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 
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
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
Real Estate Market Condition
Real Estate Market Condition
With 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
San Diego Real Estate Market Analysis – 3rd Quarter 2014
San Diego County Residential Real Estate Market Analysis
©2014 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 2014 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.
San Diego Real Estate 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. *The 2014 projection shows the total number of units sold for the year will be 33,105 (see figure 1).
San Diego County Residential Real Estate Market Analysis
San Diego County Residential Real Estate Market Analysis: 1st Quarter 2014
©2014 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 2014 data in figures 1 through 4 will be projected based on market data taken from January through March 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 peaked in 2003 at 42,746 units and decreased through 2008 to 23,972 units. *The 2014 projection shows the total number of units sold for the year will be 24,860, which is near the 2008 low (see figure 1).
Market Overview: Read more
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
San Diego Real Estate Market 2011 Outlook – Forecast – News
San Diego real estate market forecast 2011
San Diego real estate market forecast 2011
San Diego Real Estate 2011 – Year of the Short Sale
It’s that time of the year: The real estate industry is rolling out the shop-worn playbook of optimistic forecasts for the New Year. In San Diego these canned phrases are:
- Solid signs of a firming market,
- With interest rates near all-time lows,
- Buying now is a no-brainer,
- Get in now, before the huge pent-up demand for homes hits,
- What a great time to buy with low interest rates and a good supply of homes for sale,
- Act fast now, or you may be paying thousands more in a few months.
We have heard these same phrases since 2005. The major difference was that in 2005 and 2006 many of the Gurus were adding phrases: Read more