Spring shows up early in San Diego County gardens, but there’s still time to trim and spray dormant trees and deciduous plants. The rains have finally gotten here too which means that not only are your plants happy, but so are your weeds. Manage weeds now while they are still small. Keep reading for more San Diego gardening tips for February.
Continue reading San Diego Gardening Tips February 2021
California’s ballot last November had several real estate related propositions. Proposition 19 was the only one that passed. It contains a tax break that might benefit you, but it also changes another one that may cost you.
Continue reading Proposition 19: Will You Win or Lose?
Although year-over activity slowed down in December in the San Diego real estate market as a whole, North County stayed busy through the holidays. The recent trend of stay-at-home workers moving to the suburbs may be the cause.
Even though there was some holiday slowdown, all San Diego markets saw strong price increases, shrinking inventory and shorter market times in December. CoreLogic expects this trend to continue and affordability to drop due to the large number of new households being created by Gen Xers and Millennials. And realtor.com ranks the San Diego County market at number 18 of its “100 Top Housing Markets of 2021.”
Year-over prices were up 14.7 percent countywide and 17.4 percent in North County. Inventory dropped significantly, and market times were over 40 percent shorter. San Diego County saw fewer pending and closed sales in December, while North County showed increases in both compared to the previous year.
See below for this month’s statistics and daily interest rate updates.
Continue reading January 2021 North County and San Diego Real Estate Markets
While many in this country are dealing with inclement weather, we lucky San Diego County residents are able to garden year-round. It’s a great time for both planting and yard cleanup. Prune and spray dormant trees and roses. And, if it rains, control weeds. Here are some San Diego gardening tips to beautify your winter garden.
Continue reading San Diego Gardening Tips January 2021
The start of a new year always compels people to take a fresh look at their goals, from health and career to relationships and finance. But with historically low mortgage rates, increased home sales and price growth, and a tight housing inventory, the time is right to also make some homeownership resolutions for 2021.
Continue reading 9 New Year’s Resolutions for Buyers, Sellers and Homeowners
While quite busy in October, the North County and San Diego real estate markets did see some slowdown in November. But because new listings dropped more than pending listings and sales, inventory levels plummeted. They’re lower now than I can ever remember seeing. This severely limited inventory paired with historically low interest rates has created an incredibly competitive market for home buyers. Due to these factors, we continued to see strong year-over price gains.
The California Association of Realtors 2021 Housing Market Forecast projects that this inventory shortage will continue, but price increases will be more moderate. They expect interest rates to stay just above three percent, and home sales to increase slightly in 2021.
Year-over, median prices were up 10.7 percent countywide and 11.6 percent in North County. Inventory dropped by about 50 percent compared to the previous year, and market times were very short. New listings, pending sales and closed sales dropped countywide. The same was true in North County, but closed sales saw a 10.5 percent gain.
See below for this month’s statistics and daily interest rate updates.
Continue reading December 2020 North County and San Diego Real Estate Markets
This year has demonstrated, perhaps more than ever, the importance of our family, friends, neighbors, and community. It truly takes a village to keep a community functioning effectively. And there are so many ways we can give back to our community. It could mean keeping our waterways clean, feeding the hungry, teaching our kids, or supporting small businesses.
Continue reading 10 Ways to Give Back This Holiday Season
November and December are great times for planting and pruning in the garden. Until the rains start it’s important to continue to water, especially when we are having dry Santa Ana winds. Here are some November and December gardening tips to get your yard ready for the new year.
Continue reading November & December Gardening Tips 2020
“2020 will be known for a lot of things, and a record-breaking year for real estate will certainly be one of its more unexpected legacies,” prominent economist Daryl Fairweather said. And he’s right. Most of us would have expected the housing market to suffer from circumstances like a global pandemic and historic inventory shortages. Instead, we’re experiencing a strong seller’s market.
Continue reading A Strong Seller’s Market: The New Normal?
The October North County and San Diego real estate markets both saw 15 percent, year-over price increases. Paired with strong price growth were steep decreases in available inventory and days on market compared to the previous year.
Historically low interest rates paired with very little inventory and pent-up demand are forcing prices up quickly. If we see more inventory coming on the market or an increase in interest rates, those price increases should slow down.
The California Association of Realtors 2021 Housing Market Forecast projects that interest rates will stay just above three percent next year. But inventory may start to increase with the recent passing of Proposition 19.
Proposition 19 will allow homeowners who are over 55, severely disabled or those whose homes were destroyed by wildfire or disaster to transfer the tax base value of their primary residence to a replacement residence of any value, anywhere in the state. This may help motivate some homeowners to make a move.
Both North County and San Diego County as a whole saw strong, year-over, median price gains of over 15 percent. Inventory dropped compared to last year by approximately 48 percent. Year-over market times were significantly shorter. North County saw increases in new listings, pending sales and closed sales while San Diego County as a whole had more pending sales but fewer new listings and closed sales.
See below for this month’s statistics and daily interest rate updates.
Continue reading October 2020 North County and San Diego Real Estate Markets