Tag Archives: active listings

California Home Sales Increased in February

California home sales gain steam in February as shift toward more
affordable areas tempers home prices

Source: C.A.R.

urban real estate prices, most live in suburbsModerating home price appreciation and improving housing inventory combined to spur California’s housing market in February as existing home sales increased from both the previous month and year, according to the CALIFORNIA ASSOCIATION OF REALTORS®.

Making sense of the story

  • Existing, single-family home sales totaled 393,360 in February on a seasonally adjusted
    annualized rate, up 2.6 percent from January and 6.4 percent above February 2015.
  • February’s statewide median home price was $446,460, down 4.7 percent from January and up 3.8 percent from February 2015.
  • Statewide sales of condos and townhomes rose 2.6 percent from January and 6.4 percent from February a year ago.
  • The February figure was up 2.6 percent from the revised 383,480 level in January and up 6.4
    percent compared with home sales in February 2015 of a revised 369,630. February’s sales level was below the 400,000 level for the second straight month.
  • C.A.R. President Pat “Ziggy” Zicarelli commented, “Market activity continues to be dampened
    by low housing inventory as baby boomers stay in their homes longer and new home
    construction, while improving, falls below needed supplies.”
  • The number of active listings increased for the second consecutive month after declining for five straight months. Active listings increased 4.1 percent from January on a statewide basis.
  • The median number of days it took to sell a single-family home declined in February to 41.6
    days, compared with 44.5 days in January and 44.1 days in February 2015.

Read the full story: http://www.car.org/newsstand/newsreleases/2016releases/february2016sales

Tech-Smart Homebuyers

Real estate home buyers out there are becoming more and more tech-savvy.

Tech Smart Home Buyers

What do buyers use technology for when shopping for a home?

  • Reading real estate agent profiles
  • Using online real estate resources
  • Sending documents to lenders (and once in the transaction process, back-and-forth to their agent)
  • Looking at neighborhood maps
  • Browsing active real estate listings (<–click to do your own personal home search!)
  • What do you use the Internet for in the home-buying process?

San Diego County’s September Real Estate Market

There have been several residential sales in San Diego county for the month of September.

property searchBetween September 1 – 30, 2014, there were 1,807 detached single family residences SOLD in all of San Diego county. While slightly lower than the 1,933 detached homes sold in August 2014, September’s figures are still significant.

Currently, there is a huge number of ACTIVE detached single family residences within San Diego county. To view the current homes for sale, or to create your own personalized home search for free, check out my home search feature here.

san diego real estate search

Discover Homes for Sale in Your Neighborhood!

Find active listings where you want to move.

property search

Wondering what’s for sale out there in the real estate world? It’s easy to find out when you do a property search via my website. I connect the MLS to you via the IDX system–which keeps you informed and up-to-date on active and sold real estate listings in your area. Continue reading

Home prices rise across county

Double-digit annual increases in many markets

While foreclosures continue to fall, the sales pace for the real estate market as a whole continues to heat up, and with it come rising prices.

Total sales in December were up 9 percent as compared to a year ago, and up 9.5 percent from even a month before, according to figures released this week by the California Association of Realtors, a real estate industry trade group. The Association’s chief economist, Leslie Appleton-Young, attributes the volume spike to sellers of high-priced homes trying to close transactions before becoming subject to higher capital gains taxes in the new year (profits of more than $250,000 for individuals and $500,000 for couples on the sale of personal residences are taxed as capital gains).

The median-priced home selling in San Diego County last month was $418,290, up from $403,990 in November and $359,930 in December 2011, marking a full 16.2% spike in prices over the last year.

Market tracking firm DataQuick points to several markets that have done even better. Though they’ve only released numbers through November 2012 at present, areas with a significant number of sales that have experienced even stronger appreciation include Encinitas (18.1%), La Jolla (30.8%), Lemon Grove (23.3%), and Vista (20.7%).

An inventory shortage present in the market for some time has become more pronounced, as underwater homeowners (those owing more than their homes are worth) are able to negotiate loan modifications with their lenders, decide to hold off selling in the hope that rising prices will eventually allow them to avoid the credit hit of a foreclosure, or simply elect not to pay or sell (it takes over 300 days on average for a lender to foreclose)…

Read the rest of this article by the San Diego Reader here: “Home prices rise across county”.

Current Listing: 12734 La Vista Way, Poway

New Listing: 1301 Hodges Rd, Oceanside