San Diego Home Sales at 7 Year High
San Diego Home Sales
It was just reported today by the La Jolla real estate tracking company DataQuick, that San Diego countywide sales total hit a 7-year high.
There were 25,419 new and used homes and condominiums sold last month in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties. Read more
San Diego Home Prices
San Diego Home Prices
This morning’s release of the S&P/Case-Shiller Home Price Indices for April confirmed the huge snapback in San Diego home prices. residential real estate prices increased almost 15% when compared to April 2012, and approximately 4% when compared to March 2013.
“The 10- and 20-City Composites posted their highest monthly gains in the history of S&P/Case-Shiller Home Price Indices,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. Read more
San Diego Home Prices Jump 25 Percent
San Diego Home Prices
Today DataQuick a research firm reported that the San Diego California median price for new and existing houses and condominiums reached $368,000 in May, up almost 25 percent from the same period last year!
This marks 14th straight months of annual gains for Southern California median home prices.
Home sales were up in Orange and San Diego counties, but San Bernardino and Riverside counties posted home sale declines.
It seems to me that the combination of today’s low interest rates forcing many investor groups as well as individual investors into the Southern California real estate market in order to generate a decent return on their investments. Usually, these groups look for condos and homes at the lower end of the price range and buy them for all cash, when they believe they’ll be able to rent them out and generate a much higher return on their investment capital than if that cash was just sitting in CDs.
I see a red flag here, with the fact that double-digit home appreciation in our general lack luster economy seems to indicate a ‘feeding frenzy’ occurring just when interest rates seem to be firming up. Increasing interest rates are a double-edged sword here, because they offer investors other alternatives while at the same time, decreasing potential home buyers purchasing power.
San Diego California investment property
San Diego County Home Prices Reach Fve-Year Highs
San Diego County Home Prices
The real estate reporting company, Dataquick, reported that the median San Diego County home price sold in April rose to $400,000, that was up 21% from April 2012!
So, now, in our housing recovery, San Diego County home prices are at their highest level in five years!
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
S&P/Case Shiller Home Prices – Best Increase Since 2006
Home Prices Increase
The just released S&P/Case Shiller composite index of 20 metropolitan areas gained 1% in January on a month-on-month basis. But, the big news was that the 20 cities index climbed 8.1 % on a year-over-year basis! Read more
San Diego County Home Prices Jump Up
San Diego County Home Prices
The San Diego Association of Realtors just reported that the median resale home price in San Diego County jumped up 12% over the January 2012 prices. It was also reported that the actual number of sales in January 2013 increased when compared to the same period a year ago. Read more
San Diego Real Estate – Home Prices Recover
San Diego Real Estate
Today, the National Association of Realtors released a report that showed U.S. sales of previously occupied homes rose 2.1 percent to a seasonally adjusted annual rate of 4.79 million, up from 4.69 million in September.
The October 2012 home sales pace is roughly 11 percent higher than a year ago. But that is still below the more than 5.5 million that economists consider a healthy housing market. 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
Home Prices Increase
Home Prices Increase
Yes, it’s always good to hear positive news on the San Diego real estate market. First, let’s talk nationally, today’s release of the monthly Standard & Poor’s/Case Shiller index showed that home prices increased by 1.2% in July versus the average home price in June. for all 20 cities tracked by this report, home prices increased in every city for the third month in a row. Read more