Just when we thought the number of homes for sale in the North County and San Diego real estate markets couldn’t go any lower, it has. Normally as we enter spring, inventory starts to move up. This year it has dropped. This is putting more pressure on an already red-hot market.
Continue reading April 2021 North County and San Diego Real Estate Markets
Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers on most homes. We’re also seeing bidding wars—for homes in the most sought-after neighborhoods. This has led some sellers to question the need for an agent. After all, why spend money on a listing agent when it seems that you can stick a For Sale sign in the yard then watch a line form around the block?
Continue reading Should I Buy or Sell a Home Without a Real Estate Agent?
April is wonderful in San Diego gardens. It’s a great time to plant, feed, prune and enjoy the flowers and spring growth. But rather than talk about those things this month, I’m going to write about a crisis we can stop, the loss of the monarch butterfly.
Continue reading Saving Monarch Butterflies in San Diego Gardens April 2021
If you’re a homeowner in the San Diego area, chances are your house is making you rich. Although there’s no guarantee that homeownership will help you build wealth, the Federal Reserve 2019 Survey of Consumer Finances found that the median homeowner has 40 times the household wealth of a renter. And if you live in the San Diego – Carlsbad area or in several other parts of California, you’ve gained a lot of equity in the last 10 years.
Continue reading Homeownership Builds Wealth
Last year we couldn’t find toilet paper to buy. This year we can’t find homes. In December, the North County and San Diego real estate markets had the fewest homes for sale we’ve seen since December 2001. To make things worse, the situation didn’t improve in January or February. This incredibly tight inventory combined with historically low interest rates and a lot of pent-up demand has created a red-hot market.
Continue reading March 2021 North County and San Diego Real Estate Markets
While many areas of the economy have contracted, the real estate market has stayed remarkably strong. But can the good news last?
Continue reading Is the San Diego Real Estate Market Going to Crash?
San Diego County gardens are beautiful in March. Many plants have already started flowering, and garden centers are stocked full. Next to fall, this is the best time of year to plant.
Continue reading San Diego Garden Tips March 2021
If you’re thinking about putting on an addition to your home this year, you should begin planning now. Your vision for how the new space will look is important, but there are a few things you must consider before getting started on new construction.
Continue reading Home Addition Game Plan
The North County and San Diego markets remained very tight in January. There were few new listings and very little existing inventory. Continued low interest rates and pent-up demand are keeping buyers in the market.
These factors are pushing up home prices. In fact, the S & P CoreLogic Case-Shiller Indices show that in November, we had the highest monthly price gains we’ve seen in six years. And they expect pressure on prices to continue for at least the first six months of 2021.
The year-over median price was up 14.2 percent in North County and 9.2 percent in San Diego County overall. New listings dropped sharply, but while North County saw fewer pending and closed sales compared to the previous year, the county as a whole had increases in both. Supply remained very low in all areas with less than one month’s inventory. This continues to make the market a great one for home sellers and a difficult one for home buyers.
See below for this month’s statistics and daily interest rate updates.
Continue reading February 2021 North County and San Diego Real Estate Markets
We’ve all spent a lot more time at home over the past year. And for many of us, our homes have become our office, our classroom, our gym—and most importantly, our safe haven during times of uncertainty. So it’s no surprise to see that design trends for 2021 revolve around soothing color palettes, cozy character, and quiet retreats.
Continue reading Home Design Trends 2021