Category Archives: San Diego County

Housing Appreciation, Housing Market, Market Statistics, North County, San Diego County

San Diego County Real Estate Report and Interest Rates January 2016

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San Diego County Real Estate ReportDecember is usually a quiet month for real estate. In spite of this, North San Diego County and San Diego County as a whole saw a fairly active month with the total sales volume for the county increasing significantly compared to November.

Real Estate Report

2015 showed healthy numbers also. Year-over, North County saw a 4 percent increase in the median price for all property types, while countywide, that number was almost 9 percent for detached homes and over 10 percent for attached homes.

The Fed’s quarter-percentage point interest rate increase didn’t have a major impact on the San Diego County market, but experts expect continued, gradual rate increases over the next year. So if you are thinking of buying, now may be the time.

See below for today’s interest rates. Click on the links to read the full housing statistics reports.

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Events, Fun, North County, San Diego County

North County and San Diego County Events – January 2016

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North County and San Diego County Events - JanuaryNorth County and San Diego County Events – January run the gamut from great music and art exhibitions to fun sporting events. Happy New Year!

Charles MoxonLux Art Institute Welcomes Resident Artist Charles Moxon
January 1 – 2
Location: Encinitas, Lux Art Institute, 1550 South El Camino Real

Charles Moxon’s portraits are reminiscent of 17th-century Dutch Old Masters, to which he adds the observational detail and hyper-reality of contemporary photorealism. His use of lighting and fluid paint strokes calls to mind Vermeer, with a similar layering of transparent glaze to create depth. As described by Rankin’s Hunger Magazine, "Charles’ eye for detail, technique and life-like qualities are astonishing."

Recently, Moxon has begun painting actors and models as a way to explore the theme of performance, both on the stage and in our everyday lives. While artist-in-residence at Lux, Moxon plans to continue in this vein by painting a local actor, musician, surfer or other type of performer. His process will include photos and sketches as he works toward a final oil painting.

The Artist Pavilion is open 1:00 to 5:00 pm on January 1 and 11:00 am to 5:00 pm on January 2.

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Housing Appreciation, Housing Market, Market Statistics, North County, San Diego County

San Diego County Real Estate Report and Interest Rates December 2015

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San Diego County Real Estate ReportDepending on which experts you choose to listen to, the San Diego County real estate market is either headed for substantial growth or a possible bubble in 2016. Realtor.com® lists San Diego at number three in "The Top 10 Real Estate Markets to Watch in 2016" while panelists in Zillow’s quarterly "Home Price Expectation Survey" are split in their views of whether the San Diego market is at risk of being in bubble conditions.

Real Estate Report

The month-over median sales price increased for both detached and attached homes in San Diego County, while North County saw a less than one percent drop for detached homes and a 7.2 percent increase for attached homes. On a year-over basis, November saw the median price for detached homes increase 6.1 percent in North County and 10.5 percent in San Diego County.

Inventory continues to stay very low, along with the average number of days it takes for a home to sell.

To read the full housing statistics reports and see updated interest rates, click on the links below.

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Events, Fun, North County, San Diego County

North County and San Diego County Events – December 2015

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North County and San Diego County Events - DecemberNorth County and San Diego County Events – December include tree lighting, parades, holiday lights and lots of fun activities. Happy holidays!

LEGOLAND Holiday Snow Days and Winter NightsLEGOLAND Holiday Snow Days and Winter Nights
December 1 – January 3
Location: Carlsbad, One LEGOLAND Dr.

Build a snowman with LEGO® accessories and throw real snowballs at colorful targets. Experience the magic of Winter Nights with shows, music, and twinkling lights.

There’s even a food truck with yummy treats served by Santa’s Elves. Stay for the nightly fireworks over Miniland USA, December 26 – 30. Witness the lighting of a 30-foot tall LEGO Christmas Tree and enjoy live entertainment with LEGO Friends Live. A life-sized LEGO Brick Santa and Reindeer make the perfect family photo. Check the website for specific dates.

