Tag Archives: San Diego real estate markets

New Listing in San Diego!

Just Listed!

3033 Columbine Street, San Diego

Offered at $275,000 – $299,876

 

Please contact me for further details or to schedule a private showing!

John A Silva | (619) 360-3648 | JohnASilva@sbcglobal.net

Listing presented by John A Silva, of Prudential California Realty.

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.

Single-family resales at nearly 7-year high

“San Diego County finished the spring-homebuying season in positive territory in prices and sales among all types of housing, Wednesday’s DataQuick report showed. Single-family home resales, in particular, closed out a blockbuster month in May.

single-family resales upThe overall median price in May rose 3.2 percent from a year ago to $335,000, matching the median 18 months ago. When compared to April, prices rose 1.7 percent.

The county recorded 3,750 total sales last month, rising 21.5 percent from a year ago and 5.4 percent month-to-month.

Sales saw the most strength in the single-family resale segment, where buyers closed on 2,488 homes. That’s the highest figure for this category since September 2005, when 2,671 were sold, according to DataQuick stats. All regions of the county showed positive sales changes when compared to a year ago…”

Read the rest of this article by SignonSanDiego.com here: “Single-family resales at nearly 7-year high”.

Is the San Diego real estate market heating up?

Is the spring homebuying season heating up?

Last month, San Diego County saw its highest home-sale count for a March month since 2006 as it entered another spring home-buying season, Tuesday’s numbers from DataQuick show.

A total of 3,237 homes were sold in March, up 19.5 percent from February and up nearly 6 percent from a year ago. Big percentage bumps are natural from February to March throughout Southern California, historical records show, but it appears this is the best March San Diego County has seen in six years, when a total of 4,367 homes were sold.

Improvement aside, sales are still far below from pre-recession levels. The current housing cycle’s peak was 6,926 transactions in June 2004.

“The year is young and lots could still change,” said DataQuick John Walsh in the company’s latest Southern California report. “But the results from the first big sales month of 2012 suggest the market is stuck in low gear. This remains a very gradual – not to mention fragile – recovery.”

Sales saw the most oomph in the markets of single-family resales and new properties, in which tallies increased almost 10 percent and 27 percent, respectively, from a year ago. However, both submarkets saw their values in March fall from a year ago. Prices for single-family resales dropped 4.2 percent to $350,000, and almost 26 percent to $392,000 in the new-home market…

Read the rest of this article by U~T San Diego’s Lily Leung here: “Is the spring homebuying season heating up?