Tag Archives: North San Diego real estate

Interest Rates, North County Housing Market, San Diego County Housing Market

July 2017 San Diego County Real Estate Report and Interest Rates

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July 2017 San Diego County Real Estate ReportThe July 2017 San Diego County Real Estate Report shows that, unlike some parts of the country, the San Diego County real estate market has not slowed down. In fact, year-over median sales prices increased countywide by 11 percent in June. The number of closed sales has dropped, but this is due to a continued lack of inventory.

San Diego County’s housing market has recovered with the median sales price exceeding 2005’s high in May this year. If you’re a homeowner, that’s wonderful news. It you are looking to buy, it’s not as scary as it sounds because when you adjust for inflation, we are still well below pre-recession highs. Only about one-third of the country has seen this recovery.

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Home Buyers, Home Loans, Tips and Ideas

How to Buy a Home: 7 Tips and Tricks from Real Estate Insiders

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How to Buy a HomeNo matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are 7 tips and tricks to buying a home.

Know Your Buying Power

What is your buying power? It is your ability to borrow plus the cash you have available for a down payment and closing costs. Your credit-worthiness and income will affect how much you can realistically borrow for a home.

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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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Home Improvement, Homeownership, Remodeling

Home Improvements That Pay Off

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Home Improvements That Pay Off

These values come from the 2015 Cost vs. Value Report published by Remodeling magazine and show statistics for the Pacific states.

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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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Homeownership, Housing Appreciation, Housing Market, Market Statistics

San Diego County Housing Market Report August 2015

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HomeDex housing market reportThis month’s San Diego County Housing Market Report shows continued price gains and tight inventory in the North County and San Diego County real estate markets.

Those continued price gains and our shortage of homes for sale are making news. Zillow ranked San Diego as one of three markets with the biggest decrease in supply of for-sale homes in July, and our markets are making realtor.com’s “hot” lists nationwide.

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

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Homeownership, Housing Appreciation, Housing Market, Market Statistics

San Diego County Housing Market Report July 2015

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HomeDex housing market reportLow interest rates and a lack of inventory are helping to promote continued appreciation as shown in July’s San Diego County housing market report. The number of detached homes that sold in June also increased, while the median number of days those homes were on the market did not change significantly.

Those record low interest rates have started moving upward, and are probably going to be increasing more in the near future. While most economists don’t expect the Federal Reserve’s Open Market Committee to make changes to the Federal Funds Rate when they meet later this month, they do predict the Fed will start raising rates as soon as September. This will make housing less affordable for home buyers in San Diego County. If you’ve been thinking of buying, you might want to move quickly to lock in today’s low rates.

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

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Homeownership, Housing Appreciation, Housing Market, Market Statistics

San Diego County Housing Market Report June 2015

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HomeDex housing market reportJune’s San Diego County housing market report indicates continued price increases countywide at a sustainable rate. North County’s month-over prices showed no increase when detached and attached numbers were combined, but when looked at separately, each category did show month to month median price increases. The annual price increase for detached homes in North County was almost 9 percent.

We saw an increase in the number of homes going under contract in May along with a decrease in new listings coming on the market. This will not help alleviate the already tight supply our market is experiencing.

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

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