Bloomberg Businessweek reports contracts to purchase resale homes dropped 8.7% across the country in December. The arctic freeze weather conditions in the Mid West and East Coast and lack of inventory contributed to the slow down. As the real estate market returns to “normal” more homes will be put on the market which will result in more pending home sales in the spring and summer.
Rancho Bernardo two bedroom, two bath condo closed sale.
January 29, 2014
Actually, the headline for this story in the Union-Tribune was “Home prices flattening in the county” Housing prices have been appreciating at a very fast pace the last few years as the market tries to adjust to the crash in 2008. A little “flattening” of high price appreciation is a good thing.
2012 San Diego real estate review
Jonathan Horn of the San Diego Union-Tribune reviews residential real estate market statistics for 2013. Almost 27,000 resale single family homes sold last year while there were sales of 12,484 condos. The median price for a single family home rose to $440,000.
Oaks North Single Family Home For Sale
Terrific three bedroom, two bath home with 1,909 sq.ft. Great cul-de-sac lot with park like back yard.