San Diego’s Housing Agenda
San Diego’s Housing Agenda
When landlords withdraw their efforts to provide rental housing a shortage will result. That creates an upward pressure on rents thereby making rents even less affordable. This form of rent control has been tried before so many times but has never worked. If it ever did it would be utilized in every rental property across the country.
Honestly, it seems painfully clear it is time to no longer be a landlord in California. This is just the beginning of the path California is walking. It is not going to get better for landlords. The small guy is going to be crushed. Read more 
Southern California real estate market
Southern California real estate market
There is absolutely no doubt that here in Southern California the residential real estate market has become a unlikely beneficiary of the Cove in 19 virus. Yes, the urban downtown areas seem to be less appealing to real estate investors these days because of the lockdown orders and the social unrest that so far has seen to be confined to the inner cities. The big beneficiary here, has been suburban residential real estate. Read more
Coronavirus & San Diego Real Estate
Coronavirus & San Diego Real Estate
10Ac property listed & sold by Bob Schwartz
As we all know, these are strange and trying times for everyone in the country. Originally, in California, Realtors weren’t considered an essential service. I understand that the California Association of Realtors was trying to get that changed and although it wasn’t changed yet in California, the Trump administration did declare that Realtors are essential.
As far as residential real estate sales go, the figures are not yet in for March. The February figures that did come in last week, show that the market was still strong. But, as we all know, now this pandemic has had a drastic effect on almost every type of business including real estate throughout the country. Read more
San Diego real estate market Outlook 2018
San Diego real estate market Outlook 2018
As I write this, the final figures for the fourth quarter of 2017 are not in yet. But it seems that a number of insiders believe that the average home appreciation in San Diego will be approximately 7.2% for 2017.
One major real estate tracking analytical firm has come out with for projection of average appreciation for 2018 in San Diego California of approximately 4.2%. so, you may be asking yourself why the three percentage point drop in the forecast for home appreciation for 2018? I’m going to give my opinion here with my thoughts on why the San Diego home values will not be a strong this year as they were in 2017. Naturally, I’m just a real estate broker and not an economist. But, with that said I’m sure if he got 10 economist in a room and asked them what they thought the average appreciation for San Diego real estate would be in 2018 you would get 10 different opinions.
So, here is my personal opinion on what I see for the San Diego residential real estate market in 2018: Read more
San Diego Real Estate Market Observations
San Diego Real Estate Market Observations
In this video I give my observations and opinions on the San Diego real estate market in mid-July 2017. actually, these are just my personal opinions so before acting on any of the information here I would advise talking with your accountant and financial advisor prior to making any real estate contractual commitments.
Well, with that said, I can say one thing for certain. That is this market does not look anything like the top of our San Diego real estate market did in the summer of 2005.
Driving the real estate frenzy that ended in the summer of 2005 was the ease of getting mortgages without stringent qualifications. in today’s San Diego real estate market home buyers really have to qualify to handle the mortgage payments. What’s really driving our current San Diego home price appreciation is the basic economic principle of supply and demand. Read more
San Diego Residential Real Estate Market
San Diego Residential Real Estate Market
San Diego County Residential Real Estate Market Analysis: 2nd Quarter 2017 ©2017
By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-945-8996
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 projections discussed in this analysis will be updated throughout the year in subsequent quarterly reports.
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 peaked in 2003 at 42,746 units and decreased through 2008 to 23,972 units. Based on data from the first two quarters of 2017, the projected total number of units sold for the year will be 34,888, down from 36,236 sales in 2016 (see Figure 1). Read more
Real Estate Market Trends
 Real Estate Market Trends
We all know the old saying, that a picture is worth 1000 words, so I’ll keep my words here very short. The two graphs below should prove to anyone who is doubting the real estate market recovery, that this recovery is for real!
As for the San Diego real estate market, I can definitively say that the majority of the activity seems to be in the starter home market range … basically homes and condos under $350,000. Read more
San Diego California Real Estate Market
San Diego California Real Estate Market
httpv://www.youtube.com/watch?v=-SJ1NnaTYko
The San Diego housing market saw a 2.4% increase in the median home price over the April 2011 home price. The increase is small, but, it is an INCREASE!
San Diego Real Estate Market
San Diego County Residential Real Estate Market Analysis: 3nd Quarter 2011 (Part2)
By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-793-9339
Market Overview: The mean sold price for a housing unit in San Diego County peaked in 2007 at $621,675. The mean sold price in 2009 decreased to a low of $385,754, a 37.9 percent decrease from the market peak in 2007. *In 2011, the projected mean sold price is $415,743, which would represent a 7.8 percent increase from the 2009 mean sold price and a 33.1 percent decrease from the market peak in 2007 (see figure 3).
Figure 3
San Diego Home Values Double Dip
San Diego California real estate market has been improving & many are saying a bottom is in place. However, the San Diego real estate market activity after the end of the federal tax credit, indicates that San Diego home values have actually entered into a double dip down!
httpv://www.youtube.com/watch?v=q1szb-Nwm_8