San Diego County Housing Market Report April 2015

HomeDex housing market reportThis month’s San Diego County housing market report is hot, hot, hot! Homes are selling quickly. Prices are on the increase, and inventory is still low. Trulia published a report on April 15 showing San Diego to be the fourth fastest moving market in the nation as of April 5.

This is evident in the March numbers which definitely make up for February’s lackluster statistics. March’s median price for all North County homes shot up to $526,000. This is quite an increase from the $482,700 reported in February and significantly better than January’s median of $510,000.

Take a look at the North County and San Diego County summaries below, or click on the links for a detailed look at March’s statistics.

Continue reading San Diego County Housing Market Report April 2015

Rent Again?

rent againAfter you take the training wheels off your bike and learn to ride it, you’d never consider putting them back on again. Similarly, once you’ve owned a home, you might think you’ll own a home from now on; but there may be some situations where it makes sense to rent again.

Big shifts in a person’s life like a divorce, death of a spouse, empty nesting or a temporary transfer to a new city are certainly things that may warrant renting, at least temporarily, until you know what your long term plans are.

Continue reading Rent Again?

San Diego County Housing Market Report March 2015

HomeDex housing market reportThis month’s San Diego County housing market report isn’t showing the monthly increases we saw in January, but other sources disagree.

Although I post the HomeDex numbers monthly, I’m always looking at multiple sources and reports to stay on top of the constantly changing market. Even though all of these sources work with real estate statistics in San Diego County, they often don’t end up with the same results. So if you are worried about prices, you might feel a little better knowing that Infosparks shows no monthly change in prices as shown in the chart below, and the Greater San Diego Association of REALTORS® shows an increase in the median prices for both detached and attached homes countywide from January to February.

Continue reading San Diego County Housing Market Report March 2015

San Diego County Housing Market Report February 2015

HomeDex housing market reportOverall, the market’s not off to a bad start for 2015. This month’s San Diego County housing market report shows reasonable price increases for the county as a whole, with less of an upturn in North County.

The number of sold properties dropped compared to December, but this is typical for January and reflects fewer homes going under contract during the holidays.

As you can see in the chart below, inventory is still limited. The number of available homes for sale in January was the lowest it has been since 2004.

Take a look at the North County and San Diego County summaries below, or click on the links for a detailed look at January’s statistics.

Continue reading San Diego County Housing Market Report February 2015

Homeowner Tax Tips

homeowner tax tipsEven if you’re having a professional help you with your income tax return, you need to provide them with information on the money you spent that might be deductible. Look at the following list of homeowner tax tips to see if any of these things need a little more investigation to determine if they apply to your situation.

Continue reading Homeowner Tax Tips

San Diego County Housing Market Report January 2015

HomeDex housing market reportThis month’s San Diego County housing market report looks positive. The December numbers show healthy appreciation. These aren’t the twenty to twenty-five percent annual appreciation numbers we saw for many months straight, but a continuation of the sustainable growth we saw throughout most of 2014.

Take a look at the North County and San Diego County summaries below, or click on the links for a detailed look at December’s statistics. You may also want to go to The San Diego Union-Tribune’s recently published article reviewing San Diego County’s housing market for 2014. It’s full of good information.

Continue reading San Diego County Housing Market Report January 2015

Should You Downsize Your Home?

downsizingWith roughly 12.5% of the population over 65 years of age, it is understandable that some people are thinking of downsizing because they may not need the amount of space they did in the past. There is something to be said for the freedom acquired by divesting yourself of things that have been accumulated over the years but are no longer needed. Should you downsize your home? It does have its benefits.

Continue reading Should You Downsize Your Home?

Raise the Basis and Lower the Gain

capital improvement registerHomeowners can raise the basis or cost in their home by money spent on capital improvements. The benefit is that it will lower their gain and may save them taxes when they sell their home.

Improvements must add value to your home, prolong its useful life or adapt it to new uses. Repairs are routine in nature to maintain the value and keep the property in an ordinary, operating condition. They do not raise its basis.

Continue reading Raise the Basis and Lower the Gain

Holiday Tree Safety

holiday tree safetyFresh holiday trees are beautiful, smell great and really add to the spirit of the season. Following some proven holiday tree safety tips might help you avoid a disaster and keep the Grinch away.

  • Select a tree with fresh green needles that don’t fall off when touched or when the trunk is tapped on the ground.
  • When trees are cut too early, they have a greater risk of drying out and can become more dangerous especially with electrical lights.
  • Continue reading Holiday Tree Safety

The Heat Is On

the heat is on thermostatAs the weather gets cooler and you get ready to turn on the heat, it’s a good time to check your HVAC (heating, ventilating and air conditioning) system to make sure it’s operating properly. While it’s wise to have your HVAC inspected by a heating professional every fall and spring, you can increase the efficiency of your system by following these simple maintenance tips from American Home Shield.

Now:

Use a high-efficiency pleated filter with an electrostatic charge that works like a magnet to grab the tiniest particles. Replace the filter every 90 days and check it monthly. If it looks dark and clogged, change it, and if you have pets, you may need to change it more often.

Continue reading The Heat Is On