April’s San Diego County housing market report shows continued strength. After March’s quick uptick, both North County and San Diego County pricing remained fairly level on a month-over basis, but homes sold even more quickly in April than they did in March.
Detached homes appreciated between five to six percent compared to the previous year. Attached home prices grew between one and two percent depending on location.
The number of active listings increased in April, but the number of sold units grew by double that amount, keeping inventory supply under three months.
Take a look at the North County and San Diego County summaries below, or click on the links for a detailed look at April’s statistics.
This 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.
After 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.
This 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.
Overall, 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.
This 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.
With 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.
As 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.
After 26 straight months of year-over median price increases, North County single family detached homes finally saw a decrease of 0.88 percent in October. That was not the case countywide where prices of detached homes increased 4.20 percent.
The months of double digit appreciation that peaked in mid-2013, the normal market slowdown that comes as we approach the holidays, and fewer investors in the market are all factors in the slowdown.
To read the full housing statistics reports, click on the links below.
Median prices of single family detached homes in San Diego County overall and in North County specifically showed an increase of slightly over five percent compared to the previous year. This puts appreciation very close to historical averages. Investors and foreclosures no longer have a strong influence in our market. It is being driven by more traditional factors such as wages and interest rates.
Inventory is still on the tight side with under four months’ supply, but higher than it was at this time last year as can be seen in the chart below.
To read the full housing statistics reports, click on the links below.
April’s San Diego County housing market report shows continued strength. After March’s quick uptick, both North County and San Diego County pricing remained fairly level on a month-over basis, but homes sold even more quickly in April than they did in March.
