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
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 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.
The August 2017 San Diego County Real Estate Report shows the same trends we’ve been watching for a while, strong price increases, fewer sales, and even fewer homes coming on the market. Although some have brought up the disturbing idea of a housing bubble, most experts don’t see a bubble in our near future.
The 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.
Continue reading July 2017 San Diego County Real Estate Report and Interest Rates