June 2015 Real Estate Newsletter

May 28, 2015

Pending home sales highest in 9 years

The National Association of REALTORS reports that their monthly index of pending home sales rose 3.4% across the country to a nine year high according to a story by Diana Olick on CNBC. “April pending home sales in the Northeast finally bounced back, up 10.1 percent from March. In the Midwest, sales increased 5 percent, in the South increased 2.3 percent and in the West moved just 0.1 percent higher.”

May 26, 2015

S&P/Case-Shiller says prices up

REUTERS story on S&P/Case-Shiller’s report indicating that home prices were up 5% in March in the U.S.’s 20 largest metropolitan areas. “Home prices are currently rising more quickly than either per capita personal income or wages, narrowing the pool of future home-buyers. All of this suggests that some future moderation in home prices gains is likely,” said David Blitzer, chairman of the Index Committee for S&P Dow Jones Indices.

May 21, 2015

U.S. existing home sales drop

National Association of REALTORS statistics show a slowing in sales in April but the sales pace still remained above 5 million sales for the second straight month. Nationally, the medial sales price in April 2015 was $219,400 which is 8.9% above last April’s median price.

May 20, 2015

San Diego resale market remains strong

San Diego Union-Tribune reports on CoreLogic statistics showing that the median home price is San Diego County was $455,000 up 4.6% from the previous year. The number of homes that closed escrow was over 4,000 for the first time in nearly two years.

May 6, 2015

Pending Sale

Del Mar Highlands four bedroom, three bath sold in four days. Listed in a range of $875,000 – $940,000.

Jacarte Court
Jacarte Court

May 2, 2015

San Diego County population up

The California Department of Finance reports that San Diego County’s population grew by 1.1% in 2014 according to an article in Poway Patch. “The city of San Diego’s growth was the largest in the region in both raw numbers and percentage,” the story reported.

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.