Tag Archives: SAn Diego housing market

Your Mid-Week Real Estate Update February 18, 2016

San Diego real estate update

marketHome prices are climbing at a limited amount compared to last year 2015, while sellers are adjusting their list pricing to reflect actual recent sales. Last December 2015 saw a 33% average of homes on the market at reduced pricing compared to December 2014, 31% of homes at reduced pricing. This trend means that the market is stable, slightly slowing state.

California Association of Realtors statistics show homes are selling at a median of 98.2 percent of the list price during the 4th quarter of 2015. This statewide statistic has a wide margin due to the San Francisco Bay area sales prices are selling well above asking prices with multiple offers due to the very limited inventory. San Diego does not have the same results.

Contact me for more on this!

San Diego home appreciation leads U.S.

urban real estate prices, most live in suburbsGood news for the San Diego real estate market: prices have risen!

According to the S&P/Case-Shiller Home Price Index released on Tuesday, from January to February, “prices on the index rose Continue reading

Looking a Lot Like a Real Estate Boom

DataQuick, who monitors real estate activity and provides information to consumers, educational institutions, public agencies, lending institutions, title companies, and industry analysts published this report yesterday (4/17/13) for Southern California.

San Diego real estate boom

It is amazing that San Diego and Los Angeles real estate markets have parity in values even though the total sales are almost cut in half in San Diego versus the metropolis of Los Angeles County. When the last real estate boom hit in early to mid 2000’s, Los Angeles held a commanding lead in values for most of those years. What does this mean in the big picture is that San Diego has crossed the line of being a truly desirable place to live and a city where value far surpasses the investment. Economy wise, San Diego is showing signs of competing with the big boys even in the tech industry especially after the governor of Texas made personal invitations to many of the top flight companies here and word has it that there are few to no takers.

Now the bottom line is that with tax season over and the Real Estate market year about to hit high gear, you are reading this and on the fence still about your future? I would say, take your pulse because you made need to call 911, but before you do, CALL ME!!!!

Thanks for Reading as always and your comments are always welcome! Have an outstanding day!!

PS. In light of the fact of recent disasters via bombs, my prayers and condolences go out to all affected and may God bless America. The term “boom” is simply a metaphor and is not meant to offend anyone.

For more information on the article from DataQuick, please go here.

Industry Experts Predict Price Growth into 2017

If projections hold out, home values will rise 22 percent cumulatively by the end of 2017, according to Zillow’s first-quarter Home Price Expectations Survey.

home prices up in real estateFor its report, Zillow and Pulsenomics surveyed a nationwide panel of 118 economists, real estate experts, and investment and market strategists to get their thoughts on future home values and housing market policies.

On average, the panel forecasts price growth of 4.6 percent in 2013 and 4.2 percent in 2014. More moderate growth is expected after that, with annual appreciation rates between 3.6 percent and 3.8 percent for 2015, 2016, and 2017, leading to an average 4.1 percent growth annually for the next five years.

According to Zillow, this is the first time the predicted average annual growth rate for the next five years has surpassed pre-bubble levels since the survey was created…

…The most optimistic quartile of panelists predicted a 6.1 percent increase in home values this year, on average, while the most pessimistic predicted an average increase of 3 percent. Expectations for cumulative growth projections ranged from 34.2 percent among the most optimistic panelists to 11.7 percent among the most pessimistic, on average…

Read the rest of this article by DSNews.com here: Industry Experts Predict Price Growth into 2017.

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”.

San Diego Home Prices are at 4-year High

Local home prices in San Diego are at the highest level in four years!

“It was the busiest month for San Diego County homebuying since 2006, while home prices continue to hold at four-year highs, Thursday’s DataQuick report shows.

The county in August recorded 3,981 residential sales, the highest level since 4,533 sold in June 2006. Sales in Southern California hit the same milestone, driven by near-record activity among investors and cash buyers as well as as low mortgage rates, DataQuick analysts say.”

San Diego real estate housing market prices

Read more here! This article can be read further here: “San Diego home sales hit 6-year high”. Read more on SignOnSanDiego.com.