Home Values Growth – Fastest Rate in Nearly Three Years
Home prices up at fastest rate in nearly three years!
Home Values Growth – Case-Shiller index sees fastest growth since mid-2014.
In just one word, HOT, describes the US residential housing market right now!
Sure, there are many out there right now for forecasting the US housing bubble, or in the very least, a topping out for the momentum in the housing market. But, according to the latest S&P/Case-Shiller 20-city index report, it would seem that these negative forecasters are 180° off base! the latest S&P Case-Shiller 20 city index was up 5.7% when compared to the same time period last year. Read more 
San Diego Home Prices In The Ball Park
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 Home Prices Increase – Sales Drop
San Diego Home Prices
A Red Flag For San Diego Home Sales
DataQuick a real estate information service announced yesterday that home sales in San Diego County increased 4.2 percent in September, compared to a year ago, while San Diego home prices rose by 11.1 percent, year over year.
The median price of a San Diego home in September was $350,000, up from $315,000 in September 2011.
Unfortunately, the same report also showed that just a total of 17,859 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in September, . That was down 20.4 percent from 22,438 in August, and down 1.6 percent from 18,149 in September 2011. Read more
San Diego Home Prices Drop
San Diego Home Prices
The vast majority of today’s real estate headlines proclaim a rise in home prices based on the just released S&P/Case-Shiller Home Price Indices. This is certainly correct on a national basis, but here in San Diego, the Case Shiller index actually showed that San Diego home prices for June 2012 dropped -0.2% when compared to June 2011. Read more
San Diego Home Values Jump
San Diego Home Values
The median price for new and existing houses and condos reached $295,000 in May, up 5.4 percent from $280,000 the same period last year. This marked the second straight month that the price increased from a year earlier, following 13 straight year-on-year declines. It was also the highest median price since $295,500 in September 2010.
The number of Southern California homes sold in May for less than $200,000 rose 7 percent from a year earlier, while the number that sold for $200,000 to $400,000 increased 18.9 percent. Sales between $300,000 and $800,000 jumped 23.1 percent, and sales over $800,000 rose 11.8 percent. Read more
San Diego Home Prices
San Diego Home Prices
San Diego home prices
The Standard & Poor’s/Case-Shiller home-price index released today showed that prices fell in January from December in 16 of 19 cities.
The Case-Shiller monthly index covers half of all U.S. homes. It measures prices compared with those in January 2000 and creates a three-month moving average. The January data are the latest available. Read more
San Diego Home Values
San Diego County Residential Real Estate Market Analysis: 3nd Quarter 2011
By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.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 2011 data in figures 1 through 4 will be projected based on market data taken from January through September 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.
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 2011 projection shows the total number of units sold for the year will be 32,089 (see figure 1). Read more
4 Neighbor Factors That Reduce Your Home’s Value
San Diego real estate
My first house in San Diego was within walking distance of San Diego State University. It was on a nice little cul-de-sac street, and for San Diego, on a huge almost 1/3 acre lot.
It was while living at this home that I became keenly aware of the factors in one’s neighborhood that not only can have an effect on your home’s resale value but also on its marketing time.
Yes, every neighborhood has them, homeowners who, for lack of a better phrase, have no pride in ownership. Naturally, this varies widely from neighborhood to neighborhood, and individual homeowners. Read more
San Diego Real Estate – A Bottom … Not A Reversal
When the San Diego real estate market hits bottom, it will be just that, a bottom, not a reversal. Don’t believe that home prices will spike up and shoot back up to pre-bust levels any time soon! I find that highly doubtful even if the economy were healthy in other sectors because who is going to fuel this reversal? Will it be the people who have foreclosures and short sales on their credit history, or another group of salivating sub-prime buyers?
Credit is tightening up to the point that home buying is truly back to where you actually have to put 5 to 20% down and have a decent credit rating. That will restrict the pool of available buyers considerably, which will prevent another ridiculous up-ride on the home price roller coaster.
The “bottom” will be the new median home price, according to what the local marketplace and income levels dictate, with modest year to year appreciation.
Until the ‘real’ bottom is reached in the San Diego real estate market, expect many false upward spikes driven by people looking at only one set of data and incorrectly timing the best time to buy.
Related prior posts:
#1 Key To Purchasing Real Estate in the San Diego Market
San Diego California Home Sellers Lose Big
The San Diego California Real Estate Great Depression
Believe the local San Diego ‘experts’ that subprime delinquencies are slowing?
San Diego County Foreclosures up 125% from 2007
Jumbo Financing and the Impact on The San Diego Real Estate Market
Another Look at the June Rise in Pending Home Sales
San Diego Home Sales Take Huge Fall
San Diego home sale
The median price of a home in San Diego County increased 2.9 percent in October according to La Jolla-based MDA DataQuick. The same report showed home sales in San Diego County fell 25.1 percent in October, compared to the same month in 2009.