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
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
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
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
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