Category Archives: News

Real Estate Is on Track for Best Year Since 2006

real estate is on trackIn their midyear report, Realtor.com said residential real estate is on track for the best year since 2006. They attribute job growth and high rents for the rising demand. The threat of higher interest rates is also pushing up sales. Read the full article here.

We’re Hot, Hot, Hot

Realtor.com announced California as having almost half of the 20 hottest housing markets in the country in June, with San Diego coming in 12th on its list. They ranked medium to large sized cities by views relative to the number of listings and by the median days homes spent on the market.

Continue reading Real Estate Is on Track for Best Year Since 2006

Housing Statistics Reports for San Diego County and North San Diego County March 2014

homedex logo housing statistics
The housing statistics reports for San Diego County and North San Diego County are showing a slowing of the rate at which prices are increasing, but are still indicating tight inventory for buyers and a strong market overall.

While the median price for all North County home sales remained the same, countywide single-family detached homes saw a one percent decrease in their median prices from January 2014 to February 2014 and single-family attached homes dropped 1.64 percent. Year-over countywide detached homes had a median price increase of almost 16 percent, and attached homes saw an increase of 20 percent.

The number of sales and listings countywide increased from January 2014 to February 2014 as is typical this time of year, but the greater increase in sales is still keeping inventory tight as shown below.

To read the full housing statistics reports, please click on the links below.

FULL COUNTY REPORT    NORTH COUNTY REPORT

Continue reading Housing Statistics Reports for San Diego County and North San Diego County March 2014

Housing Statistics Report for San Diego County and North San Diego County February 2014

homedex logo housing statistics

The January numbers from the housing statistics report for San Diego County and North San Diego County show continued year-over rising prices along with possible easing and seasonal slowing. This is not surprising since January closings usually represent homes that went under contract in November and December and the market is typically less active during these months due to the holidays. Most real estate analysts also predict a slowing down of the rapid price increases we have experienced in San Diego County over the past 18 months.

While the median price for all North County home sales decreased slightly, the median price for North County single-family detached homes increased by 5.46 percent compared to December 2013 and 22.47 percent over the last 12 months. Median prices for detached homes in all of San Diego County dropped by 1.45 percent from December to January, but were still up by 21.48 percent compared to January 2013.

The median price on single-family attached homes in North County dropped by 0.59 percent in January 2014 compared to December 2013, but were still up by 18.25 percent compared to the previous year. Attached homes in all of San Diego County saw an increase of 1.67 in their median price compared to December 2013 and an increase of 24.49 percent over January 2013.

To read the full housing statistics reports, please click on the links below.

FULL COUNTY REPORT    NORTH COUNTY REPORT

Continue reading Housing Statistics Report for San Diego County and North San Diego County February 2014

Housing Statistics Report for San Diego County and North San Diego County January 2014

The December 2013 housing statistics show prices continuing to increase with a 17 month trend of year-over price gains for North County detached homes and a 21 month trend for non-North County homes.

As is typical around the holidays, activity slowed down with listings of North County detached homes decreasing by 13 percent and sales dropping by 3 percent compared to November. Hopefully the new year will bring enough of an increase in inventory to maintain a healthy market. To read the full housing statistics reports, please click on the links below the snapshot.
Continue reading Housing Statistics Report for San Diego County and North San Diego County January 2014

Housing Statistics Report for San Diego County and North San Diego County December 2013

In November we continued to see a slow down in appreciation coupled with a tightening of inventory. This resulted in a decrease in prices compared to October, but still gave us increases in year-over pricing for single family detached homes in the North County area at 11 percent and outside of North County at almost 15 percent.

Prices of attached homes fared even better in North County with a 10 percent increase over the previous month and 30 percent compared to November 2012.

Continue reading Housing Statistics Report for San Diego County and North San Diego County December 2013

Energy Efficiency Tax Credit Expiring Soon

energy efficiency tax creditThe energy-efficient home upgrades tax credit is scheduled to expire on December 31st this year.  If you need to make improvements to your home, this could be an incentive to do it before the end of the year.  If you have already made qualifying improvements without realizing the tax credit is available, it may seem like a holiday gift you weren’t expecting.

Continue reading Energy Efficiency Tax Credit Expiring Soon

The Most Wanted List

According to a recent survey, these are the features buyers most want in a new home.

According to a recent survey, these are the features buyers most want in a new home.

Housing Statistics Report for San Diego County and North San Diego County November 2013

As often happens at this time of year, we’re seeing a tightening of inventory but also a slowing down in appreciation. If you are looking to buy a home right now, you won’t have as many choices, but there isn’t quite as much pressure on home prices. In spite of this, we are still seeing year-over median price increases for single family detached homes at 19 percent in San Diego County. Click on the links below the snapshot to read the full housing statistics reports.

Continue reading Housing Statistics Report for San Diego County and North San Diego County November 2013

Housing Statistics Report for San Diego County and North San Diego County October 2013

While the market is not as frenzied as it was earlier this year, the housing statistics report is still showing significant year-over price increases in both San Diego County as a whole and North County communities. Prices of single-family detached homes increased 18.75 percent in North County and 21 percent in the county as a whole from September 2012 to September 2013. In the same period, single-family attached home prices increased 30 percent in North County and 29 percent in all of San Diego County. Click on the links below the snapshot to read the full reports.

• The median price for all North County home sales – attached and detached – increased to $499,950 in September 2013 compared to $495,000 in August 2013.

• Detached homes in North County declined 0.87 percent in September 2013 to $570,000 compared to $575,000 in August 2013.

• Year-over median SFD price in North San Diego County jumped 18.75 percent, compared to $480,000 in September 2012 – making 14 months of year-over median price increases.

• The countywide median SFD price increased 3.32 percent in September 2013 to $449,450 compared to $435,000 reported in August 2013.

• Year-over non-North County median price jumped 23.14 percent compared to $365,000 in September 2012, the 18th straight month of year-over median price increases.

• The number of North San Diego SFD listings (active and contingent) increased just 0.18 percent in September 2013 compared to August 2013.

• The number of sold North San Diego County SFD units fell 21.25 percent in September 2013 compared to August 2013. Year-over sold SFD units decreased 5.9 percent compared to September 2012.

• Median days-on-market for single-family detached homes sold in North County increased to 25 days in September 2013 compared to 21 days in August 2013.

• The HomeDex affordability percentage for all homes in North San Diego County was 30 percent in September 2013.

SEPTEMBER 2013 FULL COUNTY HomeDex Report

SEPTEMBER 2013 NORTH COUNTY HomeDex Report

Information taken from HomeDex™ Copyright © 2012 by the North San Diego County Association of Realtors (NSDCAR). Used by permission.

Housing Statistics Report for San Diego County and North San Diego County September 2013

Here is a snapshot of the August housing statistics with links to both the full report for San Diego County and North San Diego County. In North San Diego County, the price of a single-family detached (SFD) home continues to increase, but we are seeing slightly more inventory and longer market times than in July. In San Diego County as a whole, the median-price of an SFD home has been constant during the past three months, but increased 24 .36 percent compared to August 2012.

• The median price for all North County home sales – attached and detached – increased to $495,000 in August 2013 compared to $494,000 in July 2013.

• Detached homes in North County increased 1.95 percent in August 2013 to $575,000 compared to $564,000 in July 2013.

• Year-over median SFD price in North San Diego County jumped 26.10 percent, compared to $456,000 in August 2012 – making 13 months of year-over median price increases (the last six months exceeding 20 percent). August 2013 reported the highest median SFD price since late 2007.

• The countywide median SFD price remained at $435,000 in August 2013 compared to July 2013.

• Year-over non-North County median price jumped 21.17 percent compared to $359,000 in August 2012, the 17th straight month of year-over median price increases.

• The number of North San Diego SFD listings (active and contingent) rose 11.49 percent in August 2013 compared to July 2013.

• The number of sold North San Diego County SFD units decreased 6.94 percent in August 2013 compared to July 2013. Year-over sold SFD units fell 7.71 percent compared to August 2012.

• Median days-on-market for single-family detached homes sold in North County increased to 21 days in August 2013 compared to 17 days in July 2013.

• The HomeDex affordability percentage for all homes in North San Diego County was 33 percent in August 2013.

AUGUST 2013 FULL COUNTY HomeDex Report

AUGUST 2013 NORTH COUNTY HomeDex Report

Information taken from HomeDex™ Copyright © 2012 by the North San Diego County Association of Realtors (NSDCAR). Used by permission.