Reports of March’s record-breaking price increases are all over the news right now. But did you know that in the North County and San Diego real estate markets home prices grew even faster in April?
Continue reading May 2021 North County and San Diego Real Estate Markets
The March 2019 North County and San Diego Real Estate Market Report shows only modest appreciation compared to the previous year with properties taking longer to sell and fewer homes selling overall. This market adjustment will help bring the cost of purchasing a home more into alignment with buyers’ ability to pay.
The Fed is also helping with the cost of purchasing a home, and announced yesterday that they would hold interest rates steady for now and didn’t expect to increase them this year. This is good news for home buyers.
Continue reading March 2019 North County and San Diego Real Estate Market Report
The North County and San Diego Real Estate Market Report for February 2019 continues to show a slower market, but with drops in interest rates that started at the end of December, there has been a slight pickup in sales. That’s why closed sales numbers were down 16.2 percent in North County and 17.9 percent countywide compared to the previous January. But pending sales, which show more recent activity, dropped quite a bit less with a 1.1 percent decrease in North County, and a drop of 3.7 percent countywide.
Experts anticipate that interest rates will rise as high as 5.5 percent in 2019. If this happens, it will most likely put a damper on home sales and appreciation. But because income growth is strong in San Diego, Zillow still predicts our market will be one of the top 10 hottest markets in 2019.
Continue reading February 2019 North County and San Diego Real Estate Market Report
This month’s North County and San Diego Real Estate Market Report shows a continued shift away from the strong sellers’ market we have been in for almost seven years. Sales have slowed down to their lowest point since 2007.
And although year-over prices are increasing, the much-watched CoreLogic Case-Shiller Indices show a decrease in prices of repeat sales. For a more detailed explanation and to learn more about what’s currently happening in our market, take a look at last week’s blog post, “How’s the Market?”
Continue reading November 2018 North County and San Diego Real Estate Market Report
The North County and San Diego Real Estate Market Report has been talking about market changes since spring. Now the numbers are finally coming in, and major sources are reporting a shift in the real estate market. This is what the California Association of Realtors® said, “Home sales in California have been lackluster in recent months and prices began to show signs of softening. We cannot deny that a market shift is underway anymore.”
Realtor.com® agrees and says the market is shifting from a seller’s to a buyer’s market with “California experiencing the nation’s biggest increase in the number of homes seeing list price reductions.”
Continue reading October 2018 North County and San Diego Real Estate Market Report
The January 2018 San Diego Housing Market Report reveals continued price increases and an even tighter inventory in San Diego and North County. This is great if you are planning on selling your home, but frustrating if you are looking to buy one.
Even with our tight inventory, it might not be a good idea to wait to buy. Many experts think appreciation will continue, but slow down. Interest rates are expected to increase. So is inventory, but not until late in the year. I have more information about what to expect in the 2018 real estate market in this recent post.
Continue reading January 2018 San Diego Housing Market Report
The December 2017 San Diego Housing Market Report shows year-over price increases jumping back up to double digits after dropping to a more sustainable rate of approximately 5 percent last month.
Continue reading December 2017 San Diego Housing Market Report
The November 2017 San Diego Housing Market Report shows a slight slowdown. That being said, San Diego still ranked fourth on the hottest U.S. markets list from realtor.com® for October.
Continue reading November 2017 San Diego Housing Market Report
The October 2017 San Diego Housing Market Report is showing strong year-over price increases, and a continued drop in the number of new listings and sales compared to 2016. Despite our lack of inventory, the San Diego County market moved up to number five on the hottest U.S. markets list from realtor.com® for September.
Continue reading October 2017 San Diego Housing Market Report
The September 2017 San Diego County Real Estate Report continues to indicate strong price increases, fewer sales, and even fewer homes coming on the market. The real estate news magazine first tuesday Journal predicts that once San Diego makes a full job recovery in 2018, real estate sales volume will rise and peak in 2020 or 2021.