San Diego’s New Eviction Rules
San Diego’s New Eviction Rules
Landlords in San Diego are not happy with the new proposed eviction rules in the city.
They say that the eviction rules will force landlords to leave properties neglected rather than doing updates and repairs, because a permit will be required if they desire to evict a tenant at the end of the lease to do updates. Read more 
Home Price Drops – Top 10 Cities
Home Price Drops – Top 10 Cities
Latest data is showing a big crash in Home Prices in 10 Cities across America.
Cities like Denver, Los Angeles, San Francisco, and Austin had Home Value Drops in June 2022 according to the Zillow Home Value Index (“Raw Mid Tier”). https://www.zillow.com/research/data/ Read more
2022 Housing Inventory Way Up
2022 Housing Inventory Way Up
Homes for Sale is skyrocketing and Prices are Coming Down many Housing Markets across America. Particularly the ones with the biggest Pandemic Migration boom.
Empty Homes are PILING UP on the US Housing Market. Particularly in certain Cities and ZIP Codes where the 2022 Housing Crash is well underway. 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 effect on San Diego real estate
If you think real estate sales will just pick up from where we were before the virus, I have a bridge in Brooklyn for sale!
This is just my interpretation, and I could be wrong so one should again do their own investigation and talk with your own legal and financial professionals.
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www.brokerforyou.com *** This 21 year old San Diego real estate is for sale! Also, aged real estate sites in many California cities are for sale.
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San Diego Real Estate Market
San Diego Real Estate Market
Latest information from the California Association of Realtors on the residential San Diego real estate market.
2020 San Diego real estate forecast
2020 San Diego real estate forecast
One real estate data firm is projecting a 5.6% appreciation for San Diego real estate in 2020. Personally, considering the fact that our San Diego housing prices have already seen some great appreciation, and depending where you get your data from, the average single-family detached San Diego home is currently $635,000 and the median San Diego detached single-family home is $693,959, these already lost the high single-family home prices will tend to slow down future appreciation just because the average San Diego incomes are making it very hard to qualify for these high mortgage amounts even when putting the traditional 20% down.
All things considered; I personally think that 20/20 will see single-family detached appreciation somewhere near 3% for the year! I understand many may not agree with my forecast for 2020 San Diego home appreciation, and that’s fine. Really, these forecasts are always hit and miss because so many economic factors combine to affect residential real estate appreciation. Sure, if someone would ask me exactly what the appreciation rate was for in a specific neighborhood, for the past 36 or one year, I’d be able to give them a pretty precise number. Yes, the reason for this is because that history, when looking into the future, as they say in the stock market, past results do not indicate future outcomes. Read more
Fed raises rates – fourth time is year
Wednesday the Fed raised the central bank’s benchmark interest rate to a range of 2.25 to 2.5 percent.
Fed raises rates – – – Some members of the Federal Open Market Committee (FOMC) predict that there will be two more rate hikes in 2019.
This interest rate hike means borrowing gets costlier, especially for credit cards, home equity lines of credit, and borrowers with adjustable rate mortgages.
Read more San Diego Real Estate Market 2018
San Diego County Residential Real Estate Market Analysis:
3rd Quarter 2018
©2018 Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-945-8996
San Diego Real Estate Market 2018
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.
San Diego Market Overview – Number of Sales: 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. In 2018, the total number of units sold, based on the first three quarter results, is projected to be 33,164, down from 35,200 sales in 2017 (see Figure 1).
San Diego Market Overview – Absorption Rates: The monthly absorption rate (number of units sold in a month) will mirror the trend we see in the number of sold listings. The peak monthly absorption rate occurred in 2003 with 3,562 units selling per month. In 2008, the monthly absorption rate decreased to a low of 1,998 units. The 2018 projected monthly absorption rate, based on first three quarter results, is 2,764 units, down from 2,933 units in 2017 (see Figure 2).
San Diego Market Overview – Sales Price: The mean sold price for a housing unit in San Diego County is projected to reach a new high this year, based on first three quarter results. The current 2018 projection is for a mean sale price of $714,527. Read more
San Diego Real Estate Market Analysis
San Diego County Residential Real Estate Market Analysis: 2nd Quarter 2018
By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-945-8996 ©2018
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 – Number of Sales: 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. In 2018, the total number of units sold, based on the first and second quarter results, is projected to be 32,394, down from 35,200 sales in 2017 (see Figure 1).
San Diego Real Estate Market Analysis
Market Overview – Absorption Rates: The monthly absorption rate (number of units sold in a month) will mirror the trend we see in the number of sold listings. The peak monthly absorption rate occurred in 2003 with 3,562 units selling per month. In 2008, the monthly absorption rate decreased to a low of 1,998 units. The 2018 projected monthly absorption rate, based on first and second quarter results, is 2,700 units, down from 2,933 units in 2017 (see Figure 2). Read more