Tag Archives: sales market

Housing Sales in San Diego Heat Up

If you’re talking San Diego County real estate, 2012 was the year of the home sale. It was also an atypical year.

Homebuyers snapped up more than 40,000 properties last year, the highest volume since 2006, when about 44,500 homes were sold, according to numbers from real estate tracker DataQuick.

Old trends were tossed out. Typically, sales rev up in the spring and summer, and hunker down in the later months. But last year, they flamed through the winter holidays as first-time buyers to seasoned investors kept scouting for homes from a limited supply.

Inventory, now at least at a three-year low; record-low mortgage rates; and the inability for many underwater homeowners to sell have pushed home prices up to a 41/2-year high…

Read more of U~T San Diego’s article on the real estate market in San Diego here: “Housing sales heat up”.

San Diego home sales best in 7 years

“SD home sales best in 7 years

November’s median was $358,000, up 13.7% from year ago

San Diego County housing prices rose 13.7 percent over the last year to $358,000 as sales soared to their best November in seven years, DataQuick reported Wednesday.

It was the highest overall price since July 2008 as the market was skidding down and close to the $357,000 posted in March 2003 as prices were rocketing up…

…Sales for November totaled 3,371, down 6.9 percent from October, a typical seasonal dropoff. But that was 22.4 percent higher than a year ago and the highest for any November since the local market peaked in November 2005. At that time, there were 4,232 sales and prices stood at an all-time median high of $517,500.

In brief, overall prices were 30.8 percent off the November 2005 peak but have risen 27.9 percent since the January 2009 low of $280,000.

For 19 southwestern Riverside County neighborhoods near the San Diego County line, the overall median stood at $243,000, up 3.6 percent from October and 10.5 percent from November 2011. The sales count was 1,139, up 12.7 percent from year-ago levels.

DataQuick attributed the increases in prices and sales to a greater demand for higher-priced homes and reduction in low-cost foreclosure properties…”

Read this article by the San Diego Union Tribune in full here: SD home sales best in 7 years”.