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Housing Appreciation, Housing Market, Market Statistics, North County, San Diego County

San Diego County Real Estate Report November 2015

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HomeDex San Diego Real Estate ReportThe unemployment rate dropped to five percent and hourly earnings rose 0.4 percent in October. This is good news for the economy, but could be bad news for home buyers. Many economists think October’s strong jobs report will cause the Federal Reserve to raise interest rates when they meet in December. If you’ve been sitting on the fence about purchasing or refinancing, it might be time to make a move.

I’ve added home loan interest rates to my San Diego County Real Estate Report. You can follow them below. Your credit score, down payment, loan amount and many other factors can affect your interest rate. If you’d like more information on what your interest rate would be, contact me or your lender. If you need to choose a lender, read this first.

Real Estate Report

Even though the market tends to slow down this time of year, we saw month-over median price increases in October for both detached and attached North County homes, and an increase in the median price of attached homes countywide.

According to North San Diego County Association of REALTORS® and the Greater San Diego Association of REALTORS®, year-over median prices also showed increases for both detached and attached homes in North County and San Diego County overall with detached homes posting annual increases of over seven percent.

To read the full housing statistics reports, click on the links below.

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Housing Appreciation, Housing Market, Market Statistics, North County, San Diego County

San Diego County Real Estate Report October 2015

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HomeDex San Diego County Real Estate ReportThis month’s San Diego County real estate report shows September home prices dropping slightly in both San Diego County as a whole and in North San Diego County according to the North San Diego County Association of REALTORS® and the Greater San Diego Association of REALTORS®.

Although this recent dip in prices slightly improves affordability in San Diego County, it follows strong price increases over the spring and summer months. Experts expect these increases to continue even with the interest rate hikes anticipated later this year. UCLA Anderson Forecast’s third quarter report predicts employment and income growth in California paired with a shortage of new construction through 2017. This, combined with our ongoing lack of resale inventory, will maintain pressure on housing prices in San Diego County.

To read the full housing statistics reports, click on the links below.

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Housing Appreciation, Housing Market, Market Statistics, San Diego County

San Diego County Housing Market Report September 2015

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HomeDex housing market reportAfter an exceptionally hot summer of home sales, the San Diego County housing market report for August cooled a little. North County prices for all property types dropped 1.4 percent compared to July, but still saw a sustainable 3.8 percent rise over the previous year.

But even with August’s cooling, the North San Diego County market remains pretty hot. In addition to the continued year-over price increases, there were increases in both closed and pending sales compared to the previous year. We also saw both a month-over and year-over decrease in the supply of available homes.

The format for the monthly HomeDex report has changed. If you click on the links below, you can see detailed North County monthly indicators along with local market updates for Metro San Diego County, East San Diego County and South San Diego County.

To read the full housing statistics reports, click on the links below.

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Housing Market, News, San Diego County

Real Estate Is on Track for Best Year Since 2006

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real estate is on trackIn their midyear report, Realtor.com said residential real estate is on track for the best year since 2006. They attribute job growth and high rents for the rising demand. The threat of higher interest rates is also pushing up sales. Read the full article here.

We’re Hot, Hot, Hot

Realtor.com announced California as having almost half of the 20 hottest housing markets in the country in June, with San Diego coming in 12th on its list. They ranked medium to large sized cities by views relative to the number of listings and by the median days homes spent on the market.

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Drought, San Diego County, Water

June 1 Brings New Limits on Watering

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Mandatory, countywide water conservation measures go into effect on June 1, 2015 which will limit landscape irrigation to two days per week. These new limits on watering are the result of a recent vote by the San Diego County Water Authority.

They were reacting to state cuts and a reduction in water from the Colorado River watershed. Although San Diego has increased their water supply through independent sources, they are not exempt from the state’s executive order requiring an immediate 25 percent statewide reduction in urban water use.

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