May San Diego Real Estate Newsletter – Pete Saxon Realty

May 1, 2015

New Listing

Jacarte Court
Jacarte Court

 

 

 

 

 

 

 

 

Just listed four bedroom, three bath Del Mar Highlands home. Completely refurbished with new paint and flooring. Offered from $875,000 to $940,000.

April 30, 2015

Sales spike to 6.1% in March across U.S.

The National Association or REALTORS reports that existing home sales increased 6.1% in March, the highest annual rate since September of 2013.  “Sales have increased year-over-year for six consecutive months and are now 10.4 percent above a year ago, the highest annual increase since August 2013 (10.7 percent),” according to the REALTOR Association.

April 28, 2015

Home prices show steady gains at 4.7%

The San Diego Union-Tribune reports that the S&P Case Shiller Home Price Index shows the San Diego County region resale homes appreciated between 4.5 and 5 percent over the past six months.

April 23, 2015

Tight housing market across U.S.

CNBC story and video report about a “tight” housing market across the U.S. Also information about new, more lenient lending standards creating more qualified home buyers.

April 22, 2015

Sales jump to most in 4 years

Bloomberg Business article about National Association of REALTORS report showing home purchases nationwide rose 6.1% in March. The March gain in sales was the highest since December 2010.

April 16, 2015

Closed Sale in Carlsbad

Bressi Ranch Home For Sale
Bressi Ranch Home For Sale

 

 

 

 

 

 

 

Bressi Ranch four bedroom, three and a half bath with 2,693 sq.ft. Sold for $805,000.00.

Third-party real estate websites

Zillow, Trulia, Redfin and all the other third party websites that display information about San Diego residential real estate are currently in a licensing battle with SANDICOR, San Diego’s multiple listing service operated by local REALTORS. Basically, SANDICOR has terminated the web portal that third party companies use to update their property information. It is a complicated and confusing conflict over licensing and copyright issues. SANDICOR operates its own consumer web portal and I encourage anyone looking for information about San Diego residential real estate to use this site. Since the site is operated by the local MLS it will have the latest, up-to-date information.

San Diego residential sales surge

“Last month, 3,467 real-estate transactions closed in the county, a 13.4 percent jump from March 2014, real estate tracker CoreLogic reported Thursday,” as reported in the San Diego Union-Tribune. The median sales price rose 6.8% to $456,000.00.

San Diego a seller’s market

An article in the San Diego Union-Tribune about real estate tracker Trulia reports that only one third of the homes listed in February remained on the market in April while last year 44% of the homes for sale during that same period were still for sale.

April 15, 2015

San Diego featured in National Geographic documentary

San Diego Union-Tribune story reports, “San Diego has a starring role in a soon-to-air National Geographic documentary on smart cities that will showcase not only its eye-catching coastline, Balboa Park and the region’s mushrooming craft beer industry, but also local companies and academic institutions leading the way in scientific and medical research.”

April 9, 2015

Mortgage rates fall to 3.66%

Freddie Mac reports that 30 year mortgage rates dropped from 3.7% to 3.66% according to a story in the Los Angeles Times. Fifteen year loans averaged 2.93%.
April 3, 2015

Rancho Bernardo Closed Sale

Pending Sale Rancho Bernardo
Closed Sale Rancho Bernardo

 

Spectacular views from this three bedroom, two bath Seven Oaks home. Sold for $435,000.