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Posts tagged ‘San Diego Real Estate Market forecast’

26
Dec

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 »

3
Sep

San Diego Housing Market Forecast

San Diego housing market forecast 2015

The San Diego housing market is strong and still has only a two month homes for sale inventory.

The San Diego Association of Realtors recently reported that 2251 single-family homes sold in July. This amount was actually down approximately 11% from June, but still up 12% from a year ago.
Also, for June, it was reported that attached homes were down 8% in July from June but again the attached home sales were up approximately 14% in July when compared to July 2014. The median home price for July 2015 was reported to be $555,000, up from July 2014! Read more »

28
Jul

Real Estate Market Condition

Real Estate Market Condition

San Diego real estate marketWith just over five months left for the 2015 real estate market, the market remains strong and barring any major  interest rate hikes should remain so through the end of the year.

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 »

5
Jan

2014 San Diego Real Estate Market Forecast

2014 San Diego Real Estate Market Forecast

2014 San Diego real estate market forecastAs we enter 2014  the San Diego housing market is in our traditional slower winter real estate cycle. Normally this.period runs through the beginning of March, and is the annual slowest time for real estate activity  After a strong San Diego home appreciation re-bound in 2013, just in the last three months of the year, the San Diego real estate market seems to be experiencing an above average seasonal slowdown.

The good news continues to remain that the available housing market in San Diego and for that matter nationally, has a relatively low level of homes for sale. Read more »

16
Oct

San Diego Real Estate Market Forecasting

Real estate market outlook

Real estate market opinions just like political opinions are highly debated and often is unclear who is correct. But, the passage of time always proves who was correct. Read more »