According to the S&P/Case-Shiller Home Price Index released on Tuesday, from January to February, “prices on the index rose Continue reading
Foreclosures are low because of home price appreciation.
According to U-T San Diego, “Large gains in annual home price appreciation have continued to help keep the number of foreclosures in San Diego County at pre-Great Recession levels.”
Per DataQuick, within the month of February 2014, 141 properties were repossessed by banks in San Diego county — which is down from the 252 foreclosures a year ago. It’s also the lowest amount of February foreclosures since 2006 (when only 40 properties were repossessed by banks). Continue reading
From December 2012 to the end of 2013, San Diego real estate values increased 18 percent. The highest peak was in August, when values hit 21.5 percent. Continue reading
With the property tax hike for 2014 predicted to be “tiny” because of low inflation, that means a 0.45 percent increase, the county assessor said. It appears to me that this is a very conservative postulate. This is actually a good thing, because everyone’s tax bill will remain below increasing values.
Inventory continues to be low, with 6,228 active listings last December 2013, which is down about 620 from November, but up from the 4,636 listed in December 2012. That said, inventory or supply will Continue reading
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.
Local January home prices are up nearly 10 percent from the same time a year ago, the latest S&P/Case-Shiller Home Price Index shows. That marks the seventh straight month of year-over-year increases. It also was the highest year-over-year jump since June 2010.
Home values essentially stayed flat from December to January, falling 0.6 percent, according to the leading real estate indicator…
…When looking at all 20 areas, residential prices have gone up 8.1 percent from a year ago, the largest year-over-year increase since June 2006, or “since the housing bubble burst,” said David M. Blitzer, chairman of the index committee at S&P Dow Jones Indices.
“Economic data continues to support the housing recovery,” Blitzer said. “Single-family home building permits and housing starts posted double-digit year-over-year increases in February 2013.
“Despite a slight uptick in foreclosure filings,” he added. “Numbers are still down 25 percent year-over-year. Steady employment and low borrowing rates pushed inventories down to their lowest post-recession levels…”
Read the rest of this article by U-T San Diego here: Home prices up 10% from year ago.
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…
…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 County home prices rose again in September, holding onto a four-year high. Here’s a closer look at the ZIP codes that saw the biggest price jumps when comparing total sales in September 2011 to sales last month.
|Rank||Neighborhood||ZIP code||Sold ’11||Sold ’12||Sold Pct Chg||Med ’11||Med ’12||Med Pct Chg|
|6||Kensington Normal Hts||92116||30||21||-30.0%||$302,500||$420,000||38.8%|
|11||Allied Gardens Del Cerro||92120||35||33||-5.7%||$350,000||$450,000||28.6%|
|12||La Mesa Grossmont||91942||49||38||-22.4%||$260,000||$330,000||26.9%|
|19||La Mesa Mt. Helix||91941||28||39||39.3%||$360,000||$435,000||20.8%|
Source: DataQuickRead this article in full at SignonSanDiego.com: “Home prices hottest in these 20 ZIP codes (September)”.