Now that the election is finally over, what will Trump’s presidency mean to San Diego County real estate? No one really knows, but The San Diego Union-Tribune published an interesting article today citing higher mortgage interest rates and possible regulation cuts.
Category Archives: San Diego County
North County and San Diego County Events – November 2016
Día de los Muertos
November 1
6:00 PM
Location: Escondido, 340 N. Escondido Blvd.
Come and celebrate el Día de los Muertos with art, ballet folklórico and more! This year we celebrate our 21st annual Festival, and it is going to be better than ever. As always, attendees will be able to create altars to remember lost loved ones in a special area created by artist Eloy Tarcisio. We will also have live music by Cumbia Machin, Mariachi Divinas, and Ritmos del Tiempo. For the children, we will have face painting, arts & crafts, and more. Food and handmade goods will be available for purchase.
The festival begins at 6:00 pm and is free and open to the public. Altar space will not be available until 6:00 pm, but early arrival is strongly recommended. Guests will not need a ticket to enjoy the festival.
Continue reading North County and San Diego County Events – November 2016October 2016 San Diego County Real Estate Report and Interest Rates
Prices in San Diego County and in North County did not change compared to the previous month, but did go up substantially over the last year. Inventory, which should be growing this time of year, is continuing to decrease.
North County and San Diego County Events – October 2016
North County and San Diego County Events – October 2016 are tons of fun, especially if you’re a kid! There are haunted houses, candy and more candy, and a month of free museum, zoo and Safari Park admissions. There’s no shortage of adult entertainment either with festivals, concerts, shows and lots of food. Of course, we have bike rides and runs to help burn off all that great food and drink.
Continue reading North County and San Diego County Events – October 2016
September 2016 San Diego County Real Estate Report and Interest Rates
Countywide, August saw an upturn in pending and closed sales over the previous month. There was no change in the median sales price compared to July, but a 7.4 percent increase over the previous year. Inventory is staying tight with a scant 2.3 months’ supply of housing on the market.
North County and San Diego County Events – September 2016
North County and San Diego County Events – September 2016 include something for everyone. There’s plenty to see like the Miramar Air Show, a rodeo, a powwow, and music, Greek, and art festivals. There’s plenty to do with runs, bike tours, and swims. And if all that activity leaves you hungry and thirsty, no problem. September offers great food and drink too.
46th Annual Barona Powwow
September 2 – 4
Location: Barona Indian Reservation, Barona Sports Park
Join the Barona Band of Mission Indians for a weekend of dancing and dress contests, camping, drums and cultural immersion. Dancers will be competing for over $60,000 in prize money!
Continue reading North County and San Diego County Events – September 2016
August 2016 San Diego County Real Estate Report and Interest Rates
The market slowed down in July with fewer pending and closed sales compared to June. But because there were also fewer new listings, inventory stayed at a very low 2.4 months’ supply countywide.
Real Estate Report
This low inventory continues to keep pressure on home prices in San Diego and North San Diego County. A lack of resale homes, rising prices and a dearth of middle- and low- income building is causing a housing crisis for both buyers and renters. It is hitting the middle class especially hard.
KPBS™ interviewed Matt Adams, vice president of San Diego’s Building Industry Association. He says new housing is creating an “hourglass” market by building more homes for people at the top and bottom of the economic ladder, but few for people in the middle.
Interest Rates
Market Updates
Click on the links below to read the full housing statistics reports.
Continue reading August 2016 San Diego County Real Estate Report and Interest Rates
North County and San Diego County Events – August 2016
North County and San Diego County Events – August 2016 certainly feel like summer. There are so many outdoor activities — concerts, movies, star gazing, sailing, surfing, horse racing, car shows, even a street fair for dogs! If you’re looking to beat the heat, no worries. There’s plenty to do indoors too!
Continue reading North County and San Diego County Events – August 2016
July 2016 San Diego County Real Estate Report and Interest Rates
Prices continue to rise throughout San Diego County and we are approaching the 2005 pre-recession median home price peak of $517,500. In fact, multiple zip codes throughout the county have met or exceeded their pre-recession peaks with many of those zip codes located in the North County Coastal area.
Real Estate Report
This is great news for those who are building equity, hard on those trying to enter the market, and scary for those who got hurt during the recession. But what do those numbers really mean? Housing affordability in San Diego County has dropped significantly since 2012, but even with significant price increases, it hasn’t changed much since 2014. This is because those price increases have not been adjusted for inflation, or changing incomes and interest rates. First American’s Economic Center has taken these factors into account in a recent report titled, First American Real House Price Index (RHPI).
The index set the RHPI at 100 in January 2000 and then compares those values to today’s numbers adjusting for income and interest rates. San Diego’s Real Price Index in April 2016 was 84.1. Recent events, like “Brexit,” have helped push down interest rates, increasing buying power even more. I’ll have our updated RHPI in next month’s San Diego County Real Estate Report.
Interest Rates
Click on the links below to read the full housing statistics reports.
Continue reading July 2016 San Diego County Real Estate Report and Interest RatesNorth County and San Diego County Events – July 2016
North County and San Diego County Events – July 2016 will keep you busy. There are so many fun things to do in July.
TGIF Concerts in the Parks
July 1, 8, 15, 22, 29
6:00 – 8:00 PM
Location: Carlsbad, various parks
For over 30 years, the City of Carlsbad Cultural Arts Office has presented live music events throughout the city. When summer rolls around in Carlsbad, everyone gears up for TGIF Concerts in the Parks! The 2016 season runs Friday nights from June 24 through Aug. 19, from 6 to 8 p.m. (all fields open at 4 p.m.) and features great music, food and a chance to dance the night away with friends and neighbors in a beautiful outdoor setting.
This year’s band lineup offers a music genre for everyone, from country to rock, cover bands to spicy Latin and world grooves. Concerts are free and open to the public and move across the city, from Stagecoach to Alga Norte, Poinsettia and Calavera Hills community parks. A free shuttle service is available at most concert locations, as onsite parking is limited.
The music at TGIF is just the beginning. A variety of food vendors are onsite at the events, or you can bring your own feast from home. Family Open Studios is back with free, hands-on art making activities for all ages. And of course, there will be plenty of chances to enter the Opportunity Drawing from the Carlsbad Friends of the Arts. There are prize packages each night, all to support future arts and cultural events in Carlsbad.
Continue reading North County and San Diego County Events – July 2016