 27) by Standard & Poor's. The only market which did better on a year-over-year basis was San Francisco, up 18.3%. Minneapolis was up 11.6% and Los Angeles 9.7%. Values in 7 of the top 20 metro areas continued to fall; Las Vegas was down 6.5%. The overall index for the top 20 markets rose 4.6%. San Diego's home prices are now down 34.8% from the November, 2005 peak. S&P economist David Blitzer cautioned that the homebuyers' tax credit still positively affected the numbers; it had some effect on purchases that closed through June 30. "We need to watch where the housing markets will go after these temporary stimuli go away," said Blitzer. "Since reaching its recent trough in April 2009, the housing market has really only stabilized at this lower level...the housing market might bounce along the bottom for the foreseeable future."

4S Ranch homes for sale continue to be far lower in median price than the peaks reached a few years ago. An August 4, 2010 article from the San Diego Union Tribune found that “Ever wonder when, oh, when your home is going to be worth what it was back in the heady days of the housing bubble? Try 2024. Gulp. Back in March, Fiserv, which generates data for the widely watched Case-Shiller Housing Index, created a report to estimate long it would take 384 metro areas throughout the country to regain their peak home prices. Some markets like Cheyenne, Wyo., Bowling Green, Ky., and Billings, Mont. were projected to get back to their peaks some time next year. Believe it or not, Anchorage, Alaska was slated to return to its peak later this year…Before you curse your bad luck for living here and not, ahem, Cheyenne, consider the Miami and Orlando markets. Fiserv expects them to regain the peak price sometime beyond 2039.”