Tag Archives: San Diego real estate 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.

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Steady Real Estate Recovery Predicted

Economists see steady growth but remain mixed on their outlook for the health of different segments of the U.S. economy.

urban real estate prices, most live in suburbsInvestments by businesses and government, as well as international trade activity, will grow at a faster rate than previously forecast, according to a survey released Monday by the National Association for Business Economics. However, consumer spending and investments in homes will be lower than previously predicted because of Americans’ lagging wage growth and trouble obtaining loans.

The predictions come in a quarterly survey of 46 forecasters that was conducted between Aug. 25 and Sept. 9.

Following an unusually high degree of volatility in the first half of the year, the group expects the pace of economic growth to steady, with gross domestic production forecast to grow at a seasonally adjusted annualized rate of 3 percent in the third and fourth quarters of 2014 and throughout 2015.

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San Diego County’s Foreclosures Still Low

foreclosuresDuring the month of July, both foreclosures and default notices in San Diego County remained low.

According to CoreLogic DataQuick, 139 properties were repossessed in the county in July, which is down from the 153 a year ago. And 446 default notices were filed in July; fewer than the 516 in July 2013. Continue reading

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

San Diego real estate prices increase

Prices in the San Diego real estate market increase in January 2014

housing market trendAccording to the S&P/Case-Shiller index, the San Diego housing market had a price appreciation at the beginning of the year — which happens to be the biggest gain in any January since 2004.

From December 2013, prices overall increased 0.6 percent. For the nation, San Diego is the most improved area for year-over-year performance (20 U.S. cities were measured by the S&P index).  In San Diego, the January price average increased 19.4 percent from last year in the same month.                  

“Also noteworthy: The inventory of homes for sale in the county jumped 44 percent to 6,099 active listings, according to the San Diego Association of Realtors. However, that’s still below the 8,000 to 9,000 listings seen in more typical markets, and well below the 14,000 listings near the 2005 peak” (U-T San Diego, “Heat returns to San Diego housing market”).

Read more about San Diego’s current housing market in U-T San Diego’s article here.

San Diego housing market in 2013

“Historically low interest rates and limited inventory in 2013 fueled some of the greatest housing appreciation in San Diego County since the early 2000s…

home buying

“San Diegans bought 42,702 homes last year, a slight uptick from 2012 but the most since 2006, the last full year before the Great Recession.

“Last year was a great year for investors, who in June enjoyed 24.1 percent annual appreciation — a post-Great Recession record — to a median price of $420,000…”

Read the rest of Union-Tribune San Diego’s article on 2013’s real estate market in review here.

Values Are Soaring Again in San Diego

home prices up in real estateWith 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

San Diego real estate prices on the rise

Good news for the San Diego area–home prices are on the rise!

money houseAccording to an article by U-T San Diego, the real estate prices in San Diego rose yet again in September of this year, but the increase is slowing.

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