Tag Archives: home prices in San Diego

San Diego home prices up 10%

housing market trendAccording to the S&P/Case-Shiller Home Price Index published on Tuesday, San Diego home prices are going up. Inventory is fairly low, while demand is increasing.

In February, San Diego county home prices went up by 10% from a year ago (February 2012). This 10% increase hasn’t been a big jump, but rather a gradual increase over the past eight months.

A good article on this topic can be found at U-T San Diego: “Welcome home! Prices rose 10 percent”.

The Case-Shiller report can be viewed here.

Home prices in San Diego up 9%

San Diego home prices ended 2012 with a bang, mirroring a trend seen in other major U.S. metro areas.

The price of a local home sold in December rose 9 percent from the same time a year ago, based on the S&P/Case-Shiller home price report released on Tuesday. That boost is the highest year-ago increase for any given month since July 2010. Values have risen 11 straight months, Case-Shiller data show…

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…What’s behind the uptick?

In San Diego, rising sales and a smaller inventory of available homes are driving up price.

Inventory here is near a 52-month low, with about 4,200 active home listings in the county, according to numbers from the San Diego Association of Realtors…

Read more of this article by U~T San Diego here: San Diego home prices up 9%

San Diego foreclosures at 6-year low

San Diego County closed out 2012 with foreclosures at their lowest level in six years, says a report released Wednesday from local real estate information company DataQuick.

foreclosuresThe consistent drop in the number of people losing their homes to bank repossessions appears to be a product of an economy on the mend, increasing home values and government-led deals with major banks that promise borrowers alternatives to foreclosure, DataQuick officials said.

December foreclosures plummeted to 355, the lowest level since December 2006, when 288 were recorded. December’s total is nearly 18 percent lower than November’s and half of December 2011’s.

Default notices, the first official filing in the foreclosure process, totaled 878. That’s up 7.2 percent from November but down nearly 30 percent from the same month a year ago…

Read the rest of this article by U-T San Diego here: “San Diego foreclosures at 6-year low”.