Existing home sales up for 3rd. consecutive month in July
Here in the Western region, existing home sales rose 3.2 percent to an annual rate of 1.28 million in July, and are 11.3 percent above a year ago. The median price in the West was $327,400, which is 8.4 percent above July 2014.
Existing home sales in the South increased 4.1 percent to an annual rate of 2.29 million in July, and are 9.6 percent above July 2014. The median price in the South was $203,500, up 7.0 percent from a year ago.
The Northeast was the only region to show a home sales drop for July. The Northeast decreased 2.8 percent to an annual rate of 700,000, but are still 9.4 percent above a year ago. The median price in the Northeast was $277,200, which is 1.3 percent higher than July 2014. In the Midwest, existing-home sales were at an annual rate of 1.32 million in July, unchanged from June and 10.9 percent above July 2014. The median price in the Midwest was $186,500, up 6.6 percent from a year ago. Read more
June home prices move up
The city with the largest home price increase for June was Denver with a 10.2% year-over-year increase. This was followed by San Francisco with a 9.5% increase and Dallas with a 8.2% rise.
Within the 20-city index, eleven cities showed home prices in June 2015. Read more
San Diego Real Estate Blog July Traffic
Last month this San Diego real estate blog had over 29,800 unique visitors!
Thanks to all our loyal readers & site visitors.
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San Diego Real Estate Blog
Most Expensive Housing Markets in the Nation
Of the five most expensive housing markets in the country, four them are here in California. Yes, San Jose, California, where Silicon Valley is located, has the distinction of having the nation’s highest median home price of $980,000!
In second place, is San Francisco with the median home price of $841,600. The Anaheim Santa Ana area of California comes in third with the median home price of $685,700. The fourth highest median home price in the country is not in California, but in Honolulu, Hawaii. The median home price in Honolulu is $698,600. Read more
Real Estate Market Condition
According to the most recent S&P/Case-Shiller Home Price Index, home prices continued to increase in May, though not at the pace many experts had predicted. On a national basis, single-family home prices seem to have settled in at an annual appreciation averaging between four and 5%.
The chairman of the S&P Dow Jones indexes said that he expected the future average home prices to slow down rather than accelerate. Meanwhile, the average single-family home resale price appreciation has been about double that of inflation and wage price increases for the year. Read more
SDSU San Carlos Huge 3Br+FamRm/2.5Ba Rental
$2250 – 1800ft2
Year Built: 1984
Sq Footage: 1802 sqft.
Bedrooms: 3 Beds
Bathrooms: 2.5 Baths
Lease Duration: 1 Year (See Details Below)
Pets Policy: No pets
Laundry: In Unit
Property Type: Townhouse
DESCRIPTION Read more
Best real estate video drone
DJI’s Phantom 3 Professional Quadcopter Drone
New DJI Phantom 3 Advanced and Professional quadcopters out for some test flights! This new model is the best real estate video drone for the money & ease of use.
Eric Cheng discuss how these new quads differ from previous models in terms of their flight capability and cameras. View these quadcopters up in the air to test the new stabilization systems and 4K video!
Awesome review, DJI Phantom 3 is really the best in this price range. I would recommend getting it here (look at Amazon ad on right side & below this post) for a much cheaper price. Read more
San Diego Home Prices
This increase in home prices was slightly below the average for the 20 city index tracked in this report. The average for the 20 cities tracked for April was 4.9% residential home price appreciation. Read more
San Carlos Home Rental 3Br./2.5Ba
(619) 286-5604 SHOWN BY APPOINTMENT ONLY! Equal Opportunity Housing