San Diego Condo Prices – Another Bubble?
San Diego California single-family median resale home prices hit $432,000 in March, a rise of 5 percent from February, and nearly 19 percent from March of 2012.
Condos and townhomes saw an even higher increase in the median price – $285,000, which is a jump of 14 percent from February, and 30 percent from March of last year.
Normally, single-family home prices should increase 2-3% a year tops plus inflation… yet we’re seeing 20-30% increases or more? Home values are halfway back to where they were pre-2007! Read more
New Home Construction Jumps
Today the U.S. Department of Commerce released a report showing new home construction in March hit its highest rate in almost 5 years! New home starts in March were up 47% from the same period last year, the largest year-over-year growth since 1992! Read more
San Diego Townhome Rental 3Br./2.5Ba.
This rental will be available for July 1, 2013 move-in. It’s possible, that the move-in could be moved up with agreement of the current tenant.
This is a great location on Mission Mesa Way, in the San Carlos area of San Diego, CA 92120.
San Diego Home Prices
Today is the home opener for the San Diego Padres. So, naturally, I’m going to use a metaphor for San Diego home prices as being in the ‘ballpark’ for a good buy for a home for you and your family.
People asked JP Getty his secret for success, he said, never buy at bottom, never sell to top. Because you cannot time it perfectly, you may miss them completely. Read more
San Diego County Residential Real Estate Market Analysis:
1st Quarter 2013©2013 By Mark A. Melikian California Certified Residential Appraiser email@example.com P.O. Box 3051 Del Mar, California 92014 858-793-9339
The following is a market data summary of detached and attached properties as reported by the San Diego County MLS system. The data includes all zip codes in San Diego County. * All 2013 data in figures 1 through 4 will be projected based on market data taken from January through March as reported by the San Diego County MLS system. All projections discussed in this analysis will be updated throughout the year in subsequent quarterly reports.
San Diego Market Overview: The data provided analyzes residential real estate sales beginning in the year 2000, which is used as the base year. The number of sold listings in San Diego County peaks in 2003 at 42,746 units and decreases through 2008 to 23,972 units. *The 2013 projection shows the total number of units sold for the year will be 31,572, below the 35,935 units sold in 2012 (see figure 1). Read more
Home Prices Up
CoreLogic, a real estate data provider just reported that home prices in February increased by 10.2% over the year ago period. The February home price increases mark 12 months of annual price improvement.
The gains in home prices were very broadly based with 47 of 50 states showing home price improvement. Read more
Home Prices Increase
The just released S&P/Case Shiller composite index of 20 metropolitan areas gained 1% in January on a month-on-month basis. But, the big news was that the 20 cities index climbed 8.1 % on a year-over-year basis! Read more