Tag Archives: North County real estate statistics

June 2019 North County and San Diego Real Estate Report

June 2019 North County and San Diego Real Estate Report

June 2019 North County and San Diego Real Estate Report continues with trends that started last summer. Home prices are slowly rising while the volume of home sales drops and available inventory creeps up. North County showed a year-over median price increase of just 1.0 percent while San Diego County as a whole saw year-over prices rise by 2.6 percent.

The S&P CoreLogic Case-Shiller Indices put San Diego metro price gains at the lowest of their 20-city index for the fourth month in a row. Even with low interest rates, the price of homes in high-cost markets like San Diego is keeping buyers at bay. Some experts do believe that interest rates may drop even lower. Those lower rates could help warm up our market.

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May 2019 North County and San Diego Real Estate Report

May 2019 North County and San Diego Real Estate Report

The May 2019 North County and San Diego Real Estate Report shows that after climbing at a fairly fast pace for several years, home-price growth is slowing down. North County saw its first year-over, median price downturn in 43 months. Countywide, prices continued to move up at a moderate rate of 2.4 percent compared to the previous April.

Before you panic about a crash, most experts don’t see one coming soon. They blame this slowdown on a lack of affordability in high priced markets like ours. This lack of affordability is because home prices have risen faster than wages.

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April 2019 North County and San Diego Real Estate Market Report

April 2019 North County and San Diego Real Estate Market Report

The April 2019 North County and San Diego Real Estate Market Report has good news for both home buyers and sellers. If you are thinking of buying, there’s good news all around. Home appreciation has slowed down considerably, interest rates are holding steady, and homes were as affordable in March as they were a year earlier. According to RealEstate.com, it’s even improving for first-time buyers.

If you are thinking of selling, it’s still a great time. Although inventory is slowing growing, it’s still very low. And this is a great time of year to sell a home. Realtor.com® claims that the beginning of April is the best time to put your home on the market. Their research shows that homes sell for more now than they do at the beginning of the year, and there are fewer homes for sale, thus less competition, than there will be in coming months.

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March 2018 San Diego Housing Market Report

March 2018 San Diego Housing Market Report

The March 2018 San Diego Housing Market Report shows February picking up steam. Job growth in San Diego County is strong, and incomes are expected to grow. This along with a lack of homes available for purchase, both new and resale, continues to fuel price increases. Interest rates are rising though, and this limits buyers’ ability to qualify. This is expected to slow down home appreciation in 2018.

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February 2018 San Diego Housing Market Report

February 2018 San Diego Housing Market Report

The February 2018 San Diego Housing Market Report shows January as a fairly quiet month. This is expected after the holidays. That being said, we still saw continued price increases and tight inventory in San Diego and North County. In fact, San Diego ranked sixth on the hottest U.S. markets list from realtor.com®.

Change may be coming though. Interest rates are increasing. These higher rates will decrease buyer’s purchasing power. Tax law changes now limit property tax deductions. With these changes, experts expect price increases to continue, but at a slower pace. They also see more inventory coming on the market by the end of the year.

